Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    18598 Elk Riv Trl Farmington, MN 55024

    • Office buildings
    • 2,769 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Jul 27, 2021
    $255,000
    Location Intelligence
    Property ID
    US46-0944423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Harmonized Healing and Balancing / Craniosacral Therapy / Reiki Therapist
    • Pure Potential Counseling, LLC. / Psychotherapist / Counselor
    • Katherine Deregnier / Counselor
    • Maryann Mings, LPC / Counselor

    Property Details for 18598 Elk Riv Trl

    Year built
    1906
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    2,769 SF
    Property type
    Office buildings
    APN
    14-58651-02-010
    APU
    145865102010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $215,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $180,000
      Mixed-Use
      $190,000
      Hospitality
      $205,000
      Educational
      $175,000
      Residential Income
      $190,000
      Energy
      $215,000
      Income-Based Land
      $190,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1762
    Latitude
    44.6805
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,934
    $119,100
    $133,400
    $252,500
    -
    $119,100
    $133,400
    $252,500

    Comparable in this City

    • Value Estimation by Request
      91,424 SF

      4300 220th W St

      OFFICE BUILDING • 91,424 SF
      4300 220th W St, Farmington, MN 55024-9003
      View Details
    • Value Estimation by Request
      2,336 SF

      16172 Chippendale Ave

      OFFICE BUILDING • 2,336 SF
      16172 Chippendale Ave, Farmington, MN 55024
      View Details
    • Value Estimation
      $370,000
      6,919 SF

      22488 Chippendale W Ave

      OFFICE BUILDING • 6,919 SF
      22488 Chippendale W Ave, Farmington, MN 55024-1652
      View Details
    • Value Estimation
      $380,000
      6,720 SF

      Farmington, MN 55024

      OFFICE BUILDING • 6,720 SF
      Farmington, MN 55024
      View Details
    • Value Estimation
      $325,000
      1,456 SF

      3478 220th W St

      OFFICE BUILDING • 1,456 SF
      3478 220th W St, Farmington, MN 55024-8801
      View Details
    • Value Estimation
      $295,000
      2,500 SF

      340 3rd St

      OFFICE BUILDING • 2,500 SF
      340 3rd St, Farmington, MN 55024-1353
      View Details

    Similar Nearby for Sale

    • $550,000
      3,225 SF

      Downtown Farmington Office Building

      Spacious Office, Ample Parking, Updated
      509 3Rd St, Farmington, MN 55024
      View Details
    • $274,999
      1,540 SF

      Updated Townhome with Modern Style

      Move-in ready townhome featuring fresh updates and modern style.
      17054 Eagleview Way, Farmington, MN 55024
      View Details
    • Contact for pricing

      Vermillion River View Land

      10.4 acres with river views, ideal for development.
      4755 220Th St W, Farmington, MN 55024
      View Details
    • $11,250,000
      105,040 SF

      Industrial Property with Outdoor Storage

      Large industrial complex with significant outdoor storage available Q3 2027.
      4300 220Th St W, Farmington, MN 55024
      View Details
    • Contact for pricing

      2.09 Acre Commercial Land Parcel

      2.09 acre commercial land parcel adjacent to multi-family development.
      4650 Knutsen Dr, Farmington, MN 55024
      View Details
    • $4,000,000
      79.30 Acres

      Farmington Development Land Opportunity

      79.3 Acres, Agricultural/Commercial Zoning
      18679 Flagstaff Ave, Farmington, MN 55024
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,824 SF

      Farmington Office Space For Rent

      Office space with private offices, conference room, kitchen, and lobby.
      5437-5465 212Th St W, Farmington, MN 55024
      View Details
    • Contact for pricing
      11,000 SF

      Charleswood Marketplace Retail Spaces

      Farmington, MN Retail & Office Space Available
      19645 Pilot Knob Rd, Farmington, MN 55024
      View Details
    • Contact for pricing
      14,500 SF

      Farmington Retail Center

      Downtown Farmington retail spaces available
      115 Elm St, Farmington, MN 55024
      View Details
    • Contact for pricing
      6,254 SF

      Farmington Industrial Building For Lease

      Industrial building in Farmington with climate control and solar panels.
      21170 Eaton Ave, Farmington, MN 55024
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      0
    • Avg Time on site
      8 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18598 Elk Riv Trl
    Farmington, MN 55024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.