Property profile

21130 Chippendale Ave W Farmington, MN 55024

FOR LEASE
Showrooms
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Property ID
US46-0786529
94,854 SF 13.79 ac Built 1976
Last sale Jan 2000·$1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional Farmington, MN industrial property at 21130 Chippendale Ave offers 18,750 square feet of versatile manufacturing and warehouse space, currently entirely vacant and ready for immediate occupancy. The property is zoned I-1 and features multiple tenancy options, with a minimum divisible space of 6,250 square feet and a maximum contiguous space of 12,500 square feet. Ideal for businesses requiring substantial space and convenient access, the building boasts two dock-high doors…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$163k
Tax billed · 2023
Assessed value · 2022$5.36M
Assessed land$912k
Assessed improvement$4.45M
Effective rate3.04%

Value estimate

· Nov 2026
$8.27M
$7.44M – $9.09M
Submarket $/SF estimate$8.96M
NOI build-up
Gross scheduled income$462k
Vacancy & credit loss−$19k
Operating expenses−$66k
NOI$376k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 92 recorded sales of this use type
Observed band · Q1–Q3$46 – $127
Qualifying comparables6

Cap rate analysis

How does the asset earn?
$376k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R
JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
Law Firm9.9
Bakery9.1

Location

21130 Chippendale Ave W Farmington, MN 55024
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
306 Oak, Farmington, MN 55024-1359 $155,000 Jul 2025 8,157 SF
21170 Eaton, Farmington, MN 55024-7966 $1,405,651 Oct 2024 12,151 SF
404 3rd, Farmington, MN 55024-1355 $350,000 Sep 2024 10,176 SF
5095 211th W, Farmington, MN 55024 $800,000 Dec 2021 11,168 SF
22096 Canton, Farmington, MN 55024-8505 $360,000 Jul 2021 20,728 SF
22015 Canton, Farmington, MN 55024-8505 $3,924,290 Mar 2019 27,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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