Property profile

213 1st St Farmington, MN 55024

OFF-MARKET
Commercial real estate
Saved · see the list in your Dashboard
Property ID
US46-0856509
5,320 SF 0.24 ac Built 1993
Last sale Jun 2021·$575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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?
$10k
Tax billed · 2023
Assessed value · 2022$384k
Assessed land$71k
Assessed improvement$314k
Effective rate2.60%

Value estimate

· Nov 2026
$390k
$351k – $429k
AI approach$400k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R
JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.8
Spa & Massage10.0
Parking Facility9.6

Location

213 1st St Farmington, MN 55024-1003
County assessor Recorded deeds · 7 transfers 5 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
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
Farmington, MN 55024 $1,010,000 Jul 2022 7,728 SF
5095 211th W, Farmington, MN 55024 $800,000 Dec 2021 11,168 SF
120 Elm, Farmington, MN 55024-1016 $1,361,266 Apr 2019 3,721 SF
Farmington, MN 55024 $1,361,266 Apr 2019 3,721 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

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 213 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved