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    Property profile & analytics

    306 Elm St Farmington, MN 55024

    • Data centers and call centers
    • 9,118 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US46-0795112
    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

    • Data centers and call centers

    Property Details for 306 Elm St

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.27 lot acres
    Property size
    9,118 SF
    Zone code
    R
    Property type
    Data centers and call centers
    APN
    14-77000-23-040
    APU
    147700023040

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1443
    Latitude
    44.64
    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
    2022
    $9,344
    $68,000
    $227,700
    $295,700
    -
    $68,000
    $227,700
    $295,700

    Comparable in this City

    • Value Estimation by Request
      462 SF

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      256 SF

      Farmington, MN 55024

      RADIO OR TV STATION • 256 SF
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    • Value Estimation
      $180,000
      912 SF

      18998 Englewood Way

      RADIO OR TV STATION • 912 SF
      18998 Englewood Way, Farmington, MN 55024
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    • Value Estimation by Request
      91,424 SF

      4300 220th W St

      OFFICE BUILDING • 91,424 SF
      4300 220th W St, Farmington, MN 55024-9003
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    • 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
      $1,130,000
      6,669 SF

      310 Division St

      CONDOMINIUM OFFICES • 6,669 SF
      310 Division St, Farmington, MN 55024-1233
      View Details

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    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      2.9k
    • Avg Time on site
      14 min
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    306 Elm St
    Farmington, MN 55024
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    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
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