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Financial
Distress signals
Property profile

423 3rd St Farmington, MN 55024

OFF-MARKET
Office buildings
Property ID
US46-0032981
1,393 SF 0.04 ac lot Built 1929
Last sale Feb 2003 · $60,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$93k
Assessed land$17k
Assessed improvement$76k
Effective rate1.84%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$121/SF
County average, outlier-cleaned · 160 recorded sales of this use type
Observed band · Q1–Q3$91 – $165
Qualifying comparables3

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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.2
Law Firm9.2
Bakery9.1

Location

423 3rd St Farmington, MN 55024-1354
County assessor Recorded deeds · not on file 3 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
305 3rd, Farmington, MN 55024-1352 $260,000 Feb 2024 3,686 SF
420 Elm, Farmington, MN 55024-1189 $425,000 Jul 2022 3,000 SF
511 Elm, Farmington, MN 55024-1126 $142,000 Aug 2021 1,008 SF
18598 Elk Riv, Farmington, MN 55024 $255,000 Jul 2021 2,769 SF
401 Oak, Farmington, MN 55024-1325 $200,000 Jun 2020 9,009 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
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