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Property profile & analytics
OFF-MARKET
Estimated value
$8,420,000
Office buildings
4300 220th W St Farmington, MN 55024-9003
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-0576312
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
CONCRETE
Total area
91,424 SF
Lot
19.97 ac (869,893 SF)
Zoning code
R
APN
14-00600-27-012
UPID
US46-0576312
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dakota Electric Association Electric Utility Company
-
Circuit électrique Charging Station Electric Vehicle Charging Station
-
ZEF Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.33M
Blend (final)
Blend
$8.42M
Owner & transaction history
Dakota Electric Assn · 6 yrs held
Dakota Electric Assn
since 2020
6 recorded transactions
Zoning & alternative use
R · Farmington, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$13.9M
+25.7%
Retail stores
$13.0M
+17.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,080,000
Current use
WAREHOUSE, STORAGE
$13,925,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$13,030,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$8.42M
Range $7.58M – $9.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$148,942
Tax year 2023
Assessed value
$4,906,100
Assessed 2022
Previous assessed
$4,906,100
+0.0% YoY
Effective rate
3.04%
On assessed value
Assessed land
$1,500,100
Assessed improvement
$3,406,000
Land market value
$1,500,100
Improvement market value
$3,406,000
Total market value
$4,906,100
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
7
Total area
91,424 SF
Lot
19.97 ac (869,893 SF)
Zoning code
R
APN
14-00600-27-012
UPID
US46-0576312
Jurisdiction
DAKOTA
Zoning & alternative use
R · Farmington, MN
Zoning R · permitted uses
R · Farmington, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$13.9M
RETAIL STORES
Est. value
$13.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
7
Lot
19.97 ac
Current owner
From public records · entity-resolved
Dakota Electric Assn
Individual
Mailing address
4300 220TH ST W, FARMINGTON, MN 55024-9003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
—
Dakota Electric Assn
—
Deed
related
$30,000,000 · National Rural Utilities Coope
Nov 21, 2014
—
Dakota Electric Assn
—
Loan Modification
related
$35,000,000 · Cobank
Jun 2, 2014
—
Dakota Electric Assn
—
Loan Modification
related
$7,100,000 · National Rural Utilities
Nov 20, 2008
—
Dakota Electric Assn
—
Deed Of Trust
related
$20,000,000 · National Rural Utilities Coope
—
—
Dakota Electric Assn
—
Loan Modification
related
$30,000,000 · National Rural Utilities Coope
—
—
Dakota Electric Assn
—
Loan Modification
related
$10,700,000 · Cobank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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