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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Showrooms
5145 211th W St, Farmington, MN 55024-8919
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US46-0823424
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Construction
CONCRETE
Total area
13,072 SF
Lot
3.82 ac (166,399 SF)
Zoning code
R
APN
14-25850-02-040
UPID
US46-0823424
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
-
Us Pipe Factory Metal Fabrication Plant
-
Core & Main Water Utility Company Water Works Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.36M
Owner & transaction history
Stordahl Partnership Lllp · 14 yrs held
Stordahl Partnership Lllp
since 2011
7 recorded transactions
Zoning & alternative use
R · Farmington, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+105.4%
Warehouse, storage
$2.0M
+83.3%
Retail stores
$1.9M
+71.5%
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
COMMERCIAL (GENERAL)
$1,085,000
Current use
AUTO REPAIR, GARAGE
$2,230,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,990,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,865,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$1,585,000
Change: +46% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±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
$104 / 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
$30,836
Tax year 2023
Assessed value
$1,062,800
Assessed 2022
Previous assessed
$988,000
+7.6% YoY
Effective rate
2.90%
On assessed value
Assessed land
$475,400
Assessed improvement
$587,400
Land market value
$475,400
Improvement market value
$587,400
Total market value
$1,062,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Total area
13,072 SF
Lot
3.82 ac (166,399 SF)
Zoning code
R
APN
14-25850-02-040
UPID
US46-0823424
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1995
Construction
CONCRETE
Heating
NONE
Bathrooms
3
Lot
3.82 ac
Current owner
From public records · entity-resolved
Stordahl Partnership Lllp
Entity
Mailing address
1001 MAIN ST E, WABASHA, MN 55981-1468
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
—
Stordahl Partnership Lllp
—
Deed
related
$50,000 · Merchants Bank
Jul 31, 2019
—
Stordahl Ptshp Lllp
—
Deed
related
—
May 13, 2019
—
Stordahl Partnership Lllp
—
Deed
related
$2,302,422 · Merchants Bank NA
Oct 19, 2016
—
Stordahl Ptshp Lllp
—
Deed
related
—
Nov 29, 2011
—
Stordahl Partnership Lllp
Thomas J Stordahl
Quit Claim Deed
related
$1,601,680 · Merchants Bank NA
Oct 20, 2006
—
Klune Stordahl Ptshp LLP
—
Trustees Deed
related
$438,100 · Anchor Bank Farmington
—
—
Klune Stordahl Ptshp LLP
—
Loan Modification
related
$536,900 · Anchor Bk Farmington
—
—
Stordahl Ptshp Lllp
—
Loan Modification
related
—
—
—
Klune Stordahl Ptshp LLP
—
Loan Modification
related
$453,750 · Anchor Bk/st Paul
—
—
Stordahl Ptshp Lllp
—
Loan Modification
related
—
—
—
Klune Stordahl Partnership LLP
—
Deed Of Trust
related
$180,000 · Anchor Bank Farmington
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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