Financial
Distress signals
Property profile

6407 Penn S Ave Richfield, MN 55423

OFF-MARKET
Other industrial properties
Property ID
US46-0522154
0.21 ac lot Built 1948
Last sale Oct 2018 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This functional industrial/service space is configured to support light industrial, service, or contractor uses and includes a drive-in door. The interior provides approximately 10-foot clear height with 12 feet 6 inches column spacing, and electrical service is rated for 120V/240V. The layout includes a private office, restroom, and storage room, and is equipped with a floor drain. Heating is supplied by an overhead gas unit, and the property has dedicated onsite private parking. It is situated in a central location with convenient access to major highways.

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.

Mortgages

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?
$11k
Tax billed · 2023
Assessed value$345k
Assessed land$212k
Assessed improvement$133k
Effective rate3.20%

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$320k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
Submarket average, outlier-cleaned · 297 recorded sales of this use type
Observed band · Q1–Q3$59 – $147

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHENNEPIN

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 Firm20.4
HVAC Service12.6
Electrical Service11.8

Location

6407 Penn S Ave Richfield, MN 55423-1142
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7524 Lyndale S, Richfield, MN 55423-4006 $200,000 Jan 2024 No data
7717 Pillsbury S, Richfield, MN 55423-4121 $305,000 Sep 2022 No data
6237 Penn S, Richfield, MN 55423-1167 $2,000,000 Mar 2022 No data
7701 Pillsbury S, Richfield, MN 55423-4121 $580,000 Oct 2018 No data
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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