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Property profile & analytics
FOR SALE
Industrial properties
701 1St St, Farmington, MN 55024
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-0823431
For Sale
1 / 4
$1,400,000
701 1St St, Farmington, MN 55024
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
STEEL FRAME
Total area
40,185 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R
APN
14-77000-04-030
UPID
US46-0823431
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
-
T&M Metal Works, LLC Metal Fabrication Plant Factory
-
RJ Restorations Inc. Auto Repair Shop
-
Dakota Wood Design Hardware & Home Improvement Furniture & Home Goods
-
The Black Cat Market (Bike/Boat/Book/etc) Store
-
Shopbyatlantic Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Kah Holdings LLC · 6 yrs held
Kah Holdings LLC
since 2019
3 recorded transactions
Zoning & alternative use
R · Farmington, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$7,692
Tax year 2023
Assessed value
$309,700
Assessed 2022
Previous assessed
$272,000
+13.9% YoY
Effective rate
2.48%
On assessed value
Assessed land
$65,500
Assessed improvement
$244,200
Land market value
$65,500
Improvement market value
$244,200
Total market value
$309,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1951
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Total area
40,185 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R
APN
14-77000-04-030
UPID
US46-0823431
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.
Building & site characteristics
From public records
Year built
1951
Construction
STEEL FRAME
Heating
NONE
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Kah Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
380 JACKSON ST STE #750, SAINT PAUL, MN 55101-4805
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
$1,100,000
Kah Holdings LLC
Woodland Holding Corp
Warranty Deed
—
Sep 14, 2018
—
Woodland Holding Corp
—
Deed
related
$100,000 · Castle Rock Bank
Apr 1, 1993
$191,030
Woodland Holding Corp
Beihoffer,william & Roberta
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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