Property profile

821 3rd St Farmington, MN 55024

OFF-MARKET
Office buildings
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Property ID
US46-0011084
29,828 SF 0.94 ac Built 1956
Last sale May 2018·$380,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2022$569k
Assessed land$205k
Assessed improvement$363k
Effective rate2.75%

Value estimate

· Nov 2026
$470k
$423k – $517k
Submarket $/SF estimate$2.72M

Realmo valuation models over county records.

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

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.9
Spa & Massage10.1
Parking Facility9.5

Location

821 3rd St Farmington, MN 55024-1558
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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