Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    924 1st NE St Faribault, MN 55021-5441

    • Industrial properties
    • 8,264 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimation
    $685,000
    Last Sale
    Oct 02, 2023
    $725,000
    Location Intelligence
    Property ID
    US46-1141854
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Sherman F. Ogle, MD / Family Practice Physician
    • Dr. Guido M. Sclabas, MD / Doctor
    • Dr. Judy L. Fruehbrodt-Glenzinski, MD / Family Practice Physician
    • Dr. Paul K. Jacobson, MD / Family Practice Physician
    • Dr. Michael J. Wolf, MD / Doctor

    Property Details for 924 1st NE St

    Year built
    1963
    Lot size
    1.90 lot acres
    Property size
    8,264 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    18.32.2.75.005
    APU
    1832275005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $765,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $685,000
      Retail
      $670,000
      Mixed-Use
      $620,000
      Hospitality
      $710,000
      Educational
      $640,000
      Residential Income
      $740,000
      Energy
      $725,000
      Income-Based Land
      $810,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2542
    Latitude
    44.292
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,624
    $247,800
    $96,300
    $344,100
    -
    $247,800
    $96,300
    $344,100

    Comparable in this City

    • Value Estimation by Request

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      Faribault, MN 55021
      View Details
    • Value Estimation by Request
      0.10 Acres

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.10 Acres
      Faribault, MN 55021
      View Details
    • Value Estimation by Request
      0.13 Acres

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.13 Acres
      Faribault, MN 55021
      View Details
    • Value Estimation by Request
      0.06 Acres

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.06 Acres
      Faribault, MN 55021
      View Details
    • Value Estimation by Request
      0.98 Acres

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.98 Acres
      Faribault, MN 55021
      View Details
    • Value Estimation by Request
      0.18 Acres

      Faribault, MN 55021

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 0.18 Acres
      Faribault, MN 55021
      View Details

    Similar Nearby for Sale

    • $1,475,000
      4.75 Acres

      Faribault Commercial Property with Acreage

      Industrial/commercial property on nearly 5 acres with multiple outbuildings.
      2108 8Th Ave NW, Faribault, MN 55021
      View Details
    • $319,000
      0.25 Acres

      Mixed-Use Building in Downtown Faribault

      Mixed-use property with commercial spaces and residential potential in Faribault.
      12 3Rd St NE, Faribault, MN 55021
      View Details
    • $399,000

      Faribault Mixed-Use Investment Opportunity

      Mixed-use property in downtown Faribault with income and development potential.
      14/16 3Rd St NE, Faribault, MN 55021
      View Details
    • $525,000

      Mixed-Use Investment in Downtown Faribault

      Mixed-use property in revitalizing downtown Faribault, an emerging destination.
      301 Central Ave, Faribault, MN 55021
      View Details
    • $1,395,000
      46,075 SF

      Faribault City Block Redevelopment Opportunity

      Historic Multi-Building Campus, 46,075 SF
      112 2Nd Ave, Faribault, MN 55021
      View Details
    • $250,000

      Versatile Land Parcel For Sale

      6.4 acres of land zoned TUD with development potential.
      14xx Division St E, Faribault, MN 55021
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      30,000 SF

      Faribault Warehouse Space Available

      30,000 square foot warehouse space for rent in Faribault.
      128 15Th St NW, Faribault, MN 55021
      View Details
    • $14,400 /Mo
      15,660 SF

      Faribault Industrial Warehouse Space

      15,660 SF Warehouse, Office Space Available
      2800 1St Ave, Faribault, MN 55021
      View Details
    • Contact for pricing
      208,000 SF

      Faribault Industrial Park Land

      59 acre industrial park land available for lease.
      170Th St W, Faribault, MN 55021
      View Details
    • Contact for pricing
      934 SF

      Retail Space in Faribault, MN

      Retail space available in Faribault, Minnesota with ample parking.
      300 Western Ave, Faribault, MN 55021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    924 1st NE St
    Faribault, MN 55021-5441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.