7435 Penn Ave S, Richfield, MN 55423 - Valuation report, cap rates, free data
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7435 Penn Ave S, Richfield, MN 55423

Indicative value *
$0.9M - $1.1M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
31
Value decline
risk score
67
Value growth
potential score
  • Residential district area with 80% of people residing in the area and 20% commuting here for work
  • Close to highway, highway score is 90 (out of 100)
  • High job growth in the area (within 3mi radius)
  • Employers in the area are large-size businesses, including Best Buy, Health Fitness, Midcontinent Communications, Gn Resound North America Corporatio N, Gn Hearing Care Corporation, Firstservice Residential Minnesota Inc., Xerxes Corporation, Network Therapy Services Llc, Midcontinent Media Inc., StuartCo, Best Buy Stores Puerto Rico Llc
  • Medium household income of $44,374/year in 0.3mi and $69,618/year in 3mi
  • Medium population density of 6,073/sq.mi. in 0.3mi and 4,034/sq.mi. in 3mi
  • Population has average level of education with 39% of people with bachelor degrees
  • Within or relatively close to an urban center
  • A number of amenities within walking distance but not many, including restaurants Caribou Coffee
  • Low population density of 6,073/sq.mi. in 0.3mi and medium population density of 4,034/sq.mi. in 3mi
  • Low retail growth
  • Not popular area with foot traffic score of 0 (out of 100)
  • Limited public transit with transit score of 3 (out of 100)
  • Limited business growth
  • USA / Minnesota / 55423 / 7435 Penn Ave S, Richfield, MN 55423, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    12
    140000
    05/04/21
    Multi-Family
    11
    71363
    10/04/19
    Multi-Family
    11
    190000
    07/17/19
    Multi-Family
    11
    190000
    07/17/19
    Multi-Family
    10
    91500
    06/07/19
    Multi-Family
    11
    232727
    05/14/19
    Multi-Family
    17
    150588
    05/14/19
    Multi-Family
    11
    90841
    01/22/19
    Multi-Family
    11
    90841
    01/22/19
    Multi-Family
    16
    125000
    09/21/18
    Multi-Family
    12
    92800
    08/14/18
    Multi-Family
    10
    175000
    07/24/18
    Multi-Family
    10
    77500
    01/16/18
    Multi-Family
    12
    7202
    08/03/17
    Multi-Family
    10
    67700
    05/31/17
    Multi-Family
    10
    87500
    05/02/17
    Multi-Family
    12
    35009
    04/03/17
    Multi-Family
    12
    75015
    04/03/17
    Multi-Family
    12
    25017
    04/03/17
    Multi-Family
    12
    24527
    04/03/17
    Multi-Family
    11
    60881
    01/17/17
    Multi-Family
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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