Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4270 Lexington Ave S Eagan, MN

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $48 SF/Yr

    Retail space in Eagan, Minnesota with high traffic volume.

    Property size:
    11,645 SF
    Lot size:
    1.49 Acres

    Property Features for 4270 Lexington Ave S

    General Information

    Size
    11,645 SF
    Lot size
    1.49 Acres

    We can help!

    Listing Contact
    Chad Sturm
    Source: Moodyscre

    Listing Agent: Chad Sturm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Eagan Retail Space For Rent

    Located in Eagan, Dakota County, Minnesota, this retail space is situated on Lexington Ave, south of Diffley Rd. The location benefits from high daily traffic volumes of 10,900 cars. It is adjacent to Walgreens, Cub Foods, and the Lexington Center. The surrounding area has a 5-mile population of 133,348 and a 1-mile average household income of $163,426. The property offers 11,645 square feet of space. Daycares are the permitted use under the zoning and development agreement with the city of Eagan. All other uses are subject to submission, review, and approval by the planning and city council.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1478514
    Latitude
    44.8727363

    Nearby Similar for Lease

    • Contact for pricing
      14,000 SF

      Eagan Industrial Service Facility

      Modern 14,000 SF warehouse, 7.25 acres
      3300 Terminal Dr, Eagan, MN 55121
      View Details
    • $15 SF/Yr
      10,501 SF

      Renovated Office Space Available

      Prime location with renovated spaces and abundant natural light.
      1715 Yankee Doodle Rd, Eagan, MN 55121
      View Details
    • $13 SF/Yr
      3,596 SF

      Eagandale Point Office Space

      Class B office building with excellent location and updated common areas.
      1400 Corporate Center Curv, Eagan, MN 55121
      View Details
    • Contact for pricing
      3,076 SF

      Eagan Office Space For Rent

      Second floor office space with abundant parking and pylon signage.
      1595 Thomas Center Dr, Eagan, MN 55122
      View Details
    • $18 SF/Yr
      56,000 SF

      Class A Suburban Office Building

      Class A office building with walkable amenities and conference facilities.
      1515 Central Pkwy, Eagan, MN 55121
      View Details
    • Contact for pricing

      Versatile Office, Warehouse, Lab Space

      Office, warehouse, and lab space with excellent highway access.
      3388 Mike Collins Dr, Eagan, MN 55121
      View Details
    • $25 SF/Yr
      2,454 SF

      Eagan Mixed-Use Development Space

      Retail and office spaces available in a mixed-use development.
      3825 Cedar Grove Pkwy, Eagan, MN 55122
      View Details
    • $14 SF/Yr
      4,536 SF

      Eagan Office Space with Amenities

      Office spaces with shared pool, deck, and utilities included.
      1708 Meadowview Rd, Eagan, MN 55121
      View Details
    • $8 SF/Yr
      36,000 SF

      Eagan Warehouse Office Space Available

      Modern warehouse/office space, flexible layouts.
      4131 Old Sibley Memorial Hwy, Eagan, MN 55122
      View Details
    • $10 SF/Yr
      16,764 SF

      Eagan Industrial Flex Space Available

      16,764 SF flex space with office and warehouse components.
      1230 Eagan Industrial Rd, Eagan, MN 55121
      View Details
    • Contact for pricing
      16,756 SF

      Dakota County Warehouse - 16,756 SF

      Single-tenant industrial warehouse; excellent access.
      3707 Kennebec Dr, Eagan, MN 55122
      View Details
    • Contact for pricing
      3,040 SF

      Eagan Office/Retail Building For Lease

      Freestanding office/retail building in Eagan with excellent visibility.
      2781 Pilot Knob Rd, Eagan, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Eagan, Minnesota with high traffic volume.
    Where is this retail space located?
    The property is located at 4270 Lexington Ave S Eagan, MN.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: - High 1-Mile Average Household Income of $163,426; - High Traffic Location: 10,900 cars daily on Lexington Ave; - High 5-Mile Population of 133,348
    (612) 436-1122
    Request Owner's contact information
    4270 Lexington Ave S Eagan, MN
    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.
    4270 Lexington Ave S
    Eagan, MN
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4270 Lexington Ave S Eagan, MN
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chad Sturm
    Real Estate License ID: MN 20070429
    (612) 436-1122
    Learn more
    Google sign-in failed. Please try again or use another login method.