Retail Property in Growing
For Sale
Contact for pricing
2110 Eagle Creek Ln, Woodbury, MN
19,686 SF retail property built in 2006, 100% occupied.
Property Size19,686 SF
Lot Size2.08 Acres
Price / SF$253.73
Days on Market785
Property Features for 2110 Eagle Creek Ln
General Information
Standard status
Active
Size
19,686 SF
Lot size
2.08 Acres
Property subtype
RETAIL
Listing Agency:
Crossroads Properties
(651) 731-0708
Listed By:
Mark Young
(651) 307-2371
Source:
Moodyscre
Added: Jul 18, 2024
Changed: Aug 8
Last Checked: Sep 9 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crossroads Properties
Investment Insights
Based on property information with market context.
This 19,686 square foot retail property, constructed in 2006, is located in a growing market. The property is 100% occupied and offers the potential to increase rents. It is suitable for convenience and neighborhood retail businesses. The property features on-building signage and off-street parking. The annual income is $300,699.67, and the building operating expenses are $8.37 per square foot.
Key Highlights
- 100% Occupied
- Annual Income: $300,699.67
- Opportunity to Increase Rents
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$230,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,613,620
$4.6M
Cap Rate 7%
$3,295,443
$3.3M
Cap Rate 9%
$2,563,122
$2.6M
Market Conditions
NOI Build-Up for 19,686 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$354.3K $18.00/SF
− Vacancy
−$24.8K −$1.26/SF
EGI
$329.5K $16.74/SF
− OpEx
−$98.9K −$5.02/SF
NOI
$230.7K $11.72/SF
Area
Washington County, MN
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,613,620
Cap Rate 7%
$3,295,443
Cap Rate 9%
$2,563,122
Alternative Uses
Best Use
Retail
$3.30M
$2.88M – $3.84M
NOI $230,681 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.47M
$4.78M – $6.38M
NOI $382,771 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Home Improvements & Furnishings 17%
Beauty & Spa 5%
Carmine's
Dining
6,050 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,292 visits/mo
0.2 miles
Cost Cutters
Beauty & Spa
359 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 19,686 SF retail property built in 2006, 100% occupied.
Where is this strip mall located?
The property is located at 2110 Eagle Creek Ln Woodbury, MN.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 100% Occupied; Annual Income: $300,699.67; Opportunity to Increase Rents
