3340 Sherman Ct, Eagan, MN 55121
Well-maintained, fully occupied medical/professional office building in Eagan, Minnesota.
- Added:
- Jan 23, 2026
- Days on Market:
- 163
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 3340 Sherman Ct
General Information
- Standard status
- Active
- Size
- 8,192 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing office Norton Realty
Listing date Jan 23, 2026
Source Crexi
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 Norton Realty
HighLights
- 7.8% in‑place cap rate with stable income
- Long‑term anchor tenancy (Smile Doctors/Lakeside Orthodontics)
- 100% occupied with three tenants
- Excellent access to I‑35E and strong visibility
- Ample on‑site parking
- Near‑term flexibility for renewal or re‑tenanting with lower‑level tenants
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.8k | $30.00 |
| − Vacancy | −$10.6k | −$1.29 |
| EGI | $235.2k | $28.71 |
| − OpEx | −$94.1k | −$11.48 |
| NOI | $141.1k | $17.23 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Companion Animal Hospital — 1321 Duckwood Dr, Eagan, MN 55123
- Petco Vaccination Clinic — 1505 Central Park Commons Dr #100, Eagan, MN 55121
- Banfield Pet Hospital — 1278 Town Centre Dr #195, Eagan, MN 55123
Location Insight
- Map
- Local Demand
- City
- Eagan
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.1639943
- Latitude
- 44.8356414
