Single-Tenant Medical Office
New
For Sale
Contact for pricing
4490 Erin Dr, Eagan, MN 55122
A net-leased practice location is occupied through a lease extending to 2033.
Property Size6,000 SF
Price / SF$183.33
Days on Market5
Property Features for 4490 Erin Dr
General Information
Standard status
Active
Size
6,000 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Cap Rate
7.84%
Highway Access
Yes
Office Units
1
Building Details
Buildings
1
Building Size
6,000 SF
Tenancy
Single
Listing Agency:
Suntide Commercial Realty, Inc.
(651) 603-0321
Listed By:
Andy Manthei · License #20366237
(651) 331-9136
Source:
Moodyscre
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 2:33PM
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 Suntide Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
This single-tenant medical office property contains approximately 6,000 square feet and is leased to Synapse Center for Health and Healing, a functional medicine and chiropractic practice. An early renewal extends the lease through July 31, 2033. The net lease places responsibility for interior maintenance, including HVAC, plumbing, electrical systems, and utilities, with the tenant; association dues and reserves cover exterior and common-area maintenance.
The building is one of five properties within an office condominium association and is reported as 100% occupied. The investment has a 7.84% cap rate. The Eagan property is close to retail, restaurants, and hotels, with regional access near Cedar Avenue/Hwy 77, I-35E, and Hwy 13.
The building is one of five properties within an office condominium association and is reported as 100% occupied. The investment has a 7.84% cap rate. The Eagan property is close to retail, restaurants, and hotels, with regional access near Cedar Avenue/Hwy 77, I-35E, and Hwy 13.
Key Highlights
- Approximately 6,000 square feet of medical office space
- Single‑tenant lease to Synapse Center for Health and Healing
- Lease extended through July 31, 2033
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,426
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,520
$1.5M
Cap Rate 7%
$1,063,229
$1.1M
Cap Rate 9%
$826,956
$827.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$133.9K $22.32/SF
− Vacancy
−$34.7K −$5.78/SF
EGI
$99.2K $16.54/SF
− OpEx
−$24.8K −$4.13/SF
NOI
$74.4K $12.40/SF
Area
Dakota County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,520
Cap Rate 7%
$1,063,229
Cap Rate 9%
$826,956
Alternative Uses
Best Use
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,356 @ 7.0% cap · market cap 9.40%
Second Best
Office B
$1.06M
$930.3K – $1.24M
NOI $74,426 @ 7.0% cap · market cap 6.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55122, MN
32,204
Population
13,965
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
2,982
Density / Sq Mi
$93,980
Median Household Income
$55,845
Median Earnings
$1,594
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eagan Pet Clinic — 4395 Rahn Rd, Eagan, MN 55122
- Jessica Schowalter, DVM — 4395 Rahn Rd, Eagan, MN 55122
Frequently Asked Questions
What type of property is this?
Medical Office Space - A net-leased practice location is occupied through a lease extending to 2033.
Where is this medical office space located?
The property is located at 4490 Erin Dr Eagan, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 6,000 square feet of medical office space; Single‑tenant lease to Synapse Center for Health and Healing; Lease extended through July 31, 2033
