Add Listing
    For Sale
    • 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

    3285 Northwood Cir Eagan, MN 55121

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Flex space available for sale in Eagan, Minnesota.

    Type:Industrial, Office
    Property size:
    44,511 SF
    Added:
    Aug 13, 2020
    Days on Market:
    2064
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 3285 Northwood Cir

    General Information

    Standard status
    Active
    Size
    44,511 SF
    Property subtype
    Industrial, Office

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Phil Simonet

    Listing agent Phil Simonet License #MN 40144144

    Listing office Forte Real Estate Partners, LLC

    Listing date Aug 13, 2020

    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 Forte Real Estate Partners, LLC

    Overview

    Eagan Flex Space Available

    A 44,511-square-foot flex space property is available for sale in Eagan, Minnesota. The property is suitable for commercial real estate, including flex space, industrial, warehouse, and office uses.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Restaurant Hotel & Motel Building Supply Real Estate Agency Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1506088
    Latitude
    44.8389515

    Nearby Similar for Sale

    • $2,275,000

      Eagan Medical/Professional Office Building

      Well-maintained Eagan medical/professional office building with stable income.
      3340 Sherman Court, Eagan, MN 55121
      View Details
    • $775,000

      Eagan Commercial Building with Exposure

      Well-maintained commercial building with high visibility and ample parking.
      3345 Lexington Avenue S, Eagan, MN 55121
      View Details
    • $1,500,000

      Eagan Multi-Use Commercial Property

      Commercially zoned property with leasing contracts included in sale.
      1708 Meadowview Road, Eagan, MN 55121
      View Details
    • $4,500,000
      10,018 SF

      Eagan Retail and Medical Center

      Stabilized Class A med-retail investment opportunity in Eagan, Minnesota.
      1992 - 2000 Rahncliff Court, Eagan, MN, 55122
      View Details
    • $586,800
      3,912 SF

      Eagan Freestanding Commercial Building

      Versatile commercial building in Eagan with redevelopment potential.
      4040 Nicols Rd, Eagan, MN
      View Details
    • $1,900,000
      5,056 SF

      Former Fire Station Opportunity

      Versatile building on 2.73 acres, ideal for medical space.
      4701 Galaxie Ave, Eagan, MN
      View Details
    • $8,900,000
      5,809 SF

      Eagan Office Space with Amenities

      Office space in Eagan with fitness centers and walking trails.
      930 Blue Gentian Rd, Eagan, MN
      View Details
    • $8,500,000
      64,123 SF

      Eagan Industrial Property For Sale

      64,123 SF industrial property in Eagan, Minnesota.
      1256 Trapp Rd, Eagan, MN
      View Details
    • $2,275,000
      8,192 SF

      Eagan Medical/Professional Office Building

      Well-maintained, fully occupied medical/professional office building in Eagan, Minnesota.
      3340 Sherman Ct, Eagan, MN 55121
      View Details
    • $2,100,000
      20,356 SF

      Single Tenant Valley Motor Sports

      100% occupied property in Eagan, MN for sale.
      3380 Dodd Rd, Eagan, MN 55121
      View Details
    • $5,750,000
      11,645 SF

      Eagan Retail Space For Rent

      Retail space in Eagan, Minnesota with high traffic volume.
      4270 Lexington Ave S, Eagan, MN
      View Details
    • $875,000
      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?
    Flex space - Flex space available for sale in Eagan, Minnesota.
    Where is this flex space located?
    The property is located at 3285 Northwood Cir Eagan, MN.
    What are key features of this property?
    This property features: Year Built: 2001
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Phil Simonet
    Real Estate License ID: MN 40144144
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!