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Property profile & analytics
OFF-MARKET
Estimated value
$38,435,000
Office buildings
1000 Blue Gentian Rd Eagan, MN 55121-1663
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0930155
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
CONCRETE
Total area
300,000 SF
Lot
18.44 ac (803,246 SF)
APN
10-71375-01-020
UPID
US46-0930155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.42M
Blend (final)
Blend
$38.44M
Owner & transaction history
Scc Real Estate LLC · 8 yrs held
Scc Real Estate LLC
since 2017
Last sale
$44.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$63.3M
+92.8%
Auto repair, garage
$60.8M
+85.1%
Neighborhood: shopping center
$50.3M
+53.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eagan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eagan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,845,000
Current use
RESTAURANT
$63,335,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$60,800,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$50,345,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$44,200,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$34,565,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$30,670,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$27,585,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$38.44M
Range $34.59M – $42.28M · ±10% · vs last sale $44.00M (May 16 2024)
Last sale anchor
$44.00M
May 16 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$757,516
Tax year 2023
Assessed value
$28,051,300
Assessed 2022
Previous assessed
$28,051,300
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$4,620,100
Assessed improvement
$23,431,200
Land market value
$4,620,100
Improvement market value
$23,431,200
Total market value
$28,051,300
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Total area
300,000 SF
Lot
18.44 ac (803,246 SF)
APN
10-71375-01-020
UPID
US46-0930155
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$32.8M
RESTAURANT
Est. value
$63.3M
AUTO REPAIR, GARAGE
Est. value
$60.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$50.3M
MEDICAL BUILDING
Est. value
$44.2M
WAREHOUSE, STORAGE
Est. value
$34.6M
RETAIL STORES
Est. value
$30.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Lot
18.44 ac
Current owner
From public records · entity-resolved
Scc Real Estate LLC
Entity
Mailing address
400 WATER ST STE #200, EXCELSIOR, MN 55331-3001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2017
—
Scc Real Estate LLC
Spectrum Commerce Center LLC
Limited Warranty Deed
$35,719,125 · Acore Capital Mortgage LP
Mar 21, 2005
$500
Spectrum Commerce Center LLC
Spectrum Investment Group LLC
Quit Claim Deed
related
—
—
—
Spectrum Commerce Center LLC
—
Deed Of Trust
related
$37,000,000 · Merrill Lynch Mortgage Lending
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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