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Property profile & analytics
FOR LEASE
Distribution centers
1020 Discovery Rd Eagan, MN 55121
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-3202024
For Lease
1 / 2
$12.50 SF/Yr
1020 Discovery Rd, Eagan, MN 55121
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
CONCRETE
Total area
80,104 SF
Lot
6.59 ac (287,060 SF)
APN
10-22518-01-020
UPID
US46-3202024
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
by Request
Blend (final)
Blend
$7.38M
Owner & transaction history
Indl 2 Acquisition L Firstcal · 20 yrs held
Indl 2 Acquisition L Firstcal
since 2005
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.8M
+27.9%
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
WAREHOUSE, STORAGE
$9,230,000
Current use
MEDICAL BUILDING
$11,800,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$8,770,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$8,190,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±10%
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
$92 / 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
$201,532
Tax year 2023
Assessed value
$7,053,900
Assessed 2022
Previous assessed
$7,010,600
+0.6% YoY
Effective rate
2.86%
On assessed value
Assessed land
$1,291,400
Assessed improvement
$5,762,500
Land market value
$1,291,400
Improvement market value
$5,762,500
Total market value
$7,053,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
11
Total area
80,104 SF
Lot
6.59 ac (287,060 SF)
APN
10-22518-01-020
UPID
US46-3202024
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
WAREHOUSE, STORAGE Current
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$11.8M
OFFICE BUILDING
Est. value
$8.8M
RETAIL STORES
Est. value
$8.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
11
Lot
6.59 ac
Current owner
From public records · entity-resolved
Indl 2 Acquisition L Firstcal
Individual
Free & Clear · 20 yrs held
Mailing address
1625 ENERGY PARK DR STE #100, SAINT PAUL, MN 55108-2735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
—
Eagandale Corp LLC
—
Deed
related
$5,660,992 · Bremer Bk NA
Aug 1, 2017
—
Eagandale Corp LLC
—
Deed
related
$5,661,092 · Bremer Bk
Oct 20, 2005
$16,663,030
Indl 2 Acquisition L Firstcal
Duke Realty
Grant Deed
—
—
—
Eagandale Corp LLC
—
Deed Of Trust
related
$6,775,000 · Bremer Bank NA
—
—
Eagandale Corp LLC
—
Loan Modification
related
$5,661,092 · Bremer Bk
—
—
Eagandale Corp LLC
—
Loan Modification
related
$5,660,992 · Bremer Bk NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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