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Property profile & analytics
FOR LEASE
Distribution centers
1230 Eagan Industrial Rd, Eagan, MN 55121
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US46-1981290
For Lease
1 / 5
$11,375,000
1230 Eagan Industrial Rd, Eagan, MN 55121
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
59,450 SF
Lot
5.19 ac (225,901 SF)
APN
10-22500-03-025
UPID
US46-1981290
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
$12.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.38M
Owner & transaction history
Icon Eagandale Owner Pool 2 We · 8 yrs held
Icon Eagandale Owner Pool 2 We
since 2017
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+83.2%
Auto repair, garage
$12.1M
+75.9%
Neighborhood: shopping center
$10.0M
+45.7%
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%
$13,070,000
6.5%
$12,065,000
7%
$11,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,850,000
Current use
RESTAURANT
$12,550,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,050,000
Change: +76% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,975,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$8,760,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$11.38M
Range $10.24M – $12.51M · ±10% · vs last sale $13.50M (Mar 16 2025)
Last sale anchor
$13.50M
Mar 16 2025
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
$191 / 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
$109,368
Tax year 2023
Assessed value
$4,000,000
Assessed 2022
Previous assessed
$4,000,000
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,016,600
Assessed improvement
$2,983,400
Land market value
$1,016,600
Improvement market value
$2,983,400
Total market value
$4,000,000
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
1985
Heating
NONE
Total area
59,450 SF
Lot
5.19 ac (225,901 SF)
APN
10-22500-03-025
UPID
US46-1981290
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
$6.9M
RESTAURANT
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
MEDICAL BUILDING
Est. value
$8.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1985
Heating
NONE
Lot
5.19 ac
Current owner
From public records · entity-resolved
Icon Eagandale Owner Pool 2 We
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
—
Icon Eagandale Owner Pool 2 We
—
Deed
related
$18,121,700 · Wellsfargobankna
Mar 20, 2024
—
Icon Eagandale Owner Pool 2 West No
—
Deed
related
$100,000,000 · Citi Real Estate Funding INC
Oct 4, 2019
—
Icon Eagandale Owner Pool 2 We
—
Deed
related
$19,175,757 · Jp Morgan Chase Bk
Sep 13, 2017
—
Icon Eagandale Owner Pool 2 We
Icon Dp Md Owner Pool 2 West/n
Quit Claim Deed
related
$385,000,000 · Miscellaneous Ins Co
Mar 12, 2015
$21,106,682
Icon Dp Md Owner Pool 2 West & N
Bre Of Dp Mn LLC
Grant Deed
—
Jun 29, 2012
$14,200,000
Bre Of Dp Mn LLC
Dexus Quad Prairie Busn Center
Trustees Deed
$50,000,000 · General Elec Cap
—
—
Icon Dp Md Owner Pool 2 West & N
—
Deed Of Trust
related
$750,000,000 · Goldman Sachs Bk USA
—
—
Icon Eagandale Owner Pool 2 We
—
Deed Of Trust
related
$19,175,757 · Jp Morgan Chase Bk
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
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