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Property profile & analytics
OFF-MARKET
Estimated value
$10,045,000
Community centers
1278 Town Ctr Dr, Eagan, MN 55123-6400
Entity Owned
Free & Clear
Property ID
US46-0545891
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
CONCRETE
Total area
97,109 SF
Lot
9.57 ac (416,869 SF)
Zoning code
R
APN
10-77026-01-020
UPID
US46-0545891
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
$10.05M
Owner & transaction history
Cpus Eagan Town Centre LLC
Cpus Eagan Town Centre LLC
since 2026
5 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$16,295,000
Current use
MEDICAL BUILDING
$14,305,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.05M
Range $9.04M – $11.05M · ±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
$103 / 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
$409,248
Tax year 2023
Assessed value
$16,798,200
Assessed 2022
Previous assessed
$16,465,700
+2.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$5,042,400
Assessed improvement
$11,755,800
Land market value
$5,042,400
Improvement market value
$11,755,800
Total market value
$16,798,200
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Bathrooms
24
Total area
97,109 SF
Lot
9.57 ac (416,869 SF)
Zoning code
R
APN
10-77026-01-020
UPID
US46-0545891
Jurisdiction
DAKOTA
Zoning & alternative use
R · Eagan, MN
Zoning R · permitted uses
R · Eagan, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.3M
MEDICAL BUILDING
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Construction
CONCRETE
Heating
NONE
Bathrooms
24
Lot
9.57 ac
Current owner
From public records · entity-resolved
Cpus Eagan Town Centre LLC
Entity
Free & Clear · 0 yrs held
Mailing address
515 CONGRESS AVE STE #1925, AUSTIN, TX 78701-0024
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$23,552,851
Cpus Eagan Town Centre LLC
Erep Eagan I LLC
Special Warranty Deed
—
Feb 14, 2024
—
Prime Fin Short Duration Hldg Co Vi
—
Deed
related
—
Jan 11, 2024
—
Erep Eagan I LLC
—
Deed
related
$90,425 · Prime Finance Short Duration Holding Com
Apr 10, 2017
$21,605,085
Erep Eagan I LLC
Sdc Eagan Town Center INC
Trustees Deed
$14,000,000 · Bank Of America
Feb 18, 2004
$19,252,351
Sdc Eagan Town Center INC
Eagan Shopping Center INC
Grant Deed
related
—
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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