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    1565 Cliff Rd Eagan, MN 55122
    Property profile & analytics

    1565 Cliff Rd, Eagan, MN 55122

    View on Map
    • Strip malls
    • 42,923 SF
    • 5.80 lot acres
    For Lease
    $4,895,000
    View Listing →
    Eagan Retail Space Available For Lease
    $4,895,000
    4,795 SF

    Eagan Retail Space Available

    Retail space available for lease in Eagan, Minnesota.

    1565 Cliff Rd, Eagan, MN
    View Listing
    Property ID
    US46-1003029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1565 Cliff Rd

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    5.80 lot acres
    Zone code
    R
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10-75925-01-010
    APU
    107592501010

    Description

    Thomas Lake Center offers a fantastic 841-square-foot retail space for lease in the thriving city of Eagan, Minnesota. Situated at 1565 Cliff Rd, zip code 55122, this multi-tenant shopping center boasts a convenient location just off Cliff Road, providing excellent visibility and accessibility. The property is classified as a retail storefront within a larger shopping center, ideal for a variety of businesses. Suite 13 presents a single, readily available space, perfect for entrepreneurs seeking a well-positioned retail presence. The center features ample parking, catering to both tenants and customers, ensuring a convenient shopping experience. The surrounding area is densely populated, offering a substantial customer base for any retail operation. Located in Dakota County, Minnesota, this property benefits from a strong local economy and a high concentration of potential customers. The space's 841 square feet provide ample room for a variety of retail configurations, making it a versatile option for various business models. This is an exceptional opportunity to establish or expand a retail business in a high-traffic, desirable location. Contact us today to learn more about leasing this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $7,325,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.179
    Latitude
    44.7911
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $184,962
    $2,640,900
    $3,827,700
    $6,468,600
    -
    $2,640,900
    $3,827,700
    $6,468,600

    Comparable in this City

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      8,075 SF

      2040 Clf Rd

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      1964 Rahncliff Ct

      SHOPPING CENTER, STRIP CENTER
      1964 Rahncliff Ct, Eagan, MN 55122
      View Details
    • Value Estimation
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      39,920 SF

      1959 Silver Bell Rd

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      View Details
    • Value Estimation
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      1965 Clf Lk Rd

      SHOPPING CENTER, STRIP CENTER
      1965 Clf Lk Rd, Eagan, MN 55122-2590
      View Details
    • Value Estimation
      $1,945,000
      15,120 SF

      3450 Pilot Knob Rd

      SHOPPING CENTER, STRIP CENTER
      3450 Pilot Knob Rd, Eagan, MN 55122-3825
      View Details

    Similar Nearby for Sale

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      Eagan Retail and Medical Center

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      Cliff Lake Centre Retail Opportunity

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      View Details
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      Eagan Retail Center For Sale

      Retail center with high visibility and convenient access in Eagan.
      2040 Cliff Rd, Eagan, MN 55122
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    • $3,995,000

      Renovated Retail Building in Eagan

      Renovated 22,240 SF retail building with long-term tenant.
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      View Details
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      Eagan Commercial Property for Sale

      Commercial property suitable for clinics, offices, schools, and more.
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    Similar Nearby for Lease

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      Eagan Retail Space Available

      Prime Eagan storefront, high traffic area.
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      View Details
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      879 SF

      Retail Space in Mixed-Use Center

      Retail space available in a conveniently located mixed-use center.
      3908-3928 Cedar Grove Pkwy, Eagan, MN 55122
      View Details
    • Contact for pricing
      2,831 SF

      Retail Space in Eagan, MN

      Retail space for lease in a busy Eagan location.
      2113-2149 Cliff Rd, Eagan, MN 55122
      View Details
    • Contact for pricing

      Retail Space in Eagan Center

      Endcap space in a bustling neighborhood retail strip center.
      1629 Lena Ct, Eagan, MN 55122
      View Details
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      Retail Space with Great Visibility

      Retail space in Eagan with high visibility and easy access.
      3565 Pilot Knob Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      2,100 SF

      Eagan Automotive Retail Opportunity

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      1570 Thomas Center Dr, Eagan, MN 55122
      View Details
    View Listing
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    Eagan, MN 55122
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    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.

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