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Property profile & analytics
OFF-MARKET
Estimated value
$9,415,000
Showrooms
1675 Meadowview Rd, Eagan, MN 55121-4503
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1985108
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2013
Total area
77,750 SF
Lot
7.21 ac (314,165 SF)
APN
10-48175-01-020
UPID
US46-1985108
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
$8.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$9.42M
Owner & transaction history
Mnjv Meadow View LLC · 4 yrs held
Mnjv Meadow View LLC
since 2022
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.1M
+121.6%
Medical building
$11.5M
+94.6%
Warehouse, storage
$9.0M
+52.2%
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
$9,380,000
ML approach
$8,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,050,000
Change: +122% · Conversion: Difficult
MEDICAL BUILDING
$11,455,000
Change: +95% · Conversion: Easy
WAREHOUSE, STORAGE
$8,960,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$8,510,000
Change: +45% · Conversion: Easy
RETAIL STORES
$7,950,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$9.42M
Range $8.47M – $10.36M · ±10% · vs last sale $10.60M (Jun 3 2022)
Last sale anchor
$10.60M
Jun 3 2022
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
$121 / 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
$200,650
Tax year 2023
Assessed value
$7,286,300
Assessed 2022
Previous assessed
$7,286,300
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$994,900
Assessed improvement
$6,291,400
Land market value
$994,900
Improvement market value
$6,291,400
Total market value
$7,286,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2013
Heating
NONE
Total area
77,750 SF
Lot
7.21 ac (314,165 SF)
APN
10-48175-01-020
UPID
US46-1985108
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
COMMERCIAL (GENERAL) Current
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
MEDICAL BUILDING
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES
Est. value
$8.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2013
Heating
NONE
Lot
7.21 ac
Current owner
From public records · entity-resolved
Mnjv Meadow View LLC
Entity
Mailing address
5050 LINCOLN DR STE #420, EDINA, MN 55436-1168
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
—
Mnjv Meadow View LLC
—
Deed
related
$202,710,000 · Truist Bank
Jun 3, 2022
$10,600,000
Mnjv Meadow View LLC
Brian Leitgeb
Limited Warranty Deed
$6,836,000 · Bridgewater Bank
Jul 13, 2018
$701,500
Meadow View Industrial LLC
Hill Partners LLC
Warranty Deed
—
Jul 13, 2018
$7,800,000
Leitgeb,irwin Trust
Meadow View Industrial LLC
Grant Deed
$3,800,000 · Wells Fargo Bk
Dec 30, 2013
—
Hill Partners LLC
Romsaas,jack & Charlene
Grant Deed
related
—
Sep 12, 2013
$701,500
Meadow View Industrial LLC|valley Building
Valley Building Products Co
Dual Purpose Document
related
$691,500 · Valley Building Products Co
Aug 1, 2013
—
Valley Building Products Co
Sowles Properties LP
Quit Claim Deed
related
—
—
—
Meadow View Industrial LLC
—
Loan Modification
related
$691,500 · Hill Partners LLC
—
—
Meadow View Industrial LLC
—
Loan Modification
related
$4,500,000 · Associated Bk
—
—
Meadow View Industrial LLC
—
Loan Modification
related
$4,500,000 · Associated 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.
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