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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Office buildings
1895 Plz Dr Eagan, MN 55122-4600
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-3184083
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
24,432 SF
Lot
1.96 ac (85,378 SF)
APN
10-28702-01-020
UPID
US46-3184083
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
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.25M
Owner & transaction history
Thomas D Fleming · 5 yrs held
Thomas D Fleming
since 2021
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+34.6%
Warehouse, storage
$2.8M
+5.2%
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
$2,225,000
ML approach
$2,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,675,000
Current use
MEDICAL BUILDING
$3,600,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$2,815,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,500,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,245,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.30M (Jan 13 2021)
Last sale anchor
$2.30M
Jan 13 2021
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
$65,478
Tax year 2023
Assessed value
$2,340,200
Assessed 2022
Previous assessed
$2,281,800
+2.6% YoY
Effective rate
2.80%
On assessed value
Assessed land
$983,900
Assessed improvement
$1,356,300
Land market value
$983,900
Improvement market value
$1,356,300
Total market value
$2,340,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Total area
24,432 SF
Lot
1.96 ac (85,378 SF)
APN
10-28702-01-020
UPID
US46-3184083
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
OFFICE BUILDING Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Lot
1.96 ac
Current owner
From public records · entity-resolved
Thomas D Fleming
Individual
Mailing address
5520 SHADYSIDE LN, WHITE BEAR LAKE, MN 55110-2359
Ownership since
2021
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
Nov 25, 2025
—
Thomas D Fleming
—
Deed
related
$180,000 · Frandsen Bank & Trust
Jan 13, 2021
$2,300,000
Thomas D Fleming
Ted Glasrud Associates Mn LLC
Warranty Deed
$1,500,000 · Frandsen Bank & Trust
Aug 8, 2017
$1,700,000
Ted Glasrud Associates Mn LLC
Peoples Bk Of Commerce
Grant Deed
—
May 2, 2017
—
Peoples Bk Of Commerce
Navaho Building LLC
Warranty Deed
—
Apr 16, 2008
$3,610,960
Navaho Building LLC
Galaxie Ptshp LLC
Warranty Deed
$3,350,000 · Peoples Bank Of Commerce
—
—
Navaho Building LLC
—
Deed Of Trust
related
$3,151,744 · Peoples Bank Of Commerce
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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