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Property profile & analytics
FOR SALE
Office buildings
1915 Plaza Dr Eagan, MN 55122
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-3206142
For Sale
$4,030,000
1915 Plaza Dr, Eagan, MN 55122
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
47,250 SF
Lot
2.5 ac (108,900 SF)
APN
10-47265-01-010
UPID
US46-3206142
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
$3.86M
Blend (final)
Blend
$4.03M
Owner & transaction history
Plaza Drive LLC · 1 yrs held
Plaza Drive LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.4M
+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
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
OFFICE BUILDING
$5,175,000
Current use
WAREHOUSE, STORAGE
$5,445,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$4,830,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,345,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.03M
Range $3.63M – $4.43M · ±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
$85 / 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
$113,822
Tax year 2023
Assessed value
$4,024,100
Assessed 2022
Previous assessed
$3,950,100
+1.9% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,135,800
Assessed improvement
$2,888,300
Land market value
$1,135,800
Improvement market value
$2,888,300
Total market value
$4,024,100
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
For Sale
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Total area
47,250 SF
Lot
2.5 ac (108,900 SF)
APN
10-47265-01-010
UPID
US46-3206142
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
$5.2M
WAREHOUSE, STORAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING Current
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
2005
Construction
STEEL FRAME
Heating
NONE
Bathrooms
4
Lot
2.5 ac
Current owner
From public records · entity-resolved
Plaza Drive LLC
Entity
Mailing address
5707 EXCELSIOR BLVD, SAINT LOUIS PARK, MN 55416-2827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 22, 2025
—
Plaza Drive LLC
—
Deed
related
$200,000 · First State Bank & Trust
Jun 6, 2025
$4,100,000
Plaza Drive LLC
Dga Real Estate LLC
Deed
$3,075,000 · First State Bank & Trust
Feb 2, 2018
—
Dga Real Estate LLC
—
Deed
related
$3,010,000 · Associated Bk NA
Mar 15, 2006
—
Intercim INC
Dga Real Estate LLC
Grant Deed
related
—
Jan 10, 2006
$6,200,000
Dga Real Estate LLC
Commercial Property Dev Corp
Warranty Deed
$4,189,500 · Anchor Bank West St Paul NA
—
—
Dga Real Estate LLC
—
Deed Of Trust
related
$1,498,000 · Spedco
—
—
Dga Real Estate LLC
—
Deed Of Trust
related
$2,025,000 · Associated Bank
—
—
Dga Real Estate LLC
—
Loan Modification
related
$3,010,000 · Associated Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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