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Property profile & analytics
FOR LEASE
Office buildings
2060 Centre Pointe Blvd, Mendota Heights, MN 55120
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-1125623
For Lease
1 / 2
$14 SF/Yr
2060 Centre Pointe Blvd, Mendota Heights, MN 55120
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
42,600 SF
Lot
4.39 ac (191,228 SF)
APN
27-88100-02-011
UPID
US46-1125623
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
$5.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$5.76M
Owner & transaction history
Cp Mendota Heights LLC · 4 yrs held
Cp Mendota Heights LLC
since 2022
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+92.8%
Auto repair, garage
$8.6M
+85.1%
Neighborhood: shopping center
$7.2M
+53.3%
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 Mendota Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mendota Heights 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
$5,330,000
ML approach
$5,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,665,000
Current use
RESTAURANT
$8,995,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,635,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,150,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$6,275,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$4,910,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$4,355,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,915,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.76M
Range $5.18M – $6.33M · ±10% · vs last sale $6.02M (Apr 28 2022)
Last sale anchor
$6.02M
Apr 28 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
$135 / 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
$105,160
Tax year 2023
Assessed value
$3,546,000
Assessed 2022
Previous assessed
$3,546,000
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$894,000
Assessed improvement
$2,652,000
Land market value
$894,000
Improvement market value
$2,652,000
Total market value
$3,546,000
Applied tax rate
27.0000
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 Lease
Year built
1997
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Total area
42,600 SF
Lot
4.39 ac (191,228 SF)
APN
27-88100-02-011
UPID
US46-1125623
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
$4.7M
RESTAURANT
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
CONCRETE
Heating
NONE
Bathrooms
12
Lot
4.39 ac
Current owner
From public records · entity-resolved
Cp Mendota Heights LLC
Entity
Mailing address
5201 EDEN AVE STE #50, EDINA, MN 55436-2367
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$6,022,833
Cp Mendota Heights LLC
Lexington Business Park Viii LLC
Limited Warranty Deed
$28,244,601 · Wings Financial Cu
Oct 11, 2019
—
Lexington Business Park II LLC
—
Deed
related
$2,225,000 · North American Bkng
Sep 26, 2019
—
Lexington Business Park LLC
—
Deed
related
$3,000,000 · Johnson Bk
—
—
Lexington Business Park LLC
—
Deed Of Trust
related
$3,000,000 · Johnson Bk
—
—
Lexington Business Park II LLC
—
Deed Of Trust
related
$2,225,000 · North American Bkng
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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