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Property profile & analytics
OFF-MARKET
Estimated value
$8,470,000
Strip malls
2125 Clf Dr, Eagan, MN 55122
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-0787035
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
CONCRETE
Total area
38,765 SF
Lot
4.28 ac (186,437 SF)
Zoning code
R
APN
10-16620-02-010
UPID
US46-0787035
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
$7.74M
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$8.47M
Owner & transaction history
Nrp Cedar Cliff LLC
Nrp Cedar Cliff LLC
since 2025
Last sale
$10.2M
2 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+25.8%
Auto repair, garage
$7.9M
+20.8%
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%
$8,380,000
6.5%
$7,735,000
7%
$7,185,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,505,000
Current use
RESTAURANT
$8,185,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,855,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$5,710,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$8.47M
Range $7.62M – $9.32M · ±10% · vs last sale $10.15M (Jul 28 2025)
Last sale anchor
$10.15M
Jul 28 2025
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
$218 / 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
$163,644
Tax year 2023
Assessed value
$5,759,500
Assessed 2022
Previous assessed
$5,618,800
+2.5% YoY
Effective rate
2.84%
On assessed value
Assessed land
$1,947,500
Assessed improvement
$3,812,000
Land market value
$1,947,500
Improvement market value
$3,812,000
Total market value
$5,759,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
NONE
Bathrooms
15
Total area
38,765 SF
Lot
4.28 ac (186,437 SF)
Zoning code
R
APN
10-16620-02-010
UPID
US46-0787035
Jurisdiction
DAKOTA
Zoning & alternative use
R · Eagan, MN
Zoning R · permitted uses
R · Eagan, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.5M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1984
Construction
CONCRETE
Heating
NONE
Bathrooms
15
Lot
4.28 ac
Current owner
From public records · entity-resolved
Nrp Cedar Cliff LLC
Entity
Mailing address
900 3RD ST N, MINNEAPOLIS, MN 55401-1017
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
$10,150,000
Nrp Cedar Cliff LLC
Srrt Cc Outlot LLC
Deed
$82,661,250 · Teachers Nsurance And Annuity Assoc
Jan 9, 2018
—
Ccre LLC
—
Grant Deed
related
$6,440,000 · Bridgewater 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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