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Property profile & analytics
OFF-MARKET
Estimated value
$11,420,000
Office Spaces
2620 Eagan Woods Dr Eagan, MN 55121-1138
Entity Owned
6-yr Hold
Free & Clear
Property ID
US46-1963539
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2016
Construction
CONCRETE
Total area
70,000 SF
Lot
4.19 ac (182,607 SF)
APN
10-22552-01-010
UPID
US46-1963539
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
$14.25M
Comparable Approach
Comparable
$11.79M
Blend (final)
Blend
$11.42M
Owner & transaction history
Hsre 2620 Eagan Mob LLC · 6 yrs held
Hsre 2620 Eagan Mob LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+92.8%
Auto repair, garage
$14.2M
+85.1%
Neighborhood: shopping center
$11.7M
+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 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%
$15,435,000
6.5%
$14,250,000
7%
$13,230,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,665,000
Current use
RESTAURANT
$14,780,000
Change: +93% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,185,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,745,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$10,315,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$8,065,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$7,155,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$11.42M
Range $10.28M – $12.56M · ±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
$163 / 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
$379,422
Tax year 2023
Assessed value
$14,180,200
Assessed 2022
Previous assessed
$13,682,300
+3.6% YoY
Effective rate
2.68%
On assessed value
Assessed land
$2,109,100
Assessed improvement
$12,071,100
Land market value
$2,109,100
Improvement market value
$12,071,100
Total market value
$14,180,200
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Total area
70,000 SF
Lot
4.19 ac (182,607 SF)
APN
10-22552-01-010
UPID
US46-1963539
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
$7.7M
RESTAURANT
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$7.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2016
Construction
CONCRETE
Heating
NONE
Lot
4.19 ac
Current owner
From public records · entity-resolved
Hsre 2620 Eagan Mob LLC
Entity
Free & Clear · 6 yrs held
Mailing address
HARRISON ST REAL EST, CHICAGO, IL 60606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2019
$13,869,452
Hsre 2620 Eagan Mob LLC
Kara-mia LLC
Grant Deed
—
Aug 1, 2019
$6,122,552
Hsre 2620 Eagan Mob LLC
Pierre LLC
Grant Deed
—
Jul 19, 2019
$500
Terrain Holdings LLC
Eagan Woods I LLC
Quit Claim Deed
related
—
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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