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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2700 Lone Oak Pkwy Eagan, MN 55121

    • Apartment buildings
    • 241,510 SF
    OFF-MARKET
    Value Estimations
    $23,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1612479
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2700 Lone Oak Pkwy

    Year built
    2020
    Construction
    CONCRETE
    Property size
    241,510 SF
    Property type
    Apartment buildings
    APN
    10-82013-01-030
    APU
    108201301030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $30,840,000
      Market price range: $13.5M - $30.8M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $22,205,000
      Current use
      MEDICAL BUILDING
      $35,580,000
      Change: +60% Conversion: Moderate
      WAREHOUSE, STORAGE
      $27,825,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $26,440,000
      Change: +19% Conversion: Moderate
      RETAIL STORES
      $24,690,000
      Change: +11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.121
    Latitude
    44.8573
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $580,318
    $3,649,200
    $51,646,200
    $55,295,400
    -
    $3,649,200
    $51,646,200
    $55,295,400

    Comparable in this City

    • Value Estimation
      $24,395,000
      291,589 SF

      1555 Quarry Rd

      APARTMENT HOUSE (100+ UNITS) • 291,589 SF
      1555 Quarry Rd, Eagan, MN 55121-3500
      View Details
    • Value Estimation
      $800,000
      206,818 SF

      3345 Sherman Ct

      APARTMENT HOUSE (100+ UNITS) • 206,818 SF
      3345 Sherman Ct, Eagan, MN 55121-5102
      View Details
    • Value Estimation
      $7,800,000
      79,060 SF

      1340 High Site Dr

      APARTMENT HOUSE (100+ UNITS) • 79,060 SF
      1340 High Site Dr, Eagan, MN 55121-2100
      View Details
    • Value Estimation
      $635,000
      5,408 SF

      3160 Riverview Ave

      APARTMENT HOUSE (5+ UNITS) • 5,408 SF
      3160 Riverview Ave, Eagan, MN 55121-5200
      View Details
    • Value Estimation
      $7,900,000
      80,058 SF

      3367 Coachman Rd

      APARTMENT HOUSE (100+ UNITS) • 80,058 SF
      3367 Coachman Rd, Eagan, MN 55121-1861
      View Details
    • Value Estimation
      $2,945,000
      83,438 SF

      2977 Lexington S Ave

      APARTMENT HOUSE (5+ UNITS) • 83,438 SF
      2977 Lexington S Ave, Eagan, MN 55121-1473
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      210,468 SF

      Eagan Warehouse Facility For Sale

      Well-maintained warehouse in Eagan with easy access to major routes.
      1720 Alexander Rd, Eagan, MN 55121
      View Details
    • Contact for pricing

      Vacant Land Near Metro Storage

      Vacant land with Dodd Road frontage, near Viking Lakes.
      3200 Dodd Rd, Eagan, MN 55121
      View Details
    • $1,500,000
      0.90 Acres

      Eagan Multi-Use Commercial Property

      Multi-use commercial property in Eagan, MN with leasing contracts.
      1708 Meadowview Rd, Eagan, MN 55121
      View Details
    • $915,900
      1.00 Acre

      Eagan Development Lot: Prime Location

      1-Acre Commercial Land, RD Zoning, Eagan, MN
      1515 Central Pkwy, Eagan, MN 55121
      View Details
    • Contact for pricing
      44,511 SF

      Eagan Office Building: 44,511 SF

      Single-story office, flex, & R&D space. Prime Eagan location.
      3285 Northwood Cir, Eagan, MN 55121
      View Details
    • $950,000
      4,308 SF

      Eagan Office Building - Great Investment

      Prime Eagan location, renovated office building, high visibility.
      3345 Lexington Ave, Eagan, MN 55121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,170 SF

      Eagan Industrial Space Available

      4,488 SF Warehouse/Flex Space in Eagan, MN
      1285 Corporate Center Dr, Eagan, MN 55121
      View Details
    • Contact for pricing
      61,780 SF

      Eagandale Business Campus Space

      MN Industrial Space: Flexible options available.
      1301 Corporate Center Dr, Eagan, MN 55121
      View Details
    • Contact for pricing
      781 SF

      Eagan Office Space For Rent

      Office space available in Eagan, close to amenities.
      1466-1480 Yankee Doodle Rd, Eagan, MN 55121
      View Details
    • Contact for pricing
      5,628 SF

      Eagan Office Space with Amenities

      Office space available with fitness centers, walking trails, and more.
      2805 Dodd Rd, Eagan, MN 55121
      View Details
    • Contact for pricing
      8,154 SF

      Eagan Flex Space Available

      High-image business park with excellent I-494 visibility.
      875 Blue Gentian Rd, Eagan, MN 55121
      View Details
    • Contact for pricing
      13,513 SF

      Eagan Office-Showroom Flex Space

      77,243 SF office-showroom in Eagan business park.
      2945 Lone Oak Dr, Eagan, MN 55121
      View Details
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    Eagan, MN 55121
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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