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Property profile & analytics
OFF-MARKET
Estimated value
$18,640,000
Distribution centers
2811 Beverly Rd Eagan, MN 55121-5501
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-0215707
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
CONCRETE
Total area
227,200 SF
Lot
14.78 ac (643,817 SF)
APN
10-11990-01-010
UPID
US46-0215707
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
$25.18M
Blend (final)
Blend
$18.64M
Owner & transaction history
Colfin 2016-4 Indl Owner LLC · 9 yrs held
Colfin 2016-4 Indl Owner LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
WAREHOUSE, STORAGE
$26,175,000
Current use
OFFICE BUILDING
$24,875,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$23,225,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$18.64M
Range $16.78M – $20.50M · ±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
$82 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$418,682
Tax year 2022
Assessed value
$15,661,500
Assessed 2022
Previous assessed
$15,661,500
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$2,672,800
Assessed improvement
$12,988,700
Land market value
$2,672,800
Improvement market value
$12,988,700
Total market value
$15,661,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
6
Total area
227,200 SF
Lot
14.78 ac (643,817 SF)
APN
10-11990-01-010
UPID
US46-0215707
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
WAREHOUSE, STORAGE Current
Est. value
$26.2M
OFFICE BUILDING
Est. value
$24.9M
RETAIL STORES
Est. value
$23.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2007
Construction
CONCRETE
Heating
NONE
Buildings
2
Bathrooms
6
Lot
14.78 ac
Current owner
From public records · entity-resolved
Colfin 2016-4 Indl Owner LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2016
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
May 5, 2026
—
Colfin 2016-4 Industrial Owner
—
Deed
related
$21,500,000
Dec 16, 2019
—
Colfin 2016-4 Indl Owner LLC
—
Deed
related
$76,100,000 · Miscellaneous Ins Co
Aug 12, 2016
$18,350,000
Colfin 2016-4 Indl Owner LLC
Realty Associates Fund Ix LP
Grant Deed
—
Jul 26, 2010
$13,000,000
Realty Associates Fund Ix LP
Atlas Of Minnesota INC
Grant Deed
related
—
—
—
Realty Associates Fund Ix LP
—
Deed Of Trust
related
$100,000,000 · Miscellaneous Ins Co
—
—
Realty Associates Fund Ix LP
—
Loan Modification
related
$92,200,000 · Miscellaneous Ins Co
—
—
Colfin 2016-4 Indl Owner LLC
—
Loan Modification
related
$76,100,000 · Miscellaneous Ins Co
—
—
Colfin 2016-4 Indl Owner LLC
—
Deed Of Trust
related
$220,000 · Miscellaneous Ins Co
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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