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Property profile & analytics
FOR LEASE
Office buildings
2900 Lone Oak Pkwy Eagan, MN 55121
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0042404
For Lease
1 / 6
Contact for pricing
2900 Lone Oak Pkwy, Eagan, MN 55121
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE
Total area
92,500 SF
Lot
11.58 ac (504,425 SF)
APN
10-14577-01-010
UPID
US46-0042404
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
$7.54M
Blend (final)
Blend
$8.98M
Owner & transaction history
Bogey Free Properties LLC · 1 yrs held
Bogey Free Properties LLC
since 2025
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.6M
+34.6%
Warehouse, storage
$10.7M
+5.2%
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
OFFICE BUILDING
$10,125,000
Current use
MEDICAL BUILDING
$13,630,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$10,655,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$9,455,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,505,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$8.98M
Range $8.08M – $9.88M · ±10% · vs last sale $11.18M (Jan 2 2025)
Last sale anchor
$11.18M
Jan 2 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
$97 / 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
$188,810
Tax year 2023
Assessed value
$7,097,600
Assessed 2022
Previous assessed
$7,170,100
-1.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$3,177,500
Assessed improvement
$3,920,100
Land market value
$3,177,500
Improvement market value
$3,920,100
Total market value
$7,097,600
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
13
Total area
92,500 SF
Lot
11.58 ac (504,425 SF)
APN
10-14577-01-010
UPID
US46-0042404
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
$10.1M
MEDICAL BUILDING
Est. value
$13.6M
WAREHOUSE, STORAGE
Est. value
$10.7M
RETAIL STORES
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
OFFICE BUILDING Current
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
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
13
Lot
11.58 ac
Current owner
From public records · entity-resolved
Bogey Free Properties LLC
Entity
Mailing address
5201 EDEN AVE STE #50, EDINA, MN 55436-2367
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Bogey Free Properties LLC
—
Deed
related
$8,381,250 · Royal Cu
Apr 2, 2025
$11,175,000
Bogey Free Properties LLC
Lone Oak LLC
Deed
$8,381,250 · Royal Cu
Sep 1, 2022
—
Lone Oak LLC
—
Deed
related
$1,000,000 · Bridgewater Bank
Aug 29, 2022
—
Lone Oak LLC
—
Deed
related
$1,000,000 · Bridgewater Bank
Jun 12, 2019
—
Lone Oak LLC
—
Deed
related
$4,095,000 · Bridgewater Bk
Jun 11, 2019
—
Lone Oak LLC
—
Deed
related
$4,095,000 · Bridgewater Bk
Apr 21, 2016
$5,885,000
Lone Oak LLC
Waters Ventures LLC
Grant Deed
$4,095,000 · Bridgewater Bk
Apr 15, 2016
$5,885,000
Lone Oak LLC
Waters Ventures LLC
Grant Deed
$4,095,000 · Bridgewater Bk
Mar 25, 2011
—
Dennis J Doyle
Waters Ventures LLC
Warranty Deed
related
—
Oct 17, 2006
$6,800,000
Waters Ventures LLC
Ids Life Insurance
Grant Deed
$7,040,000 · Us Bank NA
—
—
Lone Oak LLC
—
Loan Modification
related
$4,095,000 · Bridgewater Bk
—
—
Lone Oak LLC
—
Loan Modification
related
$4,095,000 · Bridgewater Bk
—
—
Boulder Lakes Wpt III
—
Loan Modification
related
$8,000,000 · Unum Life Ins Co America
—
—
Waters Ventures LLC
—
Deed Of Trust
related
$7,106,250 · Royal Cu
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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