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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Showrooms
2970 Lexington S Ave, Eagan, MN 55121-1420
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0271990
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
CONCRETE
Total area
20,916 SF
Lot
1.79 ac (77,972 SF)
Zoning code
R
APN
10-22501-00-151
UPID
US46-0271990
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
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.76M
Owner & transaction history
Av Lexington LLC · 1 yrs held
Av Lexington LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.4M
+52.2%
Office building
$2.3M
+44.6%
Retail stores
$2.1M
+35.0%
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
$1,500,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,585,000
Current use
WAREHOUSE, STORAGE
$2,410,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$2,290,000
Change: +45% · Conversion: Easy
RETAIL STORES
$2,140,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $2.00M (Oct 29 2024)
Last sale anchor
$2.00M
Oct 29 2024
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
$84 / 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
$45,052
Tax year 2023
Assessed value
$1,628,700
Assessed 2022
Previous assessed
$1,410,100
+15.5% YoY
Effective rate
2.77%
On assessed value
Assessed land
$351,000
Assessed improvement
$1,277,700
Land market value
$351,000
Improvement market value
$1,277,700
Total market value
$1,628,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
20,916 SF
Lot
1.79 ac (77,972 SF)
Zoning code
R
APN
10-22501-00-151
UPID
US46-0271990
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1975
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
1.79 ac
Current owner
From public records · entity-resolved
Av Lexington LLC
Entity
Mailing address
2970 LEXINGTON AVE S, EAGAN, MN 55121-1420
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$2,000,000
Av Lexington LLC
Columbia Precision Holdings INC
Deed
$1,500,000 · Northeast Bank
Sep 19, 2024
—
Columbia Precision Holdings INC
—
Deed
related
$161,538 · Northwest Bank
Nov 28, 2023
—
Columbia Precision Holdings INC
—
Deed
related
$150,000 · Northeast Bank
Jan 14, 2021
$1,550,000
Columbia Precision Holdings INC
Tandem Real Estate Holdings LLC
Warranty Deed
$787,500 · Northeast Bank
Jul 27, 2018
—
Tandem Real Estate Holdings LLC
—
Deed
related
$1,200,000 · First Farmers & Merchants National Bank
Oct 13, 2004
—
Tandem Printing INC
Tandem R/e Holdings LLC
Quit Claim Deed
related
—
Jun 8, 2004
—
Tandem R & E Holdings LLC
United States Postal Service
Grant Deed
related
$1,130,500 · Highland Bank
—
—
Tandem R & E Holdings LLC
—
Deed Of Trust
related
$90,000 · Highland Bank
—
—
Tandem R & E Holdings LLC
—
Deed Of Trust
related
$110,000 · Highland Bank
—
—
Tandem R & E Holdings LLC
—
Loan Modification
related
$78,347 · Highland Bank
—
—
Tandem R & E Holdings LLC
—
Loan Modification
related
$477,759 · Highland Bank
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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