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Property profile & analytics
FOR LEASE
Strip malls
3090 Courthouse Ln Eagan, MN 55121
Entity Owned
9-yr Hold
Free & Clear
Property ID
US46-0030722
For Lease
1 / 3
$1,940,000
3090 Courthouse Ln, Eagan, MN 55121
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
CONCRETE
Total area
10,350 SF
Lot
1.61 ac (70,132 SF)
APN
10-53790-02-020
UPID
US46-0030722
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
$2.07M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.94M
Owner & transaction history
Rpslegacydesoto LLC · 9 yrs held
Rpslegacydesoto LLC
since 2017
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+25.8%
Auto repair, garage
$2.1M
+20.8%
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%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,735,000
Current use
RESTAURANT
$2,185,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,100,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,525,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $2.07M (Jul 11 2024)
Last sale anchor
$2.07M
Jul 11 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
$187 / 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
$41,650
Tax year 2023
Assessed value
$1,544,500
Assessed 2022
Previous assessed
$1,544,500
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$660,500
Assessed improvement
$884,000
Land market value
$660,500
Improvement market value
$884,000
Total market value
$1,544,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2001
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Total area
10,350 SF
Lot
1.61 ac (70,132 SF)
APN
10-53790-02-020
UPID
US46-0030722
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2001
Construction
CONCRETE
Heating
NONE
Bathrooms
6
Lot
1.61 ac
Current owner
From public records · entity-resolved
Rpslegacydesoto LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2935 COUNTRY DR STE #102, LITTLE CANADA, MN 55117-1184
Ownership since
2017
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
Jul 5, 2017
—
Rpslegacydesoto LLC
Desoto Associates LLC
Quit Claim Deed
—
Mar 17, 2014
$1,368,000
Desoto Assocs LLC
Jts Holdings I LLC
Warranty Deed
—
Oct 4, 2013
$59,506
Highway 65 Associates LLC
Jts Holdings I LLC
Warranty Deed
—
Jun 5, 2013
$1,416,000
Jts Holdings I LLC
3090 Courthouse Lane LLC
Warranty Deed
—
Nov 3, 2004
$500
Aztec Props Of Oakview LLC
Aztec Properties LLC
Quit Claim Deed
related
$2,530 · Anchor Bank Heritage NA
Nov 3, 2004
$170,000
3090 Courthouse Lane LLC
Aztec Props Of Oakview LLC
Warranty Deed
—
—
—
3090 Courthouse Lane LLC
—
Deed Of Trust
related
$895,000 · Platinum Bank
—
—
3090 Courthouse Lane LLC
—
Deed Of Trust
related
$900,000 · Anchor Bank Heritage NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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