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Property profile & analytics
OFF-MARKET
Estimated value
$8,865,000
Industrial properties
3255 Neil Armstrong Blvd, Eagan, MN 55121-2279
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0694710
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
CONCRETE
Total area
88,110 SF
Lot
7.88 ac (343,253 SF)
APN
10-22515-01-030
UPID
US46-0694710
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
$9.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$8.87M
Owner & transaction history
Elias Dc Assets LLC · 4 yrs held
Elias Dc Assets LLC
since 2021
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.0M
+117.8%
Warehouse, storage
$10.2M
+70.3%
Office building
$9.6M
+61.9%
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
$8,715,000
ML approach
$9,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,960,000
Current use
MEDICAL BUILDING
$12,980,000
Change: +118% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,150,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$9,645,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$9,005,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$8.87M
Range $7.98M – $9.75M · ±10% · vs last sale $9.00M (Jul 29 2021)
Last sale anchor
$9.00M
Jul 29 2021
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
$101 / 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
$255,670
Tax year 2023
Assessed value
$8,894,100
Assessed 2022
Previous assessed
$8,894,100
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,604,300
Assessed improvement
$7,289,800
Land market value
$1,604,300
Improvement market value
$7,289,800
Total market value
$8,894,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
88,110 SF
Lot
7.88 ac (343,253 SF)
APN
10-22515-01-030
UPID
US46-0694710
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$13.0M
WAREHOUSE, STORAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.6M
RETAIL STORES
Est. value
$9.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
7.88 ac
Current owner
From public records · entity-resolved
Elias Dc Assets LLC
Entity
Mailing address
1065 AVE OF THE AMERICAS FL #28, NEW YORK, NY 10018-0664
Ownership since
2021
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 29, 2021
$9,000,000
Elias Dc Assets LLC
Dcii 3255 Neil Armstrong Boulevard
Limited Warranty Deed
$170,000 · Dhi Mortgage Company Ltd
Jan 21, 2020
—
Databank Holdings Ltd
—
Deed
related
$53,500,000 · Truist Bk
Oct 23, 2018
—
Databank Holdings Ltd
—
Grant Deed
related
$25,000,000 · Suntrust Bk
Jul 6, 2015
$5,800,000
Dcii-3255 Neil Armstrong Boule
Liberty Property LP
Grant Deed
—
—
—
Databank Holdings Ltd
—
Deed Of Trust
related
$1,000,000 · Royal Bk/canada
—
—
Liberty Property LP
—
Deed Of Trust
related
$6,445,503 · Allianz Life Insurance Co N Am
—
—
Databank Holdings Ltd
—
Deed Of Trust
related
$39,000,000 · B Private Credit Investors LLC
—
—
Databank Holdings Ltd
—
Loan Modification
related
$53,500,000 · Truist Bk
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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