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Property profile & analytics
FOR SALE
Distribution centers
3285 Northwood Cir Eagan, MN 55121
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0507701
For Sale
1 / 7
$4,755,000
3285 Northwood Cir, Eagan, MN 55121
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Property summary
AI-generated overview
Northwood Business Park I, located at 3285 Northwood Cir, Eagan, MN 55121, offers a prime opportunity to lease flexible industrial space. This single-story, 44,893 square foot building, constructed in 2001, sits on a 5.48-acre lot (238,709 square feet) and is zoned BP. The property features three suites, with a minimum divisible space of 16,146 square feet and a maximum contiguous space of 20,413 square feet. Currently, there is 73,118 square feet of vacant space available for lease. The building boasts a 16-foot ceiling height, one drive-in door, and ample parking with a ratio of 4.98 spaces per 1,000 square feet. Power is provided by a 1200-amp, 277/480-volt, 3-phase system. This property is situated in the MN - Southeast submarket of Dakota County and presents a versatile solution for businesses seeking warehouse, flex, or R&D space. The property's location in Eagan, Minnesota offers convenient access to major transportation routes and amenities. The APN is 105217501010.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
CONCRETE
Total area
44,893 SF
Lot
5.48 ac (238,709 SF)
APN
10-52175-01-010
UPID
US46-0507701
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
by Request
Blend (final)
Blend
$4.76M
Owner & transaction history
Rivendell Investments LLC · 10 yrs held
Rivendell Investments LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+12.1%
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
$6,840,000
Current use
AUTO REPAIR, GARAGE
$7,665,000
Change: +12% · Conversion: Easy
RETAIL STORES
$6,400,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±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
$106 / 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
$116,492
Tax year 2023
Assessed value
$4,092,000
Assessed 2022
Previous assessed
$4,060,800
+0.8% YoY
Effective rate
2.85%
On assessed value
Assessed land
$1,288,300
Assessed improvement
$2,803,700
Land market value
$1,288,300
Improvement market value
$2,803,700
Total market value
$4,092,000
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
For Sale
Year built
2000
Construction
CONCRETE
Heating
NONE
Bathrooms
8
Total area
44,893 SF
Lot
5.48 ac (238,709 SF)
APN
10-52175-01-010
UPID
US46-0507701
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
$6.8M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES
Est. value
$6.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
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
2000
Construction
CONCRETE
Heating
NONE
Bathrooms
8
Lot
5.48 ac
Current owner
From public records · entity-resolved
Rivendell Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
2126 PORTICO GRN, WAYZATA, MN 55391-4533
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2016
—
Eldron LLC
—
Deed
related
$2,779,224 · Anchor Bk
Jan 20, 2016
—
Rivendell Investments LLC
Eldron LLC
Quit Claim Deed
related
—
Nov 1, 2010
—
Farmington-severson LP
Craig C Avery Co
Quit Claim Deed
related
—
—
—
Eldron LLC
—
Deed Of Trust
related
$3,430,000 · Anchor Bk
—
—
Eldron LLC
—
Loan Modification
related
$2,779,224 · Anchor 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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