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    Property profile & analytics

    3340 Central Park Vlg Dr Eagan, MN 55121-7707

    • Strip malls
    • 7,665 SF
    • 4.12 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2970937
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 3340 Central Park Vlg Dr

    Year built
    2016
    Lot size
    4.12 lot acres
    Property size
    7,665 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10-16957-01-010
    APU
    101695701010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,285,000
      Current use
      RESTAURANT
      $1,620,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,555,000
      Change: +21% Conversion: Difficult
      MEDICAL BUILDING
      $1,130,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1699
    Latitude
    44.8361
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $312,854
    $3,766,100
    $7,847,100
    $11,613,200
    -
    $3,766,100
    $7,847,100
    $11,613,200

    Comparable in this City

    • Value Estimation
      $1,380,000
      10,714 SF

      3250 Denmark Ave

      SHOPPING CENTER, STRIP CENTER • 10,714 SF
      3250 Denmark Ave, Eagan, MN 55121-1459
      View Details
    • Value Estimation
      $1,335,000
      14,144 SF

      3390 Coachman Rd

      SHOPPING CENTER, STRIP CENTER • 14,144 SF
      3390 Coachman Rd, Eagan, MN 55121-1800
      View Details
    • Value Estimation
      $2,015,000
      15,475 SF

      1270 Promenade Pl

      SHOPPING CENTER, STRIP CENTER • 15,475 SF
      1270 Promenade Pl, Eagan, MN 55121-2530
      View Details
    • Value Estimation
      $2,595,000
      29,000 SF

      1466 Yankee Doodle Rd

      SHOPPING CENTER, STRIP CENTER • 29,000 SF
      1466 Yankee Doodle Rd, Eagan, MN 55121-1801
      View Details
    • Value Estimation
      $1,680,000
      16,130 SF

      1250 Lone Oak Rd

      SHOPPING CENTER, STRIP CENTER • 16,130 SF
      1250 Lone Oak Rd, Eagan, MN 55121-2103
      View Details
    • Value Estimation
      $1,940,000
      10,350 SF

      3090 Courthouse Ln

      SHOPPING CENTER, STRIP CENTER • 10,350 SF
      3090 Courthouse Ln, Eagan, MN 55121-1672
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,356 SF

      Single Tenant Valley Motor Sports

      100% occupied property in Eagan, MN for sale.
      3380 Dodd Rd, Eagan, MN 55121
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      3025 Holiday Ln, Eagan, MN 55121
      View Details
    • Contact for pricing
      36,368 SF

      Eagan Warehouse with Outdoor Storage

      Warehouse property with ample parking and outdoor storage available.
      3330-3350 Mike Collins Dr, Eagan, MN 55121
      View Details
    • Contact for pricing

      Development Opportunity Near Future Interchange

      29.69 acres near planned interchange in Eagan, Minnesota.
      & Vikings Prkwy Ames Crossing Rd, Eagan, MN 55121
      View Details
    • $950,000
      4,308 SF

      Eagan Office Building - Great Investment

      Prime Eagan location, renovated office building, high visibility.
      3345 Lexington Ave, Eagan, MN 55121
      View Details
    • $775,000
      0.77 Acres

      Eagan Commercial Building with Exposure

      Well-maintained commercial building with high visibility and ample parking.
      3345 Lexington Ave S, Eagan, MN 55121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,828 SF

      Eagan Retail Center Spaces Available

      Retail spaces available in Eagan's prominent shopping center.
      3324 Promenade Ave, Eagan, MN 55121
      View Details
    • Contact for pricing
      3,816 SF

      Eagan Promenade Retail Space Available

      Retail spaces available in Eagan Promenade and The Shoppes.
      1259-1299 Promenade Pl, Eagan, MN 55121
      View Details
    • Contact for pricing
      2,343 SF

      Eagan Retail Center Space Available

      Retail spaces available in a prominent Eagan shopping center.
      3344 Promenade Ave, Saint Paul, MN 55121
      View Details
    • Contact for pricing

      Courthouse Shopping Center Retail Space

      Retail spaces available in Eagan's Courthouse Shopping Center.
      3090 Courthouse Ln, Eagan, MN 55121
      View Details
    • Contact for pricing
      9,676 SF

      Eagan Office-Showroom Space Available

      66,145 SF office-showroom in Eagan, close to major highways.
      2930 Waters Rd, Eagan, MN 55121
      View Details
    • Contact for pricing
      7,226 SF

      Eagan Office-Showroom Building For Rent

      66,145 SF office-showroom in Eagan, MN business park.
      2910 Waters Rd, Eagan, MN 55121
      View Details
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    Eagan, MN 55121-7707
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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