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    3356 Sherman Ct, Unit 1 Eagan, MN 55121-5002

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    3356 Sherman Ct, Unit 1 Eagan, MN 55121-5002

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    • Office buildings
    • 4,173 SF
    Off-Market
    Property ID
    US46-1179376
    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.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 3356 Sherman Ct

    Year built
    2005
    Construction
    WOOD FRAME
    Property size
    4,173 SF
    Property type
    Office buildings
    APN
    10-14225-05-001
    APU
    101422505001

    Description

    This exceptional 2,782 square foot office condo presents a fantastic investment opportunity in the thriving Eagan, Minnesota market. Located at 3356 Sherman Ct, 55121, this two-story building offers a versatile layout ideal for a variety of professional uses, including executive, medical, or traditional office settings. The interior boasts a high-quality finish, highlighted by attractive vaulted ceilings that maximize natural light. The space is thoughtfully designed with a blend of private offices and open work areas, catering to diverse operational needs. A dedicated bathroom and break room add to the convenience and functionality. The property's multi-tenant capability provides flexibility for expansion or income generation. Its strategic location offers easy access to Highway 35E and the vibrant Eagan retail corridor, ensuring high visibility and convenient access for clients and employees. This turnkey office space is ready for immediate occupancy and represents a compelling opportunity to establish or expand a business in a desirable location. The asking price is $440,000. Don't miss this chance to own a well-appointed office condo in a prime Eagan location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $630,000
      Market price range: $380k - $687k
      AI Estimate
      $359,000
      Market price range: $61.4k - $490k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $505,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $825,000
      Change: +64% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $710,000
      Change: +41% Conversion: Difficult
      WAREHOUSE, STORAGE
      $635,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $595,000
      Change: +18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1636
    Latitude
    44.8369
    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
    $14,530
    $175,100
    $429,700
    $604,800
    -
    $175,100
    $429,700
    $604,800

    Comparable in this City

    • Value Estimation
      $9,380,000
      120,000 SF

      3140 Neil Armstrong Blvd

      OFFICE BUILDING • 120,000 SF
      3140 Neil Armstrong Blvd, Eagan, MN 55121-2272
      View Details
    • Value Estimation
      $2,640,000
      26,162 SF

      1365 Corporate Ctr Curv

      OFFICE BUILDING • 26,162 SF
      1365 Corporate Ctr Curv, Eagan, MN 55121-1265
      View Details
    • Value Estimation
      $11,650,000
      224,000 SF

      1750 Yankee Doodle Rd

      OFFICE BUILDING • 224,000 SF
      1750 Yankee Doodle Rd, Eagan, MN 55121-1613
      View Details
    • Value Estimation
      $755,000
      15,400 SF

      3070 Lunar Ln

      OFFICE BUILDING • 15,400 SF
      3070 Lunar Ln, Eagan, MN 55121-2218
      View Details
    • Value Estimation
      $2,685,000
      25,656 SF

      1519 Central Pkwy

      OFFICE BUILDING • 25,656 SF
      1519 Central Pkwy, Eagan, MN 55121-2488
      View Details
    • Value Estimation
      $5,920,000
      68,693 SF

      930 Blue Gentian Rd

      OFFICE BUILDING • 68,693 SF
      930 Blue Gentian Rd, Eagan, MN 55121-1674
      View Details

    Similar Nearby for Sale

    • $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
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      Single-Story Office Building For Sale

      Single-story office building with abundant parking and landscaping.
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      8,192 SF

      Eagan Medical/Professional Office Building

      Well-maintained, fully occupied medical/professional office building in Eagan, Minnesota.
      3340 Sherman Ct, Eagan, MN 55121
      View Details
    • $1,500,000
      0.90 Acres

      Eagan Multi-Use Commercial Property

      Commercially zoned property with leasing contracts included in sale.
      1708 Meadowview Rd, Eagan, MN 55121
      View Details
    • $950,000
      4,308 SF

      Eagan Office Building - Great Investment

      Prime Eagan location, renovated office building, high visibility.
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      44,511 SF

      Eagan Flex Space Available

      Flex space available for sale in Eagan, Minnesota.
      3285 Northwood Cir, Eagan, MN 55121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Eagan Office Building For Rent

      Premier Eagan office building with 100,000 SF available for lease.
      2655 Eagan Woods Dr, Eagan, MN 55121
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      8,833 SF

      Eagan Office-Showroom Space Available

      66,145 SF office-showroom in Eagan, MN for rent.
      2910 Waters Rd, Eagan, MN 55121
      View Details
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      2,599 SF

      Class A Suburban Office Space

      Premier office property in thriving Southeast submarket near I-494.
      1305 Corporate Center Dr, Eagan, MN 55121
      View Details
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      9,055 SF

      Eagan Office-Showroom Space For Rent

      45,472 SF office-showroom in Eagan, MN business park.
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      Eagan Office Building For Sale

      Office building with highway visibility in Eagan, Minnesota.
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    • Contact for pricing
      386,000 SF

      Eagan Office Space Available

      386,000 square foot office building for lease.
      2900 Ames Crossing Rd, Eagan, MN 55121
      View Details
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    Eagan, MN 55121-5002
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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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    3356 Sherman Ct, Eagan, MN, 55121

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