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Property profile & analytics
OFF-MARKET
Estimated value
$4,160,000
Medical Office Space
3535 Blue Cross Rd Eagan, MN 55122-1154
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US46-0723237
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
STEEL FRAME
Total area
443,353 SF
Lot
25.24 ac (1,099,454 SF)
Zoning code
R
APN
10-14550-01-020
UPID
US46-0723237
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
$4.16M
Owner & transaction history
Health Landlord Mn LLC · 14 yrs held
Health Landlord Mn LLC
since 2012
3 recorded transactions
Zoning & alternative use
R · Eagan, MN
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / 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
$425,358
Tax year 2023
Assessed value
$15,910,200
Assessed 2022
Previous assessed
$15,874,600
+0.2% YoY
Effective rate
2.67%
On assessed value
Assessed land
$5,626,200
Assessed improvement
$10,284,000
Land market value
$5,626,200
Improvement market value
$10,284,000
Total market value
$15,910,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Bathrooms
33
Total area
443,353 SF
Lot
25.24 ac (1,099,454 SF)
Zoning code
R
APN
10-14550-01-020
UPID
US46-0723237
Jurisdiction
DAKOTA
Zoning & alternative use
R · Eagan, MNZoning R · permitted uses
R · Eagan, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Bathrooms
33
Lot
25.24 ac
Current owner
From public records · entity-resolved
Health Landlord Mn LLC
Entity
Mailing address
PO BOX 64560, SAINT PAUL, MN 55164-0560
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
—
Health Landlord Mn LLC
—
Deed
related
$335,000 · Jpmorgan Chase Bank NA
Feb 3, 2017
—
Health Landlord Mn LLC
—
Loan Modification
related
$105,000,000 · Jp Morgan Chase Bk
Jan 23, 2012
$56,898,257
Health Landlord Mn LLC
Bcbsm INC
Trustees Deed
$92,400,000 · Wfb 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.
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