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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Industrial properties
3640 Kennebec Dr Eagan, MN 55122-1003
Entity Owned
18-yr Hold
Free & Clear
Property ID
US46-3161482
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
STEEL FRAME
Total area
23,463 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R
APN
10-16800-02-052
UPID
US46-3161482
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$910k
Owner & transaction history
Paul F Gonyea LLC · 18 yrs held
Paul F Gonyea LLC
since 2008
7 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$39 / 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
$43,684
Tax year 2023
Assessed value
$1,608,700
Assessed 2022
Previous assessed
$1,423,500
+13.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$387,200
Assessed improvement
$1,221,500
Land market value
$387,200
Improvement market value
$1,221,500
Total market value
$1,608,700
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
1973
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Bathrooms
3
Total area
23,463 SF
Lot
1.98 ac (86,249 SF)
Zoning code
R
APN
10-16800-02-052
UPID
US46-3161482
Jurisdiction
DAKOTA
Zoning & alternative use
R · Eagan, MN
Zoning R · permitted uses
R · Eagan, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Bathrooms
3
Lot
1.98 ac
Current owner
From public records · entity-resolved
Paul F Gonyea LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3640 KENNEBEC DR, EAGAN, MN 55122-1003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Sep 26, 2018
—
Senger Brothers INC
—
Deed
related
$696,000 · Southeastern Minnesota 504 Dev
Aug 24, 2018
—
Senger Brothers INC
—
Deed
related
—
May 15, 2008
$782,500
Paul F Gonyea LLC
Finishing Equipment INC
Warranty Deed
—
—
—
Finishing Equipment INC
—
Deed Of Trust
related
$300,000 · Mike Collins Drive Invtrs LLP
—
—
Paul F Gonyea LLC
—
Deed Of Trust
related
$1,670,000 · Minnwest Bank Mv
—
—
Senger Brothers INC
—
Deed Of Trust
related
$842,500 · Frandsen Bk&tr
—
—
Senger Brothers INC
—
Deed Of Trust
related
$696,000 · Southeastern Minnesota 504 Dev
—
—
Senger Brothers INC
—
Loan Modification
related
—
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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