Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3650 Kennebec Dr Eagan, MN 55122

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3650 Kennebec Dr Eagan, MN 55122

    View on Map
    • Showrooms
    • 13,734 SF
    • 1.17 lot acres
    For Lease
    $625,000
    View Listing →
    Eagan Industrial Space Available 2026 For Lease
    $625,000
    6,963 SF

    Eagan Industrial Space Available 2026

    6,963 SF flex/industrial space available March 1, 2026.

    3650 Kennebec Dr, Eagan, MN
    View Listing
    Property ID
    US46-3231718
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 3650 Kennebec Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.17 lot acres
    Property size
    13,734 SF
    Zone code
    R
    Property type
    Showrooms
    APN
    10-16800-02-053
    APU
    101680002053

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $566,000
      Market price range: $324k - $1.02M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2052
    Latitude
    44.8258
    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
    $33,322
    $230,000
    $947,800
    $1,177,800
    -
    $230,000
    $947,800
    $1,177,800

    Comparable in this City

    • Value Estimation
      $3,515,000
      100,416 SF

      2020 Silver Bell Rd

      SHOW ROOM, WAREHOUSE • 100,416 SF
      2020 Silver Bell Rd, Eagan, MN 55122-1642
      View Details
    • Value Estimation
      $1,665,000
      51,880 SF

      1980 Seneca Rd

      SHOW ROOM, WAREHOUSE • 51,880 SF
      1980 Seneca Rd, Eagan, MN 55122-1060
      View Details
    • Value Estimation by Request
      17,920 SF

      3660 Kennebec Dr

      SHOW ROOM, WAREHOUSE • 17,920 SF
      3660 Kennebec Dr, Eagan, MN 55122-1003
      View Details
    • Value Estimation
      $745,000
      18,472 SF

      4101 Nicols Rd

      SHOW ROOM, WAREHOUSE • 18,472 SF
      4101 Nicols Rd, Eagan, MN 55122-1955
      View Details
    • Value Estimation
      $3,255,000
      36,000 SF

      1904 Shawnee Rd

      SHOW ROOM, WAREHOUSE • 36,000 SF
      1904 Shawnee Rd, Eagan, MN 55122-1032
      View Details
    • Value Estimation
      $4,420,000
      52,621 SF

      1959 Shawnee Rd

      SHOW ROOM, WAREHOUSE • 52,621 SF
      1959 Shawnee Rd, Eagan, MN 55122-1215
      View Details

    Similar Nearby for Sale

    • $3,995,000

      Renovated Retail Building in Eagan

      Renovated 22,240 SF retail building with long-term tenant.
      3815 Nicols Rd, Eagan, MN 55122
      View Details
    • Contact for pricing

      Cliff Lake Centre Retail Opportunity

      Retail center in Eagan, Minnesota with shadow anchors.
      1960 Cliff Lake Rd, Eagan, MN 55122
      View Details
    • $4,500,000
      10,018 SF

      Eagan Retail and Medical Center

      Stabilized Class A med-retail investment opportunity in Eagan, Minnesota.
      1992 Rahncliff Ct, Eagan, MN 55122
      View Details
    • $440,000

      Eagan Commercial Property for Sale

      Commercial property suitable for clinics, offices, schools, and more.
      3540 Federal Dr, Eagan, MN 55122
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      3735 Nicols Rd, Eagan, MN 55122
      View Details
    • Contact for pricing

      1.4 Acre Outlot for Development

      1.4 acre outlot zoned NB-Neighborhood Business available for development.
      4130 Blackhawk Rd, Eagan, MN 55122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,831 SF

      Retail Space in Eagan, MN

      Retail space for lease in a busy Eagan location.
      2113-2149 Cliff Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      30,396 SF

      Eagan Retail Space Available

      Prime Eagan storefront, high traffic area.
      4130 Blackhawk Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,527 SF

      Retail Space in Eagan

      Retail space available in a well-located shopping center.
      1967-1989 Silver Bell Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      2,454 SF

      Eagan Mixed-Use Development Space

      Retail and office spaces available in a mixed-use development.
      3825 Cedar Grove Pkwy, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,158 SF

      Eagan Retail Space Available

      Retail space available for lease in Eagan, Minnesota.
      1565 Cliff Rd, Eagan, MN 55122
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3650 Kennebec Dr
    Eagan, MN 55122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!