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    3825 Cedar Grove Pkwy Eagan, MN 55122

    • Apartment buildings
    • 299,038 SF
    • 4.81 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    $895,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1907814
    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

    • Apartment buildings

    Property Details for 3825 Cedar Grove Pkwy

    Year built
    2014
    Construction
    WOOD
    Lot size
    4.81 lot acres
    Property size
    299,038 SF
    Property type
    Apartment buildings
    APN
    10-16722-01-010
    APU
    101672201010

    Description

    The Flats at Cedar Grove offers exceptional executive office suites in Eagan, Minnesota. This 2014-built, mixed-use development boasts a total of 299,038 square feet, with 5,563 square feet currently available for lease. Units range from a minimum of 1,009 square feet to a maximum contiguous space of 2,454 square feet, providing flexibility for businesses of various sizes. Located at 3825 Cedar Grove Pkwy, Eagan, MN 55122, this property enjoys a prime location at the intersection of Cedar Grove Parkway and Nicols Road, offering convenient access to major transportation arteries including Cedar Avenue and Highway 13. Its proximity to the Twin Cities Premium Outlets, Mall of America, and MSP Airport makes it an attractive location for businesses and employees alike. The 4.81-acre lot is situated in Dakota County and benefits from the established presence of reputable businesses such as Country Financial, Farmers Insurance, and Dr. Brengman, DDS Dentistry, further enhancing its appeal and desirability. The building features multiple tenancies, creating a vibrant and diverse community. This is a rare opportunity to secure high-quality office space in a thriving Eagan location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2089
    Latitude
    44.818
    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
    $617,788
    $2,854,800
    $47,041,800
    $49,896,600
    -
    $2,854,800
    $47,041,800
    $49,896,600

    Comparable in this City

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      $1,240,000
      28,777 SF

      3898 Vly Vw N Dr

      APARTMENT HOUSE (100+ UNITS) • 28,777 SF
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      View Details
    • Value Estimation
      $1,220,000
      52,281 SF

      1950 Jade Ln

      APARTMENT HOUSE (5+ UNITS) • 52,281 SF
      1950 Jade Ln, Eagan, MN 55122-2164
      View Details
    • Value Estimation
      $980,000
      67,109 SF

      2099 Silver Bell Rd

      APARTMENT HOUSE (5+ UNITS) • 67,109 SF
      2099 Silver Bell Rd, Eagan, MN 55122-1057
      View Details
    • Value Estimation
      $2,210,000
      299,435 SF

      4265 Nicols Rd

      APARTMENT HOUSE (100+ UNITS) • 299,435 SF
      4265 Nicols Rd, Eagan, MN 55122-1416
      View Details
    • Value Estimation
      $660,000
      89,192 SF

      2061 Park Ctr Dr

      APARTMENT HOUSE (100+ UNITS) • 89,192 SF
      2061 Park Ctr Dr, Eagan, MN 55122-2592
      View Details
    • Value Estimation
      $1,185,000
      84,932 SF

      1500 Thomas Lk Pointe Rd

      APARTMENT HOUSE (100+ UNITS) • 84,932 SF
      1500 Thomas Lk Pointe Rd, Eagan, MN 55122-2549
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      1.40 Acres

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      Prime Eagan commercial land, high traffic area.
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      Eagan Townhome with Open Layout

      Conveniently located townhome featuring an open floor plan and vaulted ceilings.
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      Charming, updated 3-bedroom townhome with modern amenities and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing
      16,756 SF

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      View Details
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      Eagan Office Space Available

      Office space available for lease in Eagan, Minnesota.
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    • $14 SF/Yr
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      Eagan Office Space For Rent

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    • Contact for pricing
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      Retail Space in Eagan, MN

      Retail space for lease in a busy Eagan location.
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      Eagan Warehouse Space Available

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    • $23 SF/Yr
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      Single-Level Office Space Available

      Single-level office building with monument signage and easy highway access.
      4640 Slater Rd, Eagan, MN 55122
      View Details
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    Eagan, MN 55122
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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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