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    Property profile & analytics

    3890 Ballantrae Rd Eagan, MN 55122-1553

    • Apartment buildings
    • 39,524 SF
    OFF-MARKET
    Value Estimations
    $3,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1941214
    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 3890 Ballantrae Rd

    Year built
    2020
    Construction
    CONCRETE
    Property size
    39,524 SF
    Property type
    Apartment buildings
    APN
    10-13302-01-030
    APU
    101330201030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,427,000
      Market price range: $2.21M - $5.05M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,635,000
      Current use
      WAREHOUSE, STORAGE
      $4,555,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $4,325,000
      Change: +19% Conversion: Moderate
      RETAIL STORES
      $4,040,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagan
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2031
    Latitude
    44.8167
    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
    $54,484
    $335,400
    $4,370,900
    $4,706,300
    -
    $335,400
    $4,370,900
    $4,706,300

    Comparable in this City

    • Value Estimation
      $5,550,000
      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
      $5,305,000
      52,281 SF

      1950 Jade Ln

      APARTMENT HOUSE (5+ UNITS) • 52,281 SF
      1950 Jade Ln, Eagan, MN 55122-2164
      View Details
    • Value Estimation
      $3,025,000
      28,777 SF

      3898 Vly Vw N Dr

      APARTMENT HOUSE (100+ UNITS) • 28,777 SF
      3898 Vly Vw N Dr, Eagan, MN 55122-1574
      View Details
    • Value Estimation
      $2,145,000
      299,435 SF

      4265 Nicols Rd

      APARTMENT HOUSE (100+ UNITS) • 299,435 SF
      4265 Nicols Rd, Eagan, MN 55122-1416
      View Details
    • Value Estimation
      $8,695,000
      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
      $8,415,000
      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

    • $399,900

      Eagan Townhome in The Arbors

      One-level living in a park-like setting with mature trees.
      4168 Arbor Ln, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,647 SF

      Eagan End Unit with Garage

      Two-story end unit with finished basement and attached two-car garage.
      4150 Knob Cir, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,365 SF

      Eagan Townhome with Open Layout

      Conveniently located townhome featuring an open floor plan and vaulted ceilings.
      2232 Water Lilly Ln, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,502 SF

      Updated 3-Bedroom End-Unit Townhome

      Charming, updated 3-bedroom townhome with modern amenities and convenient location.
      4100 Meadow Lark Ln, Eagan, MN 55122
      View Details
    • $259,900
      1,616 SF

      Thomas Lakes Townhouse with Updates

      Updated townhouse in desirable neighborhood near parks and trails.
      1610 Clemson Dr, Eagan, MN 55122
      View Details
    • Contact for pricing
      1.40 Acres

      Eagan Outlot: 1.4 Acres

      Prime Eagan commercial land, high traffic area.
      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
      60,000 SF

      Prime Office Space Available

      Up to 60,000 SF office space for lease.
      15865 Pilot Knob Rd, Apple Valley, MN 55122
      View Details
    • Contact for pricing
      1,984 SF

      Eagan Office Space for Rent

      Office space available in Eagan, close to major highways.
      2130 Cliff Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,980 SF

      Single-Level Office Space Available

      Single-level office building with monument signage and easy highway access.
      4640 Slater Rd, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,364 SF

      Eagan Office Space Available

      Second-floor office space with open layout and windowed offices.
      2121 Cliff Dr, Eagan, MN 55122
      View Details
    • Contact for pricing
      1,320 SF

      Eagan Office Space For Rent

      Office space with ample parking and easy highway access.
      3445 Washington Dr, Eagan, MN 55122
      View Details
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    Eagan, MN 55122-1553
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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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