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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Office buildings
4555 Erin Dr Eagan, MN 55122-3398
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-0609916
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
CONCRETE
Total area
19,968 SF
Lot
2.18 ac (94,961 SF)
Zoning code
R
APN
10-47401-01-030
UPID
US46-0609916
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
$1.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.96M
Owner & transaction history
N & F Properties LLC · 1 yrs held
N & F Properties LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$2.9M
+34.6%
Warehouse, storage
$2.3M
+5.2%
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
$1,895,000
ML approach
$1,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,185,000
Current use
MEDICAL BUILDING
$2,940,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$2,300,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,040,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,835,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $2.20M (Jan 3 2025)
Last sale anchor
$2.20M
Jan 3 2025
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
$98 / 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
$51,152
Tax year 2023
Assessed value
$1,841,200
Assessed 2022
Previous assessed
$1,802,700
+2.1% YoY
Effective rate
2.78%
On assessed value
Assessed land
$990,200
Assessed improvement
$851,000
Land market value
$990,200
Improvement market value
$851,000
Total market value
$1,841,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
19,968 SF
Lot
2.18 ac (94,961 SF)
Zoning code
R
APN
10-47401-01-030
UPID
US46-0609916
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
2.18 ac
Current owner
From public records · entity-resolved
N & F Properties LLC
Entity
Mailing address
7028 KELLOGG AVE, EDINA, MN 55435-4141
Ownership since
2025
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
Jan 3, 2025
$2,200,000
N & F Properties LLC
Healthy Spaces 14 LLC
Deed
$1,100,000 · Hiawatha National Bank
Nov 5, 2020
—
Brandl Of Anderson Homes INC
—
Deed
related
$10,000,000 · Tradition Cap Bk
Sep 15, 2020
—
Bandl Of Anderson Homes INC
—
Deed
related
$10,000,000 · Tradition Cap Bk
Oct 17, 2018
$1,625,000
Healthy Space 14 LLC
Livingston Holdings LLC
Warranty Deed
$1,300,000 · Bloomsdale
Jan 26, 2009
—
Livingston Holdings LLC
—
Deed Of Trust
related
$1,120,000 · M & I Marshall & Isley Bank
—
—
Brandl Of Anderson Homes INC
—
Loan Modification
related
$10,000,000 · Tradition Cap Bk
—
—
Bandl Of Anderson Homes INC
—
Loan Modification, Consolidation And Extension
related
$10,000,000 · Tradition Cap Bk
—
—
Brandl Of Anderson Homes INC
—
Loan Modification, Consolidation And Extension
related
$10,000,000 · Tradition Cap Bk
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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