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Property profile & analytics
OFF-MARKET
Estimated value
$8,550,000
Medical Office Space
655 Lone Oak Dr Eagan, MN 55121-1649
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0017843
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
CONCRETE
Total area
61,789 SF
Lot
89.66 ac (3,905,470 SF)
Zoning code
R
APN
10-18501-01-023
UPID
US46-0017843
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.55M
Owner & transaction history
Ecolab USA INC · 17 yrs held
Ecolab USA INC
since 2009
2 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.0M
+43.3%
Auto repair, garage
$12.5M
+37.6%
Neighborhood: shopping center
$10.4M
+13.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,105,000
Current use
RESTAURANT
$13,045,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,525,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,370,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$8.55M
Range $7.70M – $9.41M · ±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
$138 / 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
$583,734
Tax year 2023
Assessed value
$21,810,500
Assessed 2022
Previous assessed
$21,859,600
-0.2% YoY
Effective rate
2.68%
On assessed value
Assessed land
$10,108,300
Assessed improvement
$11,702,200
Land market value
$10,108,300
Improvement market value
$11,702,200
Total market value
$21,810,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Buildings
4
Bathrooms
30
Total area
61,789 SF
Lot
89.66 ac (3,905,470 SF)
Zoning code
R
APN
10-18501-01-023
UPID
US46-0017843
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$9.1M
RESTAURANT
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
CONCRETE
Heating
NONE
Buildings
4
Bathrooms
30
Lot
89.66 ac
Current owner
From public records · entity-resolved
Ecolab USA INC
Entity
Free & Clear · 17 yrs held
Mailing address
1 ECOLAB PL, SAINT PAUL, MN 55102-2739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2009
$1,000
Ecolab USA INC
Ecolab INC
Warranty Deed
related
—
Apr 7, 2004
$17,500,000
Ecolab INC
Ccpre-eagan LLC
Grant Deed
—
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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