Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7623 Egan Dr Savage, MN 55378-2208

    • Commercial real estate
    • 7,200 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0648022
    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

    • Commercial real estate

    Property Details for 7623 Egan Dr

    Year built
    2006
    Lot size
    1.09 lot acres
    Property size
    7,200 SF
    Property type
    Commercial real estate
    APN
    26-348007-0
    APU
    263480070

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,060,000
      7%
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,132,000
      Market price range: $862k - $1.13M
      AI Estimate
      $1,408,000
      Market price range: $299k - $1.67M

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

    Location Insight

    • Map
    • Local Demand
    City
    Savage
    County
    Scott
    State
    Minnesota
    Longitude
    -93.378
    Latitude
    44.7452
    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
    2024
    $48,308
    $954,800
    $857,200
    $1,812,000
    -
    $954,800
    $857,200
    $1,812,000

    Comparable in this City

    • Value Estimation by Request
      16.12 Acres

      Savage, MN 55378

      COMMERCIAL (GENERAL) • 16.12 Acres
      Savage, MN 55378
      View Details
    • Value Estimation
      $1,265,000
      9,900 SF

      3965 County Rd 42

      COMMERCIAL (GENERAL) • 9,900 SF
      3965 County Rd 42, Savage, MN 55378-2971
      View Details
    • Value Estimation
      $615,000
      3,826 SF

      4725 Hwy 13th W

      COMMERCIAL (GENERAL) • 3,826 SF
      4725 Hwy 13th W, Savage, MN 55378-1346
      View Details
    • Value Estimation
      $1,910,000
      12,024 SF

      14140 Hwy 13th S

      COMMERCIAL (GENERAL) • 12,024 SF
      14140 Hwy 13th S, Savage, MN 55378-2192
      View Details
    • Value Estimation
      $1,445,000
      9,020 SF

      14120 Hwy 13th S

      COMMERCIAL (GENERAL) • 9,020 SF
      14120 Hwy 13th S, Savage, MN 55378-2192
      View Details
    • Value Estimation
      $645,000
      4,088 SF

      14165 Hwy 13th S

      COMMERCIAL (GENERAL) • 4,088 SF
      14165 Hwy 13th S, Savage, MN 55378-2454
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3.11 Acres Buildable Land Available

      Buildable land with utilities in Prior Lake, Minnesota.
      4230-4250 140Th St NE, Prior Lake, MN 55378
      View Details
    • Contact for pricing
      1.52 Acres

      Retail Space in Savage

      Adaptable retail space with high visibility, available February 2026.
      14247 Oconnell Ct, Savage, MN 55378
      View Details
    • $2,500,000
      1.87 Acres

      Fully Leased Strip Mall

      Fully leased strip mall with long-term tenants in Savage, MN.
      4301 Highway 13 W, Savage, MN 55378
      View Details
    • Contact for pricing

      Industrial Land for Sale

      Approximately 13.15 acres of industrial land available for sale.
      9099 13Th Ave E, Savage, MN 55378
      View Details
    • $165,000
      0.77 Acres

      Residential Lot in Oak Knolls

      Residential lot with wooded backyard in Prior Lake school district.
      Tbd Quebec Pl S, Savage, MN 55378
      View Details
    • $121,000
      0.33 Acres

      Residential Lot in Oak Knolls

      Corner lot in desirable Prior Lake school district neighborhood.
      Tbd Sumter Ave, Savage, MN 55378
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Highway 101 Industrial Property

      Savage, MN: 13 acres, 1,000 sqft building
      9099 Frontage Rd, Savage, MN 55378
      View Details
    • Contact for pricing

      Retail Space in Savage, MN

      Retail property for lease in Savage, Minnesota.
      7444-7450 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing

      Industrial Property with Oversized Door

      Industrial property with office, oversized door, and highway access.
      8215 126Th St, Savage, MN 55378
      View Details
    • Contact for pricing

      Retail Space in Savage Town

      Retail space for lease in Savage, Minnesota.
      14075 Highway 13 North, Savage, MN 55378
      View Details
    • Contact for pricing

      Flexible Office and Warehouse Space

      Adaptable office/warehouse space with highway access and multi-tenant potential.
      12400 Princeton Ave, Savage, MN 55378
      View Details
    • Contact for pricing
      1,698 SF

      Retail Space Available For Lease

      2,128 SF in-line retail space available for lease.
      5721-5777 Egan Dr, Savage, MN 55378
      View Details
    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.
    7623 Egan Dr
    Savage, MN 55378-2208
    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!