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Property profile & analytics
OFF-MARKET
Estimated value
$7,870,000
Industrial properties
8001 Wallace Rd, Eden Prairie, MN 55344-2224
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-0715545
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,426 SF
Lot
3.4 ac (148,104 SF)
Zoning code
I-2
APN
16-116-22-24-0008
UPID
US46-0715545
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
$7.81M
CAP Approach
CAP
$7.59M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$7.87M
Owner & transaction history
Realty Income Coure Pluse 3 LP · 1 yrs held
Realty Income Coure Pluse 3 LP
since 2025
Last sale
$9.4M
3 recorded transactions
Zoning & alternative use
I-2 · Eden Prairie, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.7M
+104.4%
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 Eden Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden Prairie 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
$7,840,000
ML approach
$7,805,000
CAP Approach
CAP Return
Estimation
6%
$8,225,000
6.5%
$7,590,000
7%
$7,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,730,000
Current use
COMMERCIAL (GENERAL)
$9,670,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$7.87M
Range $7.08M – $8.66M · ±10% · vs last sale $9.35M (Jan 17 2025)
Last sale anchor
$9.35M
Jan 17 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
$173 / 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
$153,984
Tax year 2023
Assessed value
$5,451,000
Assessed 2023
Previous assessed
$3,634,000
+50.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,134,000
Assessed improvement
$4,317,000
Land market value
$1,134,000
Improvement market value
$4,317,000
Total market value
$5,451,000
Applied tax rate
272.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
45,426 SF
Lot
3.4 ac (148,104 SF)
Zoning code
I-2
APN
16-116-22-24-0008
UPID
US46-0715545
Jurisdiction
HENNEPIN
Zoning & alternative use
I-2 · Eden Prairie, MN
Zoning I-2 · permitted uses
I-2 · Eden Prairie, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eden Prairie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$9.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Realty Income Coure Pluse 3 LP
Entity
Free & Clear · 1 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Realty Income Coure Pluse 3 LP
Realty Income Properties 3 LLC
Deed
related
—
May 15, 2023
$9,351,090
Realty Income Properties 3 LLC
Eden Prairie Mn 8001 Wallace LLC
Special Warranty Deed
—
Aug 16, 2021
$3,700,000
Eden Prairie Mn 8001 Wallace LLC
Midness Family Limited Partnership
Warranty Deed
$5,121,250 · Bokf NA
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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