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Property profile & analytics
FOR SALE
Office buildings
8519 Eagle Point Blvd Lake Elmo, MN 55042
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0012917
For Sale
1 / 3
$4,545,000
8519 Eagle Point Blvd, Lake Elmo, MN 55042
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
32,373 SF
Lot
3.83 ac (166,661 SF)
APN
33-029-21-42-0008
UPID
US46-0012917
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
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$4.55M
Owner & transaction history
Shree Eagle Point LLC · 5 yrs held
Shree Eagle Point LLC
since 2021
Last sale
$4.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.8M
+17.3%
Commercial (general)
$5.7M
+16.3%
Retail stores
$5.6M
+15.1%
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 Lake Elmo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Elmo 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
$4,350,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,905,000
Current use
WAREHOUSE, STORAGE
$5,755,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,705,000
Change: +16% · Conversion: Easy
RETAIL STORES
$5,645,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$4.55M
Range $4.09M – $5.00M · ±10% · vs last sale $4.60M (Mar 10 2021)
Last sale anchor
$4.60M
Mar 10 2021
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
$140 / 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
$136,378
Tax year 2023
Assessed value
$4,604,900
Assessed 2022
Previous assessed
$4,776,800
-3.6% YoY
Effective rate
2.96%
On assessed value
Assessed land
$957,600
Assessed improvement
$3,647,300
Land market value
$957,600
Improvement market value
$3,647,300
Total market value
$4,604,900
Applied tax rate
3,701.0000
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
For Sale
Year built
2001
Heating
NONE
Buildings
1
Total area
32,373 SF
Lot
3.83 ac (166,661 SF)
APN
33-029-21-42-0008
UPID
US46-0012917
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.7M
RETAIL STORES
Est. value
$5.6M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2001
Heating
NONE
Buildings
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Shree Eagle Point LLC
Entity
Mailing address
SRI EAGLE PT LLC, EDEN PRAIRIE, MN 55344
Ownership since
2021
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
Mar 10, 2021
$4,600,000
Shree Eagle Point LLC
Lisa R Leutem Investments LLC
Warranty Deed
$3,680,000 · Bridgewater Bank
Mar 20, 2006
$4,600,000
Danate Properties Inv I LLC
United Properties Invs LLC
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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