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Property profile & analytics
FOR LEASE
Office buildings
8530 Eagle Point Blvd Lake Elmo, MN 55042
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0983393
For Lease
1 / 3
$8,905,000
8530 Eagle Point Blvd, Lake Elmo, MN 55042
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Property summary
AI-generated overview
This Class A, 12,043 square foot office building in Lake Elmo, Minnesota, offers a variety of workspace solutions. Located at 8530 Eagle Point Blvd., Suite 100, zip code 55042, this property boasts 350 total suites, with 5,870 square feet currently vacant. The building underwent renovations in 2019 and features modern furniture, large windows offering lake views, and convenient elevator access. Suites range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to diverse business needs. The property is ideal for businesses seeking executive office space, coworking arrangements, or creative office environments. Its location in Washington County provides easy access to both the vibrant atmosphere of the Twin Cities and the tranquil setting of Lake Elmo. Multiple tenancy options are available, making it a versatile choice for companies of all sizes. The building's modern design and amenities create a premium work environment. This is a prime opportunity to establish your business in a thriving community with excellent accessibility.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
41,898 SF
Lot
5.06 ac (220,501 SF)
APN
33-029-21-42-0015
UPID
US46-0983393
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
$9.54M
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$8.91M
Owner & transaction history
Dakota Upreit LP · 11 yrs held
Dakota Upreit LP
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.5M
+17.3%
Commercial (general)
$7.4M
+16.3%
Retail stores
$7.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,330,000
6.5%
$9,535,000
7%
$8,855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,350,000
Current use
WAREHOUSE, STORAGE
$7,450,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,380,000
Change: +16% · Conversion: Easy
RETAIL STORES
$7,305,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$8.91M
Range $8.01M – $9.80M · ±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
$213 / 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
$219,692
Tax year 2023
Assessed value
$7,464,600
Assessed 2022
Previous assessed
$7,464,600
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$1,158,100
Assessed improvement
$6,306,500
Land market value
$1,158,100
Improvement market value
$6,306,500
Total market value
$7,464,600
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 Lease
Year built
2007
Heating
NONE
Buildings
1
Total area
41,898 SF
Lot
5.06 ac (220,501 SF)
APN
33-029-21-42-0015
UPID
US46-0983393
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
$6.4M
WAREHOUSE, STORAGE
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$7.4M
RETAIL STORES
Est. value
$7.3M
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
2007
Heating
NONE
Buildings
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
Dakota Upreit LP
Entity
Free & Clear · 11 yrs held
Mailing address
3003 32ND AVE S, FARGO, ND 58103-6163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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, 2025
—
Dakota Upreit Limited Partnership
—
Deed
related
$3,800,000 · Bridgewater Bank
Dec 18, 2014
$6,500,000
Dakota Upreit LP
United Properties Inv 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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