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Property profile & analytics
FOR LEASE
Office buildings
880 Blue Gentian Rd Eagan, MN 55121
Entity Owned
7-yr Hold
Free & Clear
Property ID
US46-0825860
For Lease
1 / 2
Contact for pricing
880 Blue Gentian Rd, Eagan, MN 55121
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
CONCRETE
Total area
57,870 SF
Lot
10.22 ac (445,183 SF)
APN
10-30803-01-020
UPID
US46-0825860
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
$5.16M
Blend (final)
Blend
$5.26M
Owner & transaction history
Grand Oak Minnesota Realty LP · 7 yrs held
Grand Oak Minnesota Realty LP
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.5M
+34.6%
Warehouse, storage
$6.7M
+5.2%
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
OFFICE BUILDING
$6,335,000
Current use
MEDICAL BUILDING
$8,525,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$6,665,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,915,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,320,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±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
$91 / 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
$145,514
Tax year 2023
Assessed value
$5,484,600
Assessed 2022
Previous assessed
$5,354,200
+2.4% YoY
Effective rate
2.65%
On assessed value
Assessed land
$1,577,000
Assessed improvement
$3,907,600
Land market value
$1,577,000
Improvement market value
$3,907,600
Total market value
$5,484,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2002
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Total area
57,870 SF
Lot
10.22 ac (445,183 SF)
APN
10-30803-01-020
UPID
US46-0825860
Jurisdiction
DAKOTA
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
$6.3M
MEDICAL BUILDING
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$6.7M
RETAIL STORES
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
CONCRETE
Heating
NONE
Bathrooms
4
Lot
10.22 ac
Current owner
From public records · entity-resolved
Grand Oak Minnesota Realty LP
Entity
Free & Clear · 7 yrs held
Mailing address
1 WORLD TRADE CTR FL 83G, NEW YORK, NY 10007-0139
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
$7,682,100
Grand Oak Minnesota Realty LP
Bpg Grand Oak Bldg II Invtrs L
Grant Deed
—
Oct 25, 2011
—
Bpg Grand Oak Building I Inv
—
Deed Of Trust
related
$49,473,620 · Prudential Insurance Co
Feb 4, 2008
—
Grand Oak Building Bpg II
—
Deed Of Trust
related
$59,675,848 · Prudential Insurance Co
—
—
Bpg Grand Oak Building II Invt
—
Deed Of Trust
related
$4,130,000 · Citizens Bk/pa
—
—
Bpg Grand Oak Building II Invt
—
Deed Of Trust
related
$4,536,000 · Citizens Bk/pa
—
—
Bpg Grand Oak Building II Invt
—
Deed Of Trust
related
$4,130,000 · Citizens Bk/pa
—
—
Grand Oak Building Bpg II
—
Deed Of Trust
related
$4,500,000 · Prudential Insurance Co
—
—
Grand Oak Building Bpg II
—
Deed Of Trust
related
$4,500,000 · Prudential Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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