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Property profile & analytics
FOR LEASE
Industrial properties
990 Apollo Rd, Eagan, MN 55121
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-1342561
For Lease
$3,310,000
990 Apollo Rd, Eagan, MN 55121
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
CONCRETE
Total area
192,000 SF
Lot
5.8 ac (252,648 SF)
Zoning code
R
APN
10-22520-01-012
UPID
US46-1342561
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
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Msp Indl Portfolio Owner LLC · 8 yrs held
Msp Indl Portfolio Owner LLC
since 2017
5 recorded transactions
Zoning & alternative use
R · Eagan, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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
$137,270
Tax year 2023
Assessed value
$4,781,400
Assessed 2022
Previous assessed
$4,185,100
+14.2% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,136,100
Assessed improvement
$3,645,300
Land market value
$1,136,100
Improvement market value
$3,645,300
Total market value
$4,781,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1970
Construction
CONCRETE
Heating
NONE
Bathrooms
14
Total area
192,000 SF
Lot
5.8 ac (252,648 SF)
Zoning code
R
APN
10-22520-01-012
UPID
US46-1342561
Jurisdiction
DAKOTA
Zoning & alternative use
R · Eagan, MN
Zoning R · permitted uses
R · Eagan, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eagan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Bathrooms
14
Lot
5.8 ac
Current owner
From public records · entity-resolved
Msp Indl Portfolio Owner LLC
Entity
Mailing address
5201 EDEN AVE STE #50, EDINA, MN 55436-2367
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
Erg Cp Square A & E Owner LLC
—
Deed
related
$57,270,000 · New York Life Insurance Company
Jun 25, 2019
—
Msp Indl Portfolio Owner LLC
—
Deed
related
$130,228 · Wells Fargo Bk
Nov 27, 2017
$26,450,000
Msp Indl Portfolio Owner LLC
Ax Tc Industrial II LP
Trustees Deed
$52,850,000 · Acrc Lender
Apr 1, 2011
$16,400,000
Tc Industrial Ax II
Amb Property LP
Grant Deed
—
—
—
Msp Indl Portfolio Owner LLC
—
Deed Of Trust
related
$130,228 · Wells Fargo Bk
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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