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Property profile & analytics
OFF-MARKET
Estimated value
$11,960,000
Distribution centers
990 Lone Oak Rd Eagan, MN 55121-2263
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0255849
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1989
Construction
CONCRETE
Total area
153,607 SF
Lot
11.41 ac (497,020 SF)
Zoning code
R
APN
10-22502-03-141
UPID
US46-0255849
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
$14.50M
Blend (final)
Blend
$11.96M
Owner & transaction history
Ci Minn I-a LLC · 8 yrs held
Ci Minn I-a LLC
since 2017
6 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
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
WAREHOUSE, STORAGE
$17,695,000
Current use
OFFICE BUILDING
$16,815,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$15,705,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$11.96M
Range $10.76M – $13.16M · ±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
$78 / 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
$244,468
Tax year 2023
Assessed value
$9,018,400
Assessed 2022
Previous assessed
$8,261,900
+9.2% YoY
Effective rate
2.71%
On assessed value
Assessed land
$2,277,100
Assessed improvement
$6,741,300
Land market value
$2,277,100
Improvement market value
$6,741,300
Total market value
$9,018,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Bathrooms
34
Total area
153,607 SF
Lot
11.41 ac (497,020 SF)
Zoning code
R
APN
10-22502-03-141
UPID
US46-0255849
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.7M
OFFICE BUILDING
Est. value
$16.8M
RETAIL STORES
Est. value
$15.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1989
Construction
CONCRETE
Heating
NONE
Bathrooms
34
Lot
11.41 ac
Current owner
From public records · entity-resolved
Ci Minn I-a LLC
Entity
Free & Clear · 8 yrs held
Mailing address
13727 NOEL RD STE #750, DALLAS, TX 75240-1367
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
Cl Minn I-a LLC
—
Deed
related
$76,100,000 · Miscellaneous Ins Co
Aug 8, 2017
—
Ci Minn I-a LLC
Colfin Cobalt I-ii Owner LLC
Grant Deed
related
—
Jan 20, 2015
$19,754,045
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit II
Grant Deed
related
$1,132,750,000 · General Elec Cap
Apr 24, 2013
—
Cobalt Industrial Reit II Trust
—
Deed Of Trust
related
$114,000,000 · Bank Of America
Mar 19, 2004
$16,394,872
Fat Industrial Holdings LLC
First Industrial
Grant Deed
related
$15,450,000 · Archon Financial LP
—
—
Cl Minn I-a LLC
—
Loan Modification
related
$76,100,000 · Miscellaneous Ins 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.
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