Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    405 Summit Lane E Burnsville, MN 55337

    View on Map
    For Sale
    $95,000

    Lots & Land - Burnsville, MN

    Lot size:
    0.26 Acres
    Added:
    Aug 16, 2025
    Days on Market:
    229
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for 405 Summit Lane E

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    022740000081
    Lot size
    0.26 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    50

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Bess Gouette

    Listing agent Jennifer Bess Gouette

    Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN

    Listing date Aug 16, 2025

    MLS# 6773668 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Established Neighborhood

    This residential land is located in a quiet cul-de-sac within an established neighborhood. The site offers convenient access to retail establishments and restaurants, with quick connections to major highways. Essential utilities, including water, gas, and sewer, have been stubbed in, and the curb has been cut in preparation for a driveway. A survey of the 0.26-acre lot is available, making it ready for a builder.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2707317
    Latitude
    44.7546519

    Nearby Similar for Sale

    • $1,100,000

      Functional Office Building in Burnsville

      Versatile office building in Frontier Industrial Park, Burnsville, MN.
      13786 Frontier Court, Burnsville, MN 55337
      View Details
    • $1,100,000

      Burnsville Office Building For Sale

      One-story office building in McAndrews Commons business park.
      13770 Frontier Court, Burnsville, MN 55337
      View Details
    • $214,900

      Burnsville Land: Build Your Dream

      Large, secluded 1.99-acre lot in Burnsville ready for development.
      155xx Loop Road S, Burnsville, MN 55306
      View Details
    • $224,900

      Burnsville Office Space For Sale

      Four-level office space in Burnsville, MN, with highway access.
      14589 Grand Avenue S, Burnsville, MN 55306
      View Details
    • $158,000

      Burnsville Land Ready to Build

      Nearly half-acre lot in Burnsville, ready for your dream home.
      13420 Nicollet Lane, Burnsville, MN 55337
      View Details
    • $2,200,000
      11,576 SF

      Professional Office Building with Amenities

      Office building with excellent accessibility, interior finishes, and amenities.
      181 River Ridge Cir S, Burnsville, MN
      View Details
    • $217,900

      Residential Land in Burnsville, MN

      Three residential lots with potential for multiple homes.
      Woodhill Road, Burnsville, MN 55337
      View Details
    • $3,100,000
      15,225 SF

      Single-Tenant Walgreens on 1.73 Acres

      Freestanding retail property on a high-traffic retail corridor.
      14700 Lac Lavon Dr, Burnsville, MN
      View Details
    • $20
      31,640 SF

      Burnsville Commercial Property for Sale

      31,640 SF commercial property available in Burnsville, Minnesota.
      12750 Nicollet Avenue, Burnsville, MN 55337
      View Details
    • $149,250
      384 SF

      Burnsville Office Space For Rent

      Office space available for rent in Burnsville, Minnesota.
      1301 Cliff Rd E, Burnsville, MN
      View Details
    • $2,302,800
      15,352 SF

      Highway Frontage Commercial Building

      15,352 SF mixed-use building with highway visibility in Burnsville.
      2401 Hwy 13 W, Burnsville, MN 55337
      View Details
    • $650,000

      Burnsville Corner Commercial Opportunity

      Versatile property with auto repair, fuel sales, and retail.
      14801 County Road 5, Burnsville, MN 55306
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Burnsville, ready for building.
    Where is this residential land & home lot located?
    The property is located at 405 Summit Lane E Burnsville, MN.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Located in a quiet cul‑de‑sac.; Water, gas, and sewer are stubbed in.; Curb has been cut for driveway.
    (952) 451-1207
    We can help!
    Listing Contact
    Jennifer Bess Gouette
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!