Single-Level Office
1063 Weir Drive #200, Woodbury, MN 55125
For Sale
$765,000
A 2014-built office unit offers a direct lease, sublease, or purchase option.
Property Size3,148 SF
Price / SF$243.01
Days on Market53
Property Features for 1063 Weir Drive #200
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
HOA Fee
Highway Access
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Chad E Heer · License MN #40427410
(612) 963-5147
Source:
Kerbercastle
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 13 at 3:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Integrity Lakes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,148-square-foot office condominium is configured on one level and was built in 2014. The unit is available for purchase, sublease, or a new direct lease. The current tenant has two years remaining on its lease and is seeking a larger space. A longer-term lease may be arranged with a qualified tenant.
The property is in Woodbury, Minnesota, near I-494 and Valley Creek. Business/Commercial zoning applies. Association dues cover water, sewer, snow removal, garbage service, exterior building insurance, and building and lot maintenance.
The property is in Woodbury, Minnesota, near I-494 and Valley Creek. Business/Commercial zoning applies. Association dues cover water, sewer, snow removal, garbage service, exterior building insurance, and building and lot maintenance.
Key Highlights
- 3,148‑square‑foot office condominium in a one‑level configuration
- Built in 2014
- Business/Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,668
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,360
$873.4K
Cap Rate 7%
$623,829
$623.8K
Cap Rate 9%
$485,200
$485.2K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$78.6K $24.96/SF
− Vacancy
−$20.4K −$6.46/SF
EGI
$58.2K $18.50/SF
− OpEx
−$14.6K −$4.62/SF
NOI
$43.7K $13.87/SF
Area
Washington County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,360
Cap Rate 7%
$623,829
Cap Rate 9%
$485,200
Alternative Uses
Best Use
Office B
$623.8K
$545.9K – $727.8K
NOI $43,668 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$874.4K
$765.1K – $1.02M
NOI $61,209 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 55125, MN
43,846
Population
17,682
Households
2.5
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
15.3 sq mi
ZIP Area
2,866
Density / Sq Mi
$118,129
Median Household Income
$59,102
Median Earnings
$1,805
Median Rent
$396,600
Median Home Value
Market
Properties on Market for Office Units in Washington County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A 2014-built office unit offers a direct lease, sublease, or purchase option.
Where is this office unit located?
The property is located at 1063 Weir Drive #200 Woodbury, MN.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 3,148‑square‑foot office condominium in a one‑level configuration; Built in 2014; Business/Commercial zoning
