Office Suite in Multi-Tenant
For Sale
Contact for pricing
109-15875 Franklin Trl Se, Prior Lake, MN 55372
Suite 109 offers approximately 1,040 SF of office space with a listed base rent of $19.00 PSF.
Property Size1,040 SF
Price / SF$0.02
Days on Market146
Property Features for 109-15875 Franklin Trl Se
General Information
Standard status
Active
Size
1,040 SF
Taxes and HOA fees
Annual Taxes
$47,114
Listing Agency:
Greystone Real Estate Group
Listed By:
Kevin J LaCasse · License #515100
(651) 430-2024
Source:
Exprealty
Added: Jun 7
Changed: Oct 25
Last Checked: Oct 28 at 1:09PM
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 Greystone Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 109 is an office space in a multi-tenant setting, offering approximately 1,040 SF. The listed base rent is $19.00 PSF.
The suite is located at 109-15875 Franklin Trl SE in Prior Lake, Minnesota, and is offered for sale under the property’s transaction terms.
The suite is located at 109-15875 Franklin Trl SE in Prior Lake, Minnesota, and is offered for sale under the property’s transaction terms.
Key Highlights
- Suite 109 offers approximately 1,040 SF of office space
- Listed base rent is $19.00 per SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,901
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,020
$258.0K
Cap Rate 7%
$184,300
$184.3K
Cap Rate 9%
$143,344
$143.3K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$23.2K $22.32/SF
− Vacancy
−$6.0K −$5.78/SF
EGI
$17.2K $16.54/SF
− OpEx
−$4.3K −$4.13/SF
NOI
$12.9K $12.40/SF
Area
Scott County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,020
Cap Rate 7%
$184,300
Cap Rate 9%
$143,344
Alternative Uses
Best Use
Office B
$184.3K
$161.3K – $215.0K
NOI $12,901 @ 7.0% cap · market cap 67,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 91,415.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 55372, MN
34,327
Population
12,631
Households
2.7
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
58.5 sq mi
ZIP Area
587
Density / Sq Mi
$140,835
Median Household Income
$66,558
Median Earnings
$1,406
Median Rent
$450,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Suite 109 offers approximately 1,040 SF of office space with a listed base rent of $19.00 PSF.
Where is this office unit located?
The property is located at 109-15875 Franklin Trl Se Prior Lake, MN.
What are key features of this property?
This property features: Suite 109 offers approximately 1,040 SF of office space; Listed base rent is $19.00 per SF
