Finished Office Space with Conference
For Sale
$750,000
1103 Weir Dr Unit 200, Woodbury, MN 55125
Finished office space with open layout, conference room, and private bathroom access, with highway visibility along I-494.
Property Size3,000 SF
Price / SF$250
Days on Market85
Property Features for 1103 Weir Dr Unit 200
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Highway Access
Yes
Amenities
Kitchen Area with bar stool counter
Conference Room
Two private stalls
High-visibility location
Flexible floor plan
Private access to bathroom
Building Details
Year Built
2006
Listing Agency:
RE/MAX Professionals
Listed By:
Justin DuChemin
(612) 749-4141
Source:
Chrisfritchteam
Added: Jul 27
Changed: Oct 12
Last Checked: Oct 19 at 9:06AM
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 RE/MAX Professionals
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Investment Insights
Based on property information with market context.
This finished office space offers approximately 3,000 square feet with an open layout and a separate private bathroom access. Interior features include a kitchen area with a bar-stool counter, a conference room, and two private stalls, with the option to use the space as-is or customize the finishes.
The property is located at 1103 Weir Dr in Woodbury, Minnesota, and is positioned for high visibility along Highway 494 with convenient highway access for clients and employees.
According to the listing, the front office area is supported by an income-producing long-term lease in place and includes a separate entrance.
The property is located at 1103 Weir Dr in Woodbury, Minnesota, and is positioned for high visibility along Highway 494 with convenient highway access for clients and employees.
According to the listing, the front office area is supported by an income-producing long-term lease in place and includes a separate entrance.
Key Highlights
- 3,000 finished SF office space in Woodbury with high‑visibility placement along Highway 494 (I‑494).
- Flexible floor plan with an open layout and option to use as‑is or customize finishes.
- Includes conference room plus a kitchen area with bar stool counter.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,615
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,300
$832.3K
Cap Rate 7%
$594,500
$594.5K
Cap Rate 9%
$462,389
$462.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$74.9K $24.96/SF
− Vacancy
−$19.4K −$6.46/SF
EGI
$55.5K $18.50/SF
− OpEx
−$13.9K −$4.62/SF
NOI
$41.6K $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%
$832,300
Cap Rate 7%
$594,500
Cap Rate 9%
$462,389
Alternative Uses
Best Use
Office B
$594.5K
$520.2K – $693.6K
NOI $41,615 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.3K
$729.2K – $972.2K
NOI $58,332 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Finished office space with open layout, conference room, and private bathroom access, with highway visibility along I-494.
Where is this office unit located?
The property is located at 1103 Weir Dr Unit 200 Woodbury, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,000 finished SF office space in Woodbury with high‑visibility placement along Highway 494 (I‑494).; Flexible floor plan with an open layout and option to use as‑is or customize finishes.; Includes conference room plus a kitchen area with bar stool counter.
