Open-Layout Office
1103 Weir Drive #200, Woodbury, MN 55125
For Sale
$649,900
A conference room, kitchen area with bar seating, and private bathroom access complement the open workspace.
Property Size3,000 SF
Price / SF$216.63
Days on Market67
Property Features for 1103 Weir Drive #200
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
conference room
kitchen area with bar seating
private bathroom access
two private stalls
Building Details
Year Built
Stories
Units
Listing Agency:
RE/MAX Professionals
(651) 455-7000
Listed By:
Aundrea M. Paskett · License MN #20531928
(651) 235-0868
Source:
Kerbercastle
Added: Sep 9
Changed: Nov 13
Last Checked: Nov 14 at 2:44AM
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
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.
This 3,000-square-foot office unit in Woodbury was built in 2006 and has an open workspace, a conference room, a kitchen area with bar seating, private bathroom access, and two private stalls. The layout can remain as configured or be modified. The property is zoned Business/Commercial.
The unit is along I-494, with highway access and a Woodbury address at 1103 Weir Drive, Suite 200.
The unit is along I-494, with highway access and a Woodbury address at 1103 Weir Drive, Suite 200.
Key Highlights
- 3,000 finished square feet
- Open workspace with a conference room
- Kitchen area with bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,615
Cap Rate
6.40%
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 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$833.3K
$729.2K – $972.2K
NOI $58,332 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 conference room, kitchen area with bar seating, and private bathroom access complement the open workspace.
Where is this office unit located?
The property is located at 1103 Weir Drive #200 Woodbury, MN.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 3,000 finished square feet; Open workspace with a conference room; Kitchen area with bar seating
