Prime Office Space in
1103 Weir Dr Woodbury, MN 55125
1103 Weir Dr, Woodbury, MN, 55125
Contact for pricing
For Sale
Contact for pricing
3,000 SF office space with high visibility on I-494.
Property Size3,000 SF
Price / SF$250
Days on Market84
Property Features for 1103 Weir Dr
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- OFFICE
Listing Agency
Re/Max Professionals - Cottage Grove
(651) 768-0100
Listed by
Justin Fox · License #54840-90
(651) 768-0100
Source
Moodyscre
Added: Apr 24 Checked: Jul 15 at 8:46 pm
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 - Cottage Grove
Investment Insights
Based on property information with market context.
This 3,000-square-foot office space is located in Woodbury, Minnesota, offering high visibility along Highway 494. The space features an open layout with private access to a bathroom. It can be used as-is or completely redesigned. The property is suited for professional office use and other potential business models. It features a kitchen area with a bar stool counter, a conference room, and two private stalls. The location provides excellent exposure with high daily traffic and easy highway access. The property is surrounded by Woodbury’s business community. The front office space has a separate entrance and is currently under a long-term lease, generating income.
Key Highlights
- High‑visibility location directly on Highway 494.
- 3,000 sq ft flexible office space suitable for various business types.
- Income‑producing long‑term lease in place for front office space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.9k | $24.96 |
| − Vacancy | −$19.4k | −$6.46 |
| EGI | $55.5k | $18.50 |
| − OpEx | −$13.9k | −$4.62 |
| NOI | $41.6k | $13.87 |
3,000 SF · lease $24.96/SF/yr · vacancy 25.90% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 3,000 SF office space with high visibility on I-494.
Where is this office units located?
The property is located at 1103 Weir Dr 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: High‑visibility location directly on Highway 494.; 3,000 sq ft flexible office space suitable for various business types.; Income‑producing long‑term lease in place for front office space.
