Finished Office Space with Conference
1103 Weir Dr Woodbury, MN 55125
For Sale
Contact for pricing
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 Market97
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
Changed: Jul 28
Last Checked: Jul 28 at 10:39AM
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 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 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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Finished office space with open layout, conference room, and private bathroom access, with highway visibility along 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: 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.
