Multi-Suite Office
For Sale
$649,900
1103 Weir Drive, Woodbury, MN 55125
Commercial Sale, Woodbury, MN
Property Size3,000 SF
Lot Size0.35 Acres
Price / SF$216.63
Days on Market47
Property Features for 1103 Weir Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business/Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Window features
Display Window(s), Window Treatments
Subdivision
Cic 316
High school district
South Washington County
Directions
494, west on Tamarack Road, south on Weir Drive, building on left.
Standard status
Active
APN
0802821220018
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Condition
Built-Out
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13888
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2006
Roof type
Shingle
Listing Agency:
RE/MAX Professionals · RE/MAX International
Listed By:
Aundrea M. Paskett
(651) 455-7000
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 25 at 4:06PM
MLS# 7141268
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office property was built in 2006 and includes a front suite with its own entrance and an existing lease. The remaining area has an open work layout, a conference room, a kitchen with bar seating, private bathroom access, and two private stalls. Forced-air heating and central air conditioning serve the building, with a shingle roof and parking lot on the 0.345-acre parcel.
Situated on Weir Drive in Woodbury, the property has access to I-494. The separately leased office provides rental income, while the other areas can be retained in their current configuration or altered.
Situated on Weir Drive in Woodbury, the property has access to I-494. The separately leased office provides rental income, while the other areas can be retained in their current configuration or altered.
Key Highlights
- 3,000 square feet of finished office space
- Front office has a separate entrance and an active lease
- Open workspace, conference room, kitchen area with bar seating, and two private stalls
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.
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Open 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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A separately entered front office is leased, while the balance provides shared work and meeting areas.
Where is this office unit located?
The property is located at 1103 Weir Drive 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 square feet of finished office space; Front office has a separate entrance and an active lease; Open workspace, conference room, kitchen area with bar seating, and two private stalls
