Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12755 Highway 55 Plymouth, MN 55441

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building in Plymouth, MN, with 112,928 square feet.

    Property size:
    112,928 SF
    Lot size:
    112,928 SF

    Property Features for 12755 Highway 55

    General Information

    Standard status
    Active
    Size
    112,928 SF

    We can help!

    Listing Contact
    Ann Rinde
    Source: Cbre

    Listing Agent: Ann Rinde

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Plymouth Office Space Available

    This office building, located in Plymouth, Minnesota, offers 112,928 square feet of space available for rent. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4289
    Latitude
    45.0038

    Nearby Similar for Lease

    • $22 SF/Yr
      1,426 SF

      Professional Office Building For Rent

      Professional office building with suites and shared amenities available for rent.
      12800 Industrial Park Blvd, Plymouth, MN 55441
      View Details
    • $17 SF/Yr
      6,504 SF

      Plymouth Office Space Available

      6,504 SF office space for lease in Plymouth, MN.
      6000 Nathan Ln N, Plymouth, MN 55442
      View Details
    • $16 SF/Yr
      1,560 SF

      Plymouth Road Office Condo

      Office condo with four offices, reception, kitchenette, and bathroom.
      3515 Plymouth Rd, Plymouth, MN
      View Details
    • $20 SF/Yr
      14,736 SF

      Plymouth Class A Office Space

      Class A office space in Plymouth's Waterford Office Park.
      505 Hwy, Plymouth, MN
      View Details
    • Contact for pricing
      4,045 SF

      Office Showroom Building For Rent

      High image office showroom with extensive glass-line and convenient location.
      14325-14395 23 Ave N, Plymouth, MN
      View Details
    • Contact for pricing
      10,328 SF

      Plymouth Warehouse Space Available

      Industrial warehouse space available for lease in Plymouth, Minnesota.
      2415-2495 Xenium Ln N, Plymouth, MN 55441
      View Details
    • Contact for pricing
      32,144 SF

      Plymouth Distribution Warehouse For Rent

      32,144 SF distribution warehouse with rail access near I-494.
      1000 Berkshire Ln, Plymouth, MN 55441
      View Details
    • Contact for pricing
      20,000 SF

      Plymouth Office Space Available

      20,000 square feet of office space for rent.
      9800 59 Ave N, Plymouth, MN
      View Details
    • Contact for pricing
      6,490 SF

      Warehouse with Air Conditioning

      Warehouse space featuring air conditioning and dock door loading.
      6105 Trenton Ln North, Plymouth, MN 55442
      View Details
    • Contact for pricing
      6,601 SF

      Retail Space on Hwy 55

      Retail space in Plymouth, near Hwy 55 and Vicksburg.
      3505 Vicksburg Ln N, Plymouth, MN 55447
      View Details
    • Contact for pricing
      3,854 SF

      Plymouth Office Space For Rent

      Office space in Plymouth with highway access and ample parking.
      10405 6Th Ave N, Plymouth, MN 55441
      View Details
    • Contact for pricing
      17,600 SF

      Plymouth Warehouse with Outdoor Storage

      17,600 SF warehouse with secure, fenced outdoor storage available.
      9835-9865 10 Ave N, Plymouth, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Plymouth, MN, with 112,928 square feet.
    Where is this office building located?
    The property is located at 12755 Highway 55 Plymouth, MN.
    What are key features of this property?
    This property features: - 112,928 square feet of office space; - Located in Plymouth, MN
    (612) 961-3652
    Request Owner's contact information
    12755 Highway 55 Plymouth, MN 55441
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12755 Highway 55
    Plymouth, MN 55441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12755 Highway 55 Plymouth, MN 55441
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ann Rinde
    (612) 961-3652
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!