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

    111 Hundertmark Rd Chaska, MN 55318

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

    Office space available in Chaska, convenient location, ample parking.

    Property size:
    10,262 SF
    Lot size:
    14.26 Acres

    Property Features for 111 Hundertmark Rd

    General Information

    Size
    10,262 SF
    Lot size
    14.26 Acres

    We can help!

    Listing Contact
    Katie Trevena
    Katie Trevena
    Source: Moodyscre

    Listing Agency: Forte Real Estate Partners, LLC Listing Agent: Katie Trevena

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

    Learn more

    Property Insight Report

    Overview

    Chaska Office Space For Rent

    This office space is available for rent at a location with convenient access to Hwy 212 and Hwy 41. The property offers 10,262 square feet of space. On-site amenities include a building conference room and a cafe. The location features abundant free parking. An Emergency Department, Ambulatory Surgery Center and Care Suites are also located on site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Peggy A. Hickey, ... Pediatrician Two Twelve Medical ... Hospital Dr. David L. ... Physician Ridgeview Research Advertising Agency Northstar Counseling Hospital

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chaska
    County
    Carver
    State
    Minnesota
    Longitude
    -93.6011694
    Latitude
    44.8180568

    Nearby Similar for Lease

    • Contact for pricing

      Building with Outdoor Storage Available

      Lease opportunity: flexible layout, A/C, suitable for various businesses.
      3700 Chaska Blvd, Chaska, MN 55318
      View Details
    • Contact for pricing
      284 SF

      Downtown Chaska Office Space

      Office space in downtown Chaska with highway exposure.
      207 N Chestnut St, Chaska, MN 55318
      View Details
    • Contact for pricing

      Chaska Shop with Outside Storage

      4,800 SF shop with +1.25 acres outside storage.
      525 Creekridge Dr, Chaska, MN 55318
      View Details
    • Contact for pricing
      14,603 SF

      Chaska Plaza Retail/Medical Space

      Retail and medical spaces in established Chaska Plaza shopping center.
      3000 Hundertmark Rd, Chaska, MN 55318
      View Details
    • $6 SF/Yr
      31,200 SF

      Functional Warehouse Space Available

      Sublease opportunity in Chanhassen with dock and drive-in loading.
      8115 Century Blvd, Chaska, MN 55318
      View Details
    • Contact for pricing
      38,290 SF

      Chaska Tech Center Warehouse Space

      Modern warehouse space, Chaska, MN. Ideal for business or storage.
      2950 Chaska Blvd, Chaska, MN 55318
      View Details
    • Contact for pricing
      28,538 SF

      Chaska Warehouse with Air Conditioning

      28,538 SF industrial/warehouse space available for sublease in Chaska.
      4264 Norex Dr, Chaska, MN 55318
      View Details
    • Contact for pricing
      5,466 SF

      Class A Medical Building

      Medical building with lake views, ample parking, and on-site facilities.
      110105 Pioneer Trl, Chaska, MN 55318
      View Details
    • Contact for pricing
      1,291 SF

      Retail Space in Chaska Center

      Retail space available in community shopping center in Chaska, MN.
      104-120 Pioneer Trl, Chaska, MN 55318
      View Details
    • Contact for pricing
      31,500 SF

      New Industrial Development in Chaska

      Industrial facility with freeway access and adaptable space.
      1215 Chaska Creek Blvd, Chaska, MN
      View Details
    • Contact for pricing
      38,000 SF

      Chaska Plaza Office Suites

      Prime Chaska location, 400-700 sq ft.
      3000 Hundertmark Rd, Chaska, MN 55318
      View Details
    • Contact for pricing
      189,000 SF

      Modern Warehouse and Distribution Space

      Prime industrial development in Carver, Minnesota, with excellent accessibility.
      Jonathan Carver Pkwy & Levi Griffin Rd, Chaska, MN
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office space available in Chaska, convenient location, ample parking.
    Where is this medical office space located?
    The property is located at 111 Hundertmark Rd Chaska, MN.
    What are key features of this property?
    This property features: - Convenient location at Hwy 212 and Hwy 41; - Abundant Free Parking; - Ambulatory Surgery Center and Care Suites on site
    (612) 481-1699 Call to check price and availability
    Request Owner's contact information
    111 Hundertmark Rd Chaska, MN 55318
    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.
    111 Hundertmark Rd
    Chaska, MN 55318
    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
    111 Hundertmark Rd Chaska, MN 55318
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Katie Trevena
    Katie Trevena
    (612) 481-1699 (952) 854-8290 (952) 525-3332
    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!