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    2060 Centre Pointe Blvd Mendota Heights, MN

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    Single-story office building with park-like setting and ample parking.

    Type:OFFICE
    Property size:
    9,952 SF
    Lot size:
    4.39 Acres
    Added:
    May 24, 2022
    Days on Market:
    1439
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 2060 Centre Pointe Blvd

    General Information

    Standard status
    Active
    Size
    9,952 SF
    Lot size
    4.39 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2060 Centre Pointe Blvd Contact us

    We can help!

    Listing Contact
    Michael Honsa

    Listing agent Michael Honsa

    Listing office Transwestern

    Listing date May 24, 2022

    Source Moodyscre

    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 Transwestern

    Overview

    Mendota Heights Office Tech Building

    This single-story office-tech building is situated in a park-like setting, offering outdoor patios and green space. The property provides ample, free parking. It is located near the Big Rivers Regional Trail along the Mississippi River and offers prime access to freeways I-35E, I-494, highways 62 and 55. The building is in close proximity to MSP International Airport and both downtown Minneapolis and St. Paul, and is within walking distance to historic downtown Mendota. Many nearby hotels, shops and restaurants are located in the area. Local ownership and management are present.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Law Firm Auto Repair Shop Hair Salon Big Box & Wholesale Store Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendota Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1513
    Latitude
    44.8814

    Nearby Similar for Lease

    • $14 SF/Yr

      Mendota Heights Office Space Available

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      Mendota Heights Office Space Sublease

      Sublease opportunity with flexible terms through February 2026.
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      Mixed-Use Development in Mendota Heights

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      Mendota Heights Office Space Available

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      Retail Center with Endcap Space

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      Office Space Available For Rent

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      1250 Northland Drive, #160, Mendota Heights, MN 55120
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      Northland Drive Office Space Available

      Office space for rent at Northland Drive, Mendota Heights.
      1285 & 1295 Northland Drive, #II-300, Mendota Heights, MN 55120
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      Mendota Heights Office Space Available

      Office space for rent in established business park environment.
      1270 Northland Dr, Mendota Heights, MN
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      Mendota Heights Office Suite

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      2203-2313 Waters Dr, Mendota Heights, MN
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      Mendota Heights Warehouse Space

      Warehouse space available for lease in Mendota Heights, Minnesota.
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      Single Story Office Tech Building

      Single-story office building with park-like setting and ample parking.
      1120 Centre Pointe Dr, Mendota Heights, MN
      View Details
    • Contact for pricing

      Mendota Heights Warehouse/Distribution Opportunity

      Warehouse/distribution space with immediate highway access in Mendota Heights, MN.
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    FAQs

    What type of property is this?
    Office building - Single-story office building with park-like setting and ample parking.
    Where is this office building located?
    The property is located at 2060 Centre Pointe Blvd Mendota Heights, MN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime access to freeways I‑35E, I‑494, highways 62 and 55; Close proximity to MSP International Airport and both downtown Minneapolis and St. Paul; Ample, free parking available
    (612) 359-1631 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Honsa
    Learn More
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    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
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