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

    1120 Centre Pointe Dr Mendota Heights, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

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

    Type:OFFICE
    Property size:
    12,280 SF
    Lot size:
    2.83 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 1120 Centre Pointe Dr

    General Information

    Standard status
    Active
    Size
    12,280 SF
    Lot size
    2.83 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Michael Honsa

    Listing agent Michael Honsa

    Listing office Transwestern

    Listing date Nov 23, 2025

    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

    Single Story Office Tech Building

    This single-story office-tech building is situated in a park-like setting, offering outdoor patios and green space. The location provides ample, free parking. The Big Rivers Regional Trail runs along the Mississippi River nearby. The property has prime access to freeways I-35E, I-494, highways 62 and 55. MSP International Airport and both downtown Minneapolis and St. Paul are in close proximity. The building is within walking distance of historic downtown Mendota. Many hotels, shops and restaurants are located nearby. Local ownership and management are in place. The property contains 12280 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply 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
    -93.1479
    Latitude
    44.8803

    Nearby Similar for Lease

    • $14 SF/Yr

      Mendota Heights Office Space Available

      Office space for rent in established business park environment.
      1210 Northland Dr, Mendota Heights, MN
      View Details
    • $15 SF/Yr

      Mendota Heights Office Space Sublease

      Sublease opportunity with flexible terms through February 2026.
      1295 Northland Dr, Mendota Heights, MN
      View Details
    • Contact for pricing

      Mixed-Use Development in Mendota Heights

      Mixed-use development serving Mendota Heights and Sunfish Lake communities.
      720-750 Main Street | Mendota Heights, MN 55118
      View Details
    • Contact for pricing

      Mendota Heights Office Space Available

      Office spaces available for rent in Mendota Heights, Minnesota.
      1285 & 1295 Northland Drive, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Retail Center with Endcap Space

      Retail center with endcap and small shop space available.
      750-778 Hwy 110, Mendota Heights, MN
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 1250 Northland Drive.
      1250 Northland Drive, #160, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Northland Drive Office Space Available

      Office space for rent at Northland Drive, Mendota Heights.
      1285 & 1295 Northland Drive, #II-300, Mendota Heights, MN 55120
      View Details
    • $14 SF/Yr

      Mendota Heights Office Space Available

      Office space for rent in established business park environment.
      1270 Northland Dr, Mendota Heights, MN
      View Details
    • Contact for pricing

      Mendota Heights Office Suite

      Office suite with conference room, kitchen, and private bathroom.
      2203-2313 Waters Dr, Mendota Heights, MN
      View Details
    • Contact for pricing

      Mendota Heights Warehouse Space

      Warehouse space available for lease in Mendota Heights, Minnesota.
      2425 Enterprise Drive, Mendota Heights, MN, 55120
      View Details
    • Contact for pricing

      Mendota Heights Warehouse/Distribution Opportunity

      Warehouse/distribution space with immediate highway access in Mendota Heights, MN.
      2444 Enterprise Dr, Mendota Heights, MN
      View Details
    • $14 SF/Yr

      Single Story Office Tech Building

      Single-story office building in park-like setting with ample parking.
      1140 Centre Pointe Dr, Mendota Heights, MN
      View Details

    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 1120 Centre Pointe Dr Mendota Heights, MN.
    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 is available
    (612) 343-4200 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
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!