Two-Story Office
11974 Portland Ave Burnsville, MN 55337
11974 Portland Ave, Burnsville, MN, 55337
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For Sale
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2,742 sf, two-story office condominium in the Minnesota Valley Town Offices complex with an included garage unit.
Property Size2,742 SF
Price / SF$156.82
Days on Market198
Property Features for 11974 Portland Ave
General Information
- Standard status
- Active
- Size
- 2,742 SF
- Property subtype
- OFFICE
Listing agency
Sett Properties
(763) 726-8100
Listed by
Lamar Newburn, SIOR
(763) 726-8100
Source
Moodyscre
Added: Jan 5 Updated: Jul 22 at 12:46AM Checked: Jul 22 at 12:46AM
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 Sett Properties
Investment Insights
Based on property information with market context.
High-quality, two-story 2,742 sf office condominium is available for sale within the Minnesota Valley Town Offices complex. The property is offered either vacant at sale or with a possible leaseback from the current owner. A dedicated garage unit is included with the condominium.
The office condominium is located in Burnsville, Minnesota, at 11974 Portland Ave. It is part of a multi-unit office condominium complex.
The layout supports an office use in a two-story configuration, with parking/secure access addressed through the included garage unit.
The office condominium is located in Burnsville, Minnesota, at 11974 Portland Ave. It is part of a multi-unit office condominium complex.
The layout supports an office use in a two-story configuration, with parking/secure access addressed through the included garage unit.
Key Highlights
- 2,742 SF, two‑story office condominium in the Minnesota Valley Town Offices complex
- Office condo available for sale with an included garage unit
- Can be available vacant at sale or offered with possible leaseback from the current owner
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $22.32 |
| − Vacancy | −$15.9k | −$5.78 |
| EGI | $45.4k | $16.54 |
| − OpEx | −$11.3k | −$4.13 |
| NOI | $34.0k | $12.40 |
2,742 SF · lease $22.32/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$485.9K
$425.2K – $566.9K
NOI $34,013 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$674.8K
$590.4K – $787.2K
NOI $47,234 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TEC Systems Group ...
Production Facility
Caritas Home Builders ...
Construction Company
Digital Town Inc
(Bike/Boat/Book/etc) Store
Inlanta Financial Services ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 2,742 sf, two-story office condominium in the Minnesota Valley Town Offices complex with an included garage unit.
Where is this office units located?
The property is located at 11974 Portland Ave Burnsville, MN.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,742 SF, two‑story office condominium in the Minnesota Valley Town Offices complex; Office condo available for sale with an included garage unit; Can be available vacant at sale or offered with possible leaseback from the current owner
