Office Condominium
For Sale
Contact for pricing
11979 Co Rd 11, Burnsville, MN 55337
B-1 zoning allows professional office, medical, and service-oriented uses.
Property Size2,112 SF
Price / SF$141
Days on Market12
Property Features for 11979 Co Rd 11
General Information
Standard status
Active
Size
2,112 SF
Class
Class B
Property subtype
OFFICE
Zoning
B-1
Additional Details
Highway Access
Yes
Listing Agency:
RE/MAX Results Commercial
(612) 839-2323
Listed By:
Scott Schultz · License #40244941
(952) 223-0788
Source:
Moodyscre
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 4 at 9:46AM
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 RE/MAX Results Commercial
Investment Insights
Based on property information with market context.
This 2,112-square-foot office condominium is in a professionally managed Class B building. The property is zoned B-1, the Office Business District, and is described for office, medical, and service-oriented occupancy.
The Burnsville property at 11979 Co Rd 11 is near Highway 13 and County Road 11.
The Burnsville property at 11979 Co Rd 11 is near Highway 13 and County Road 11.
Key Highlights
- 2,112 square feet of office condominium space
- Class B building with professional management
- B‑1 (Office Business District) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,198
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,960
$524.0K
Cap Rate 7%
$374,257
$374.3K
Cap Rate 9%
$291,089
$291.1K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$47.1K $22.32/SF
− Vacancy
−$12.2K −$5.78/SF
EGI
$34.9K $16.54/SF
− OpEx
−$8.7K −$4.13/SF
NOI
$26.2K $12.40/SF
Area
Dakota County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,960
Cap Rate 7%
$374,257
Cap Rate 9%
$291,089
Alternative Uses
Best Use
Healthcare Medical
$519.7K
$454.8K – $606.4K
NOI $36,381 @ 7.0% cap · market cap 12.13%
Second Best
Office B
$374.3K
$327.5K – $436.6K
NOI $26,198 @ 7.0% cap · market cap 8.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 55337, MN
47,333
Population
19,695
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
18.7 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,641
Median Household Income
$46,602
Median Earnings
$1,463
Median Rent
$327,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - B-1 zoning allows professional office, medical, and service-oriented uses.
Where is this office units located?
The property is located at 11979 Co Rd 11 Burnsville, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,112 square feet of office condominium space; Class B building with professional management; B‑1 (Office Business District) zoning
