Add Listing
    For Sale
    • 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

    622 Sunrise Dr Saint Peter, MN 56082

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,050,000

    Excellent owner-user opportunity in a high-visibility, growth-oriented market.

    Type:Office
    Added:
    Feb 26, 2026
    Days on Market:
    55
    Last Refresh:
    Feb 26 at 11:07 pm

    Property Features for 622 Sunrise Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    David Schooff
    David Schooff

    Listing agent David Schooff License #MN #40137517

    Listing office NAI North Star

    Listing date Feb 26, 2026

    Source Naiglobal

    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 NAI North Star

    Overview

    Turnkey Commercial Space For Sale

    Located at 622 Sunrise Drive in Saint Peter, MN, this property presents an excellent owner-user opportunity for businesses seeking to expand or establish a presence in a high-visibility, growth-oriented market. It is suitable for medical clinics, financial services, wellness providers, or administrative offices. The location places a brand at the heart of St. Peter’s bustling commercial district. The property benefits from proximity to Highway 169, River’s Edge Hospital, and Gustavus Adolphus College. It also features ample parking and modern infrastructure. This site supports operational efficiency, client accessibility, and long-term scalability, positioning a business for success in Southern Minnesota’s rising commercial landscape. Daycare space is available for lease. There is acreage available for expansion in a growing district for city services.
    Location Intelligence

    Current Use by Public Records

    Sam & Abes Child ... Daycare Center Sheila E. Anderson, ... Physician Dr. Mohammad J. ... Physician Hikmah Charitable Organization Kevin Hardesty Alternative Medicine Practice

    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.

    Similar Places Nearby

    • Reicks Shelly DVM — 109 E Grace St, St Peter, MN 56082
    • Dr. Mari Feder — 109 County Road 5, St Peter, MN 56082
    • Kind Veterinary Clinic — 109 County Road 5, St Peter, MN 56082
    • Kind Veterinary Service — 109 County Road 5, St Peter, MN 56082

    Location Insight

    • Map
    • Local Demand
    City
    Saint Peter
    County
    Nicollet
    State
    Minnesota
    Longitude
    -93.970496
    Latitude
    44.333558

    Nearby Similar for Sale

    • $999,000
      11,256 SF

      Turnkey Commercial Space in St. Peter

      High-visibility commercial space ideal for medical, financial, or administrative offices.
      622 Sunrise Dr, Saint Peter, MN 56082
      View Details
    • Contact for pricing
      9,864 SF

      Restored Wedding Venue For Sale

      Award-winning, historic wedding venue in thriving downtown corridor.
      419 S Minnesota Ave, Saint Peter, MN 56082
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Excellent owner-user opportunity in a high-visibility, growth-oriented market.
    Where is this medical office space located?
    The property is located at 622 Sunrise Dr Saint Peter, MN.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Turnkey opportunity for owner‑users in a high‑visibility, growth‑oriented market.; Ideal for medical clinics, financial services, wellness providers, or administrative offices.; Proximity to Highway 169, River’s Edge Hospital, and Gustavus Adolphus College.
    (507) 380-7340
    We can help!
    Listing Contact
    David Schooff
    David Schooff
    Real Estate License ID: MN #40137517
    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!