Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Space Title is generated by Realmo AI

    12750 Nicollet Ave, Burnsville, MN 55337

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Cornerstone Class A office space in the heart of Burnsville.

    Type:Office
    Added:
    Feb 19, 2024
    Days on Market:
    833
    Last Refresh:
    May 12 at 10:44 pm

    Property Features for 12750 Nicollet Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 12750 Nicollet Ave Contact us

    We can help!

    Listing Contact
    Drew Bonjean

    Listing agent Drew Bonjean License #MN 40743909

    Listing office NAI Gateway

    Listing date Feb 19, 2024

    Source Crexi

    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 Gateway

    HighLights

    • Class A office space in an award‑winning building
    • Located in the heart of Burnsville's urban village
    • On‑site full‑service restaurant (Jensen's Cafe)
    • Trendy boutique (Ficus Fig) located in the building
    • Vibrant entertainment options are steps away
    • Modern and flexible layouts with sleek conference rooms and collaborative workspaces

    Overview

    Grande Market Square is an award-winning Class A office space overlooking Burnsville's heart of the city. This building is located within the heart of the city with entertainment options nearby. A full-service restaurant, Jensen's Cafe, is located onsite, serving breakfast, lunch, and dinner. A boutique, Ficus Fig, is also located down the hall. Modern and flexible layouts cater to the needs of businesses, offering conference rooms and collaborative workspaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    ​View My Group (Bike/Boat/Book/etc) Store Judson Phillips Agency ... Insurance Agency Ficus & Fig (Bike/Boat/Book/etc) Store Grand Market B Grocery & Convenience Store Wilbur-Ellis Co Agricultural Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2781937
    Latitude
    44.7723023

    Nearby Similar for Lease

    • $9 SF/Yr
      8,960 SF

      Burnsville Industrial Space For Rent

      Functional industrial space with warehouse and office combination in Burnsville.
      1101-1131 120th St E, Burnsville, MN 55337
      View Details
    • $11 SF/Yr
      2,579 SF

      Burnsville Office/Warehouse Space Available

      2,579 SF office/warehouse with dock door in Burnsville, MN.
      200-230 N River Ridge Cir, Burnsville, MN 55337
      View Details
    • $21 SF/Yr
      1,600 SF

      Office Space on Cliff Road

      Upper level office space with high visibility and flexible layout.
      2605 Cliff Rd E, Burnsville, MN
      View Details
    • $28 SF/Yr
      1,000 SF

      Office Space with Prime Location

      Highly visible office space with easy highway access and parking.
      2801-2809 Cliff Rd E, Burnsville, MN
      View Details
    • $12 SF/Yr
      1,268 SF

      Office/Warehouse Suites For Lease

      Office/warehouse suites for lease with high visibility and ample parking.
      1101-1171 Cliff Rd E, Burnsville, MN
      View Details
    • $13 SF/Yr
      10,742 SF

      Burnsville Office Space Available

      Office space available for lease in Burnsville, Minnesota.
      350 Burnsville Parkway, Burnsville, MN, 55337
      View Details
    • Contact for pricing
      7,744 SF

      Retail Space in Burnsville Center

      Retail space available in Burnsville Shopping Center.
      712-728 County Road 42, Burnsville, MN 55337
      View Details
    • $12 SF/Yr
      3,138 SF

      Burnsville Flex Space Available Now

      Flex space featuring office and warehouse areas, available for lease.
      211 River Ridge Cir S, Burnsville, MN
      View Details
    • Contact for pricing
      1,800 SF

      Renovated Office Complex in Burnsville

      Executive office spaces in a renovated Burnsville office complex.
      15951-13959 W Preserve Blvd, Burnsville, MN
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Burnsville Shoppes

      End-cap retail space with high traffic and pylon signage.
      560 County Road 42 | Burnsville, MN 55337
      View Details
    • Contact for pricing
      122,323 SF

      Retail Space in Burnsville Center

      Retail space available in high-traffic Burnsville shopping center.
      1601-1617 County Road 42 W, Burnsville, MN 55306
      View Details
    • Contact for pricing
      2,991 SF

      Divisible Office Suite For Rent

      Office suite available for rent with easy access and signage.
      13770 Frontier Court, Burnsville, MN, 55337
      View Details

    FAQs

    What type of property is this?
    Office units - Cornerstone Class A office space in the heart of Burnsville.
    Where is this office units located?
    The property is located at 12750 Nicollet Ave Burnsville, MN.
    What are key features of this property?
    This property features: Class A office space in an award‑winning building; Located in the heart of Burnsville's urban village; On‑site full‑service restaurant (Jensen's Cafe)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Drew Bonjean
    Real Estate License ID: MN 40743909
    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

    Thank You for Inquiry
    12750 Nicollet Ave, Burnsville, MN 55337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!