Class-A Office
9655 Schmidt Lake Rd Plymouth, MN 55442
For Sale
Contact for pricing
Built in 2006, this Class-A office building offers a professional layout within a highly visible Plymouth setting.
Property Size15,127 SF
Price / SF$197.99
Days on Market674
Property Features for 9655 Schmidt Lake Rd
General Information
Standard status
Active
Size
15,127 SF
Property subtype
OFFICE
Listing Agency:
JLL
(651) 253-6395
Listed By:
Chris Garcia · License #20454404
(651) 253-6395
Source:
Moodyscre
Added: Sep 24, 2024
Changed: Jul 27
Last Checked: Jul 28 at 4:03PM
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 JLL
Investment Insights
Based on property information with market context.
9655 Schmidt Lake Road was originally built in 2006 and comprises 15,127 square feet of Class-A office finishes. The space is presented with a professional layout and a sophisticated design intended for office use.
The building is located just off Highway 169 and Schmidt Lake Road, with visibility to both commuter and neighborhood traffic. The surrounding area is described as busy, and the property includes multiple roadway connections in the wider corridor, including a 4-lane connection between County Road 30 and I-94, a connection across I-94 to Highway 610, and ramps to I-94 Eastbound and from I-94 Westbound to the 610 extension, as shown in the remarks.
The building is located just off Highway 169 and Schmidt Lake Road, with visibility to both commuter and neighborhood traffic. The surrounding area is described as busy, and the property includes multiple roadway connections in the wider corridor, including a 4-lane connection between County Road 30 and I-94, a connection across I-94 to Highway 610, and ramps to I-94 Eastbound and from I-94 Westbound to the 610 extension, as shown in the remarks.
Key Highlights
- Built in 2006, Class‑A office building with 15,127 SF of Class‑A office finishes
- Professional layout and sophisticated design intended to fulfill tenant needs
- Located just off Highway 169 and Schmidt Lake Road for high visibility with commuter and neighborhood traffic
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 | $332.2k | $21.96 |
| − Vacancy | −$92.7k | −$6.13 |
| EGI | $239.5k | $15.83 |
| − OpEx | −$59.9k | −$3.96 |
| NOI | $179.6k | $11.87 |
15,127 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $2.99M
NOI $179,631 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,629 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Built in 2006, this Class-A office building offers a professional layout within a highly visible Plymouth setting.
Where is this office building located?
The property is located at 9655 Schmidt Lake Rd Plymouth, MN.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Built in 2006, Class‑A office building with 15,127 SF of Class‑A office finishes; Professional layout and sophisticated design intended to fulfill tenant needs; Located just off Highway 169 and Schmidt Lake Road for high visibility with commuter and neighborhood traffic
