Burnsville Office Building For
For Sale
Contact for pricing
14551 Judicial Rd, Burnsville, MN 55306
18,880 SF office building available in Burnsville, Minnesota.
Property Size18,880 SF
Price / SF$156.25
Days on Market739
Property Features for 14551 Judicial Rd
General Information
Standard status
Active
Size
18,880 SF
Class
A
Property subtype
Office
Lease Type
Net
Net Operating Income
$256,128
Building Details
Year Built
1999
Stories
1
Tenancy
Multi
Listing Agency:
Cerron Properties
Listed By:
Rocky Ranch · License #MN
Source:
Crexi
Added: Sep 27, 2024
Changed: Sep 10
Last Checked: Oct 4 at 6:29AM
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 Cerron Properties
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 18,880 square feet. The property is located in Burnsville, Minnesota and is currently listed for sale.
Key Highlights
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,194
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,683,880
$4.7M
Cap Rate 7%
$3,345,629
$3.3M
Cap Rate 9%
$2,602,156
$2.6M
Market Conditions
NOI Build-Up for 18,880 SF
Gross rent
$421.4K $22.32/SF
− Vacancy
−$109.1K −$5.78/SF
EGI
$312.3K $16.54/SF
− OpEx
−$78.1K −$4.13/SF
NOI
$234.2K $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%
$4,683,880
Cap Rate 7%
$3,345,629
Cap Rate 9%
$2,602,156
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.90M
NOI $234,194 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.65M
$4.07M – $5.42M
NOI $325,227 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 55306, MN
16,984
Population
7,088
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
94%
High-School Grad
6.2 sq mi
ZIP Area
2,739
Density / Sq Mi
$98,012
Median Household Income
$50,120
Median Earnings
$1,610
Median Rent
$366,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - 18,880 SF office building available in Burnsville, Minnesota.
Where is this office building located?
The property is located at 14551 Judicial Rd Burnsville, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Built in 1999
