Prime Apple Valley Commercial
For Sale
Contact for pricing
15290 Pennock Ln, Apple Valley, MN
Excellent location for office, retail, medical, or educational purposes.
Property Size30,888 SF
Lot Size5.01 Acres
Price / SF$152.16
Days on Market389
Property Features for 15290 Pennock Ln
General Information
Standard status
Active
Size
30,888 SF
Lot size
5.01 Acres
Property subtype
OFFICE
Listing Agency:
Transwestern
(612) 359-1674
Listed By:
Francis Richie
(612) 359-1674
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:37AM
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 Transwestern
Investment Insights
Based on property information with market context.
Located in Apple Valley, a growing suburban community in the Twin Cities, the property at 15290 Pennock Lane offers a commercial opportunity. The site benefits from visibility and traffic, with access to amenities. The location is near Cedar Avenue and County Road 42, and in proximity to healthcare providers, retail centers, restaurants, and residential neighborhoods. The property is suitable for office, retail, medical, educational, or mixed-use purposes. The area's demographics, household incomes, and population growth may provide stability for investors or owner-users. The property offers potential for future uses in the southeast metro.
Key Highlights
- Excellent visibility and strong traffic counts due to strategic location near Cedar Avenue and County Road 42.
- Immediate access to a wide range of amenities including healthcare providers, retail centers, and restaurants.
- Located in Apple Valley, a lively and growing suburban community in the Twin Cities.
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 | $689.4k | $22.32 |
| − Vacancy | −$178.6k | −$5.78 |
| EGI | $510.9k | $16.54 |
| − OpEx | −$127.7k | −$4.13 |
| NOI | $383.1k | $12.40 |
30,888 SF · lease $22.32/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$7.60M
$6.65M – $8.87M
NOI $532,077 @ 7.0% cap · market cap 11.32%
Second Best
Office B
$5.47M
$4.79M – $6.39M
NOI $383,145 @ 7.0% cap · market cap 8.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Explore this area
Business Placement
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 building - Excellent location for office, retail, medical, or educational purposes.
Where is this office building located?
The property is located at 15290 Pennock Ln Apple Valley, MN.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Excellent visibility and strong traffic counts due to strategic location near Cedar Avenue and County Road 42.; Immediate access to a wide range of amenities including healthcare providers, retail centers, and restaurants.; Located in Apple Valley, a lively and growing suburban community in the Twin Cities.
