Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15322 Galaxie Ave Apple Valley, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with great visibility and ample parking.

    Type:OFFICE
    Property size:
    2,985 SF
    Lot size:
    1.11 Acres
    Added:
    Aug 8, 2025
    Days on Market:
    265
    Last Refresh:
    Apr 5 at 8:04 pm

    Property Features for 15322 Galaxie Ave

    General Information

    Standard status
    Active
    Size
    2,985 SF
    Lot size
    1.11 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 15322 Galaxie Ave Contact us

    We can help!

    Listing Contact
    Tim Little
    Tim Little

    Listing agent Tim Little License #63901-94

    Listing office Re/Max Advantage Plus - Eagan

    Listing date Aug 8, 2025

    Source Moodyscre

    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 Re/Max Advantage Plus - Eagan

    Overview

    Office Space with Private Offices

    This office space offers private offices with full-service gross leases. The location provides great visibility and signage, along with ample parking. Elevator access and ADA compliance are present. All private offices feature windows. Underground parking is available for added convenience. The property is situated two blocks from Dakota County Highway 42 and benefits from a traffic volume of 13,000 vehicles per day on Galaxie Avenue. The space is available for versatile use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Building Supply Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Dental Office Auto Repair Shop Hotel & Motel Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2071
    Latitude
    44.7264

    Nearby Similar for Lease

    • $50 SF/Yr

      Pilot Knob Road Retail Opportunity

      Retail or showroom space in Apple Valley, Minnesota.
      15662 Pilot Knob Road, Apple Valley, MN 55124
      View Details
    • $17 SF/Yr

      Retail Space in Apple Valley

      Retail spaces available in a busy Apple Valley location.
      14050 Pilot Knob Rd, Apple Valley, MN
      View Details
    • Contact for pricing

      Apple Valley Retail/Showroom Opportunity

      Prime retail/showroom space in Apple Valley, Minnesota.
      15662 Pilot Knob Road | Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Retail Space Facing Target

      Endcap retail space in Target-anchored strip center.
      15676 Pilot Knob Rd, Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Fully Leased Retail Space

      Retail space in Apple Valley, Minnesota is 100% leased.
      14750 Cedar Ave S | Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Prime Office Space Available

      Up to 60,000 SF office space for lease.
      15865 Pilot Knob Rd, Apple Valley, MN
      View Details
    • Contact for pricing

      Retail Center 100% Leased

      Retail property in Apple Valley, MN, currently 100% leased.
      7875 150th Street | Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      Professional office space with shared amenities in Apple Valley, MN.
      14501 Granada Dr, Apple Valley, MN
      View Details
    • Contact for pricing

      Retail Space in Apple Valley

      Retail property available for lease in Apple Valley, Minnesota.
      14889 Florence Trl, Apple Valley, MN
      View Details
    • Contact for pricing

      Retail Space in Apple Valley

      Neighborhood retail center with high visibility and diverse tenant mix.
      15083 Flagstaff Ave, Apple Valley, MN
      View Details
    • Contact for pricing

      Retail Space in Apple Valley

      Retail space with high visibility in growing Apple Valley.
      7361-7365 153rd St W, Apple Valley, MN
      View Details
    • Contact for pricing

      Apple Valley Commercial Space Available

      Commercial space for rent in Apple Valley, Minnesota.
      14605 Glazier Ave, Apple Valley, MN 55124
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with great visibility and ample parking.
    Where is this office units located?
    The property is located at 15322 Galaxie Ave Apple Valley, MN.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Full service gross leases at $18.00 base + $9.50 cam & tax; Great visibility & signage; Ample parking & underground parking available
    (952) 432-4900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Little
    Tim Little
    Real Estate License ID: 63901-94
    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!