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

    3033 Campus Dr, Plymouth, MN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Highly visible office building with access to I-494 & Hwy 55.

    Type:OFFICE
    Property size:
    29,135 SF
    Lot size:
    19.00 Acres
    Added:
    Oct 5, 2021
    Days on Market:
    1705
    Last Refresh:
    May 20 at 8:54 pm

    Property Features for 3033 Campus Dr

    General Information

    Standard status
    Active
    Size
    29,135 SF
    Lot size
    19.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3033 Campus Dr Contact us

    We can help!

    Listing Contact
    Steve Shepherd, SIOR
    Steve Shepherd, SIOR

    Listing agent Steve Shepherd, SIOR

    Listing office Newmark

    Listing date Oct 5, 2021

    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 Newmark

    HighLights

    • Immediate access to I‑494 & Hwy 55
    • Energy Star award since 2007
    • LEED Gold certification
    • Class A office building with scenic views
    • Efficient floor plates for large and small users
    • BOMA 360 "Performance Building" designation

    Overview

    This Class A office building is situated in a wooded campus, offering scenic views. The property features efficient floor plates suitable for both large and small users. It is located with immediate access to I-494 and Hwy 55, and is less than 10 minutes from Ridgedale Mall. The building has been awarded the Energy Star annually since 2007 and is certified LEED Gold through the US Green Building Council. It has also been awarded the BOMA 360 "Performance Building" designation. The property offers 29135 square feet of space and is located in Plymouth, MN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4546041
    Latitude
    45.0154123

    Nearby Similar for Lease

    • $13 SF/Yr
      438 SF

      Plymouth Office Suite For Rent

      Office suite in Plymouth with private office and front lobby.
      4205 Lancaster Ln N, Plymouth, MN
      View Details
    • $12 SF/Yr
      26,468 SF

      Sublease Space in Convenient Location

      High-quality sublease space with office and warehouse components available for rent.
      4155 Berkshire Ln N, Plymouth, MN 55446
      View Details
    • $22 SF/Yr
      1,426 SF

      Professional Office Building For Rent

      Professional office building with suites and shared amenities available for rent.
      12800 Industrial Park Blvd, Plymouth, MN
      View Details
    • $28 SF/Yr
      2,047 SF

      Retail Space in Plymouth Center

      Retail space for lease in a Cub Foods-anchored center.
      10100-10200 N 6th Ave, Plymouth, MN 55441
      View Details
    • $15 SF/Yr
      3,672 SF

      Plymouth Office Space For Rent

      Office space with highway access and high visibility available for rent.
      3021 Harbor Ln N, Plymouth, MN
      View Details
    • $8 SF/Yr
      5,349 SF

      Plymouth Warehouse Space For Rent

      Warehouse space with I-494 access and nearby amenities.
      1945-2001 Annapolis Ln N, Plymouth, MN 55441
      View Details
    • $96 SF/Yr
      175 SF

      Executive Office Suites For Lease

      Executive office suites available for lease in Plymouth, MN.
      18200 45th Ave N, Plymouth, MN
      View Details
    • Contact for pricing
      789 SF

      Retail Space in Rockridge Center

      Retail spaces available for lease in Plymouth, Minnesota.
      4345-4445 Nathan Ln N, Plymouth, MN 55442
      View Details
    • $17 SF/Yr
      1,897 SF

      Renovated Office Space Available

      Office space with renovated interior and convenient highway access.
      3300 Fernbrook Ln N, Plymouth, MN
      View Details
    • $15 SF/Yr
      3,854 SF

      Plymouth Office Space For Rent

      Office space in Plymouth with highway access and ample parking.
      10405 6th Ave N, Plymouth, MN
      View Details
    • Contact for pricing
      17,600 SF

      Plymouth Industrial Space for Lease

      Industrial space near Minneapolis-St Paul Airport with secure outdoor storage.
      9865 10th Ave N, Plymouth, MN 55441
      View Details
    • $18 SF/Yr
      12,687 SF

      Plymouth Medical/Office Building For Rent

      Medical/Office building with freeway exposure and ample surface parking.
      9750 Rockford Rd, Plymouth, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Highly visible office building with access to I-494 & Hwy 55.
    Where is this office building located?
    The property is located at 3033 Campus Dr Plymouth, MN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Immediate access to I‑494 & Hwy 55; Energy Star award since 2007; LEED Gold certification
    (612) 430-9973 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Shepherd, SIOR
    Steve Shepherd, SIOR
    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
    3033 Campus Dr, Plymouth, MN
    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!