Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Single-Level Office/Medical Building For Sale Title is generated by Realmo AI

    505 S 12th Ave W, Virginia, MN

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

    One-level office/medical building with surface parking in Virginia, Minnesota.

    Type:OFFICE
    Property size:
    12,600 SF
    Lot size:
    3.14 Acres
    Price / SF:
    $55/SF
    Added:
    Aug 26, 2025
    Days on Market:
    269
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 505 S 12th Ave W

    General Information

    Standard status
    Active
    Size
    12,600 SF
    Lot size
    3.14 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Greg Follmer
    Greg Follmer

    Listing agent Greg Follmer License #27078

    Listing office Greg Follmer Commercial Real Estate

    Listing date Aug 26, 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 Greg Follmer Commercial Real Estate

    HighLights

    • Single‑level office/medical building offers ease of access.
    • Fully built‑out office interior is ready for immediate occupancy.
    • Excellent surface parking provides ample parking.
    • Aggressively priced to sell.
    • Manageable office/medical facility suitable for various business sizes.
    • Conveniently at grade enhances accessibility.

    Overview

    This single-level office or medical building in Virginia, Minnesota, offers a manageable space with a fully built-out office interior. The property features convenient at-grade access and excellent surface parking. The property is suitable for office or medical use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blue Water Oral ... Dental Office Get ready, something ... Counselor Lakeview Behavioral Health Crisis Center Access To Employment Too ... Social Service Agency Dr. Carol E. ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Critter Care Pet Clinic — 816 S 16th Ave, Virginia, MN 55792, United States

    Location Insight

    • Map
    • Local Demand
    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5532
    Latitude
    47.5184

    Nearby Similar for Sale

    • $150,000
      2,782 SF

      Virginia MN Triplex Investment Property

      Fully rented triplex with strong income potential in Virginia, MN.
      205 5th St, Virginia, MN 55792
      View Details
    • $25,000
      602 SF

      Affordable Commercial Property in Midway

      592 sq ft warehouse generating rental income off Hwy 53.
      73 Midway Drive, Virginia, MN 55792
      View Details
    • $400,000
      11,014 SF

      Downtown Virginia Mixed-Use Opportunity

      Four-story, solid brick building in a prime downtown location.
      214 N 2nd Avenue, Virginia, MN 55792
      View Details
    • $3,797,000

      Uptown Virginia Mall Investment Opportunity

      Grocery-anchored mall with high occupancy and future growth potential.
      1414 South 12th Avenue West | Virginia, MN 55792, MN 55792
      View Details
    • $3,797,000
      57,248 SF

      Grocery Anchored Virginia Mall

      Thriving retail property with high occupancy and growth potential.
      1401-1440 S 12th Ave W, Virginia, MN
      View Details
    • $2,620,690
      49,692 SF

      Hobby Lobby Investment Opportunity

      Corporate leased Hobby Lobby with 9+ years remaining.
      1401 South 12th Avenue, Virginia, MN, Virginia, MN 55792
      View Details
    • $4,650,000
      57,248 SF

      Retail Property in Virginia, MN

      Three-tenant retail property anchored by Aldi, Tractor Supply, and Harbor Freight.
      1422 S 12th Ave W, Virginia, MN 55792
      View Details
    • $329,000
      5,476 SF

      Established Sporting Goods Business For Sale

      Turn-key sporting goods business with inventory, building, and land.
      105 N 3rd Ave, Virginia, MN 55792
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - One-level office/medical building with surface parking in Virginia, Minnesota.
    Where is this medical office space located?
    The property is located at 505 S 12th Ave W Virginia, MN.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Single‑level office/medical building offers ease of access.; Fully built‑out office interior is ready for immediate occupancy.; Excellent surface parking provides ample parking.
    (218) 310-0013 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Follmer
    Greg Follmer
    Real Estate License ID: 27078
    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

    Thank You for Inquiry
    505 S 12th Ave W, Virginia, 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!