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

    6160 Summit Dr N Brooklyn Center, MN 55430

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

    Class A office building in Brooklyn Center, Minnesota for lease.

    Type:Office
    Added:
    Jan 3, 2023
    Days on Market:
    1207
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 6160 Summit Dr N

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 6160 Summit Dr N Contact us

    We can help!

    Listing Contact
    Austin Ruehle

    Listing agent Austin Ruehle License #MN 40670943

    Listing office Inventure Real Estate

    Listing date Jan 3, 2023

    Source Crexi

    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 Inventure Real Estate

    Overview

    Class A Office Building

    The 6160 Summit Building is available for lease. This Class A office building is located at the intersection of Interstate 694 and Highway 100 in Brooklyn Center, Minnesota. The building accommodates both medical and general office tenants. Its location provides accessibility to Interstates 494 and 394, and Highways 169, 55, 252, and 47 within the Greater Minneapolis/St. Paul Area. The property is located less than 30 minutes from the Minneapolis/St. Paul Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn Center
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3051648
    Latitude
    45.0666951

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MN, Brooklyn Center - N Summit Dr

      6160 Summit Dr, Unit 200, Brooklyn Center, MN 55430
      View Details
    • Contact for pricing

      Brooklyn Center Office Space Available

      Office spaces with flexible options and convenient amenities for lease.
      6160 Summit Dr, Brooklyn Center, MN
      View Details
    • $24 SF/Yr

      Brooklyn Center Office Space Available

      Office space available for lease in Brooklyn Center, Minnesota.
      6040 Earle Brown Dr, Brooklyn Center, MN
      View Details
    • Contact for pricing

      New Construction Warehouse Space

      New warehouse space with convenient highway access for lease.
      1297 Shingle Creek Crossing, Brooklyn Center, MN 55430
      View Details
    • $17 SF/Yr

      Remodeled Office Space Available

      2,074 SF office space with easy highway access.
      5901 Brooklyn Blvd, Brooklyn Center, MN
      View Details
    • $18 SF/Yr

      Office Space Available in 2026

      Second floor office space available in Brooklyn Center, MN.
      4810 Lilac Dr N, Brooklyn Center, MN
      View Details
    • $24 SF/Yr

      Office Property with Flexible Spaces

      Well-appointed office property with various sized spaces and tenant amenities.
      5701 Shingle Creek Pkwy, Brooklyn Center, MN
      View Details
    • Contact for pricing

      Retail Space in Brooklyn Center

      Retail space available in a high-visibility Brooklyn Center location.
      1560 Shingle Creek Xing, Brooklyn Center, MN
      View Details
    • Contact for pricing

      Retail Space in Brooklyn Center

      Retail space available in a high-traffic Brooklyn Center location.
      1180 Shingle Creek Xing, Brooklyn Center, MN
      View Details
    • $7 SF/Yr

      Warehouse Space with Shared Dock

      9,712 SF warehouse space available for lease.
      1601 67th Ave N, Brooklyn Center, MN
      View Details
    • $6 SF/Yr

      Industrial Space in Brooklyn Center

      Available industrial space suitable for warehousing and manufacturing.
      1600 67th Ave N, Brooklyn Center, MN
      View Details
    • Contact for pricing

      Brooklyn Center Retail Space Available

      Retail space for lease in established neighborhood retail center.
      6800-6840 N Humboldt Ave, Brooklyn Center, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building in Brooklyn Center, Minnesota for lease.
    Where is this office building located?
    The property is located at 6160 Summit Dr N Brooklyn Center, MN.
    What are key features of this property?
    This property features: Class A office building suitable for medical and general office tenants.; **Excellent accessibility** due to its location at the intersection of Interstate 694 and Highway 100.; Proximity to multiple major thoroughfares including Interstates 494 & 394, and Highways 169, 55, 252, and 47.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Ruehle
    Real Estate License ID: MN 40670943
    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!