Two-Story Office Building
652 Bielenberg Dr Woodbury, MN
For Sale
Contact for pricing
Fully leased office building with high visibility and future metro.
Property Size17,994 SF
Lot Size0.34 Acres
Price / SF$305.66
Days on Market1947
Property Features for 652 Bielenberg Dr
General Information
Standard status
Active
Size
17,994 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Listing Agency:
Crossroads Properties
(651) 307-2371
Listed By:
Mark Young
(651) 307-2371
Source:
Moodyscre
Added: Apr 1, 2021
Changed: Jul 6
Last Checked: Jul 22 at 4:22AM
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 Crossroads Properties
Investment Insights
Based on property information with market context.
This two-story office building presents a prime investment opportunity. The property is fully leased and benefits from a central location with proximity to restaurants, shopping, and dental and medical clinics. Highly visible exterior signage enhances the property's presence. A future Gold Line Metro stop is planned for the area. The location benefits from strong daily traffic counts, exceeding 90,000 vehicles.
Key Highlights
- Fully Leased: Provides immediate rental income.
- Future Gold Line Metro Stop: Enhances accessibility and future property value.
- Strong Daily Traffic Counts (90,000+): Offers high visibility and exposure for tenants.
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 | $449.1k | $24.96 |
| − Vacancy | −$116.3k | −$6.46 |
| EGI | $332.8k | $18.50 |
| − OpEx | −$83.2k | −$4.62 |
| NOI | $249.6k | $13.87 |
17,994 SF · lease $24.96/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.16M
NOI $249,604 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,872 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building with high visibility and future metro.
Where is this office building located?
The property is located at 652 Bielenberg Dr Woodbury, MN.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Fully Leased: Provides immediate rental income.; Future Gold Line Metro Stop: Enhances accessibility and future property value.; Strong Daily Traffic Counts (90,000+): Offers high visibility and exposure for tenants.
