Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Brooklyn Park Office/Retail Opportunity Title is generated by Realmo AI

    7839 Brooklyn Blvd, Brooklyn Park, MN

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    16,500 SF building on 2.66 acres in Brooklyn Park.

    Type:OFFICE
    Property size:
    16,500 SF
    Lot size:
    2.70 Acres
    Price / SF:
    $187/SF
    Added:
    Feb 22, 2023
    Days on Market:
    1201
    Last Refresh:
    May 20 at 8:48 pm

    Property Features for 7839 Brooklyn Blvd

    General Information

    Standard status
    Active
    Size
    16,500 SF
    Lot size
    2.70 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Gerald Driessen
    Gerald Driessen

    Listing agent Gerald Driessen

    Listing office CBRE - Minnesota

    Listing date Feb 22, 2023

    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 CBRE - Minnesota

    HighLights

    • Zoned TOD‑C - Transit Oriented Development Center District, allowing for diverse development options.
    • Boasting 2.66 acres of land.
    • Potential uses include office, medical, retail, residential, and more.
    • Features a 16,500 SF one‑story building.
    • Garage on property provides additional storage or parking.
    • HVAC - central heating and air conditioning.

    Overview

    This property features a 16,500 square foot one-story building constructed in 1977, situated on 2.66 acres of land. It includes central heating and air conditioning, as well as a garage. The property is zoned TOD-C, Transit Oriented Development Center District, and real estate taxes are estimated at $36,486. Potential uses for the property include office, medical and dental clinics, multiple dwelling, care facility, veterinary services, daycare, restaurant, retail, and service.

    Local 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 $362.3k $21.96
    − Vacancy −$101.1k −$6.13
    EGI $261.2k $15.83
    − OpEx −$65.3k −$3.96
    NOI $195.9k $11.87
    16,500 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.80M
    $2.45M – $3.27M (±1% cap)
    NOI $195,935 @ 7.0% cap · market cap 6.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.94M
    $3.44M – $4.59M (±1% cap)
    NOI $275,559 @ 7.0% cap · market cap 8.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Brooklyn Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3812
    Latitude
    45.0528

    Nearby Similar for Sale

    • $110,000

      Brooklyn Park Restaurant Business Opportunity

      Turnkey restaurant business for sale in Brooklyn Park, Minnesota.
      8570 Edinburgh Center Drive N, Brooklyn Park, MN 55443
      View Details
    • $7,350,000

      Fully Occupied Neighborhood Retail Center

      100% occupied retail center with long-term tenants.
      8401-8479 W Broadway Avenue | Brooklyn Park, MN 55445
      View Details
    • $2,500,000
      12,045 SF

      Automotive/Retail Space Near Home Depot

      Retail or automotive space with freeway visibility and ample parking.
      6771 Boone Ave N, Brooklyn Park, MN
      View Details
    • $22

      Brooklyn Park Retail Opportunity

      Retail suites available in established neighborhood shopping center.
      8401 W Broadway Avenue, Brooklyn Park, MN 55445
      View Details
    • $1,999,999
      27,000 SF

      Retail Property in Brooklyn Park

      Retail property available for sale in Brooklyn Park, Minnesota.
      6900 W Broadway Ave, Brooklyn Park, MN
      View Details
    • Contact for pricing
      181,436 SF

      Brooklyn Park Manufacturing and Warehouse

      Manufacturing and warehouse space with highway access in Brooklyn Park.
      9435 Winnetka Ave N, Brooklyn Park, MN
      View Details
    • Contact for pricing
      180,000 SF

      Brooklyn Park Warehouse Space

      180,000 SF warehouse space available for lease.
      Jefferson Hwy, Brooklyn Park, MN
      View Details
    • Contact for pricing
      157,500 SF

      Industrial Property in Brooklyn Park

      157,500 SF industrial property in Brooklyn Park, Minnesota.
      Hwy 169 N, Brooklyn Park, MN
      View Details
    • Contact for pricing
      165,000 SF

      Brooklyn Park Warehouse Space

      165,000 square foot warehouse in Brooklyn Park, Minnesota.
      109th Ave N, Brooklyn Park, MN
      View Details
    • Contact for pricing

      Commercial Property for Sale

      Commercial property available for sale in Brooklyn Park, Minnesota.
      7624 Boone Avenue North, Brooklyn Park, MN 55428
      View Details

    FAQs

    What type of property is this?
    Office building - 16,500 SF building on 2.66 acres in Brooklyn Park.
    Where is this office building located?
    The property is located at 7839 Brooklyn Blvd Brooklyn Park, MN.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Zoned TOD‑C - Transit Oriented Development Center District, allowing for diverse development options.; Boasting 2.66 acres of land.; Potential uses include office, medical, retail, residential, and more.
    (612) 336-4310 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gerald Driessen
    Gerald Driessen
    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
    7839 Brooklyn Blvd, Brooklyn Park, 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!