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

    8069-8089 Brooklyn Blvd Brooklyn Park, MN

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

    Target-anchored retail center with 25,060 square feet available.

    Type:RETAIL
    Property size:
    25,060 SF
    Lot size:
    6.77 Acres
    Added:
    Oct 15, 2024
    Days on Market:
    563
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 8069-8089 Brooklyn Blvd

    General Information

    Standard status
    Active
    Size
    25,060 SF
    Lot size
    6.77 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8069-8089 Brooklyn Blvd Contact us

    We can help!

    Listing Contact
    David Daly

    Listing agent David Daly

    Listing office CBRE - Minnesota

    Listing date Oct 15, 2024

    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

    Overview

    Retail Space in Brooklyn Park

    This retail property, anchored by Target, is located off County Road 81 and Brooklyn Boulevard. The property offers 25,060 square feet of space within a 302,827 GLA shopping center.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Crystal Shopping Center — 349 Willow Bend, Crystal, MN 55428
    • i.d. SPOT — Pet Supplies Plus Crystal, 345 Willow Bend, Crystal, MN 55428

    Map

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

    Nearby Similar for Lease

    • Contact for pricing

      Retail/Medical Space for Lease

      Versatile space suitable for retail, medical, or professional services.
      8401-8471 W Broadway Ave, Brooklyn Park, MN
      View Details
    • $45 SF/Yr

      Brooklyn Park Office Suites Available

      Executive office suites in Brooklyn Park, near I-694.
      7100 Northland Cir N, Brooklyn Park, MN
      View Details
    • Contact for pricing

      Retail Space Near Highway 610

      Retail space with frontage on Zane Ave N near Hwy 610.
      5901 94th Ave N, Brooklyn Park, MN, 55443
      View Details
    • Contact for pricing

      Brooklyn Park Retail Space Available

      Retail and restaurant spaces for lease in Brooklyn Park, MN.
      7655-7657 Jolly Ln, Brooklyn Park, MN
      View Details
    • $20 SF/Yr

      Brooklyn Park Office Space Available

      Office space for rent in Brooklyn Park, Minnesota.
      7101 Northland Cir N, Brooklyn Park, MN
      View Details
    • Contact for pricing

      Endcap Flex Space Available

      Endcap space with modern buildout, visible from Highway 169.
      7125 Northland Ter N, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing

      Industrial Space Near Highways 169/610

      Industrial space for lease with easy highway access and visibility.
      9501 Louisiana Ave, Brooklyn Park, MN 55445
      View Details
    • $12 SF/Yr

      Brooklyn Boulevard Retail Center

      Multi-tenant shopping center with high-visibility retail spaces for lease.
      7630-7638 Brooklyn Blvd, Brooklyn Park, MN
      View Details
    • $10 SF/Yr

      Brooklyn Park Office/Warehouse Sublease

      Versatile office/warehouse space in Brooklyn Park available for sublease.
      9210 N Wyoming Ave, Brooklyn Park, MN
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      1,461 SF in-line retail space available for lease.
      9720-9744 Schreiber Terr, Brooklyn Park, MN
      View Details
    • Contact for pricing

      Brooklyn Park Build-to-Suit Opportunity

      Up to 200,000 SF build-to-suit near Highway 610.
      6550 94th Avenue North, Brooklyn Park, MN, 55443
      View Details
    • $26 SF/Yr

      Brooklyn Park Office Space Available

      Office unit available for lease in Brooklyn Park, Minnesota.
      8525 Edinbrook Crossing N, Brooklyn Park, MN
      View Details

    FAQs

    What type of property is this?
    Shopping center - Target-anchored retail center with 25,060 square feet available.
    Where is this shopping center located?
    The property is located at 8069-8089 Brooklyn Blvd Brooklyn Park, MN.
    What are key features of this property?
    This property features: 302,827 GLA; Target anchored center; Located off of County Road 81
    (952) 924-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Daly
    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!