Burnsville Office Building For
For Sale
Contact for pricing
14551 Judicial Rd, Burnsville, MN 55306
18,880 SF office building available in Burnsville, Minnesota.
Property Size18,880 SF
Price / SF$156.25
Days on Market693
Property Features for 14551 Judicial Rd
General Information
Standard status
Active
Size
18,880 SF
Class
A
Property subtype
Office
Lease Type
Net
Net Operating Income
$256,128
Building Details
Year Built
1999
Stories
1
Tenancy
Multi
Listing Agency:
Cerron Properties
Listed By:
Rocky Ranch · License #MN
Source:
Crexi
Added: Sep 27, 2024
Changed: Aug 8
Last Checked: Aug 18 at 12:01PM
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 Cerron Properties
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 18,880 square feet. The property is located in Burnsville, Minnesota and is currently listed for sale.
Key Highlights
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$234,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,683,880
$4.7M
Cap Rate 7%
$3,345,629
$3.3M
Cap Rate 9%
$2,602,156
$2.6M
Market Conditions
NOI Build-Up for 18,880 SF
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.
Gross rent
$421.4K $22.32/SF
− Vacancy
−$109.1K −$5.78/SF
EGI
$312.3K $16.54/SF
− OpEx
−$78.1K −$4.13/SF
NOI
$234.2K $12.40/SF
Area
Dakota County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,683,880
Cap Rate 7%
$3,345,629
Cap Rate 9%
$2,602,156
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.90M
NOI $234,194 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$4.65M
$4.07M – $5.42M
NOI $325,227 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 55306, MN
16,984
Population
7,088
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
94%
High-School Grad
6.2 sq mi
ZIP Area
2,739
Density / Sq Mi
$98,012
Median Household Income
$50,120
Median Earnings
$1,610
Median Rent
$366,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 18,880 SF office building available in Burnsville, Minnesota.
Where is this office building located?
The property is located at 14551 Judicial Rd Burnsville, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Built in 1999
