Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apple Valley Office Space Available Title is generated by Realmo AI

    14665 Galaxie Ave, Apple Valley, MN 55124

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office building with double frontage in central Apple Valley.

    Type:Office
    Added:
    Sep 6, 2018
    Days on Market:
    2827
    Last Refresh:
    May 12 at 11:21 pm

    Property Features for 14665 Galaxie Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 14665 Galaxie Ave Contact us

    We can help!

    Listing Contact
    Andy Manthei
    Andy Manthei

    Listing agent Andy Manthei License #20366237

    Listing office Suntide Commercial Realty

    Listing date Sep 6, 2018

    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 Suntide Commercial Realty

    HighLights

    • Excellent exposure due to double frontage on Galaxie Avenue W and 147th Street W.
    • Located in a central area of Apple Valley, MN.
    • Surrounded by leading national, regional, and local businesses.
    • Generous parking available.
    • Nice finishes throughout.
    • Built in 1996.

    Overview

    This office building is located in Apple Valley, Minnesota, at the intersection of Galaxie Avenue W and 147th Street W. The property features double frontage, providing excellent exposure. It is situated in a central area of the city, surrounded by leading national, regional, and local businesses. The Old National Bank Building offers nice finishes throughout. Generous parking is available for both clients and workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Food Market Spa & Massage Center Gym & Fitness Center Nail Salon Grocery & Convenience Store Daycare Center Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2086345
    Latitude
    44.7360729

    Nearby Similar for Lease

    • $17 SF/Yr
      2,781 SF

      Retail Space in Apple Valley

      Retail spaces available in a busy Apple Valley location.
      14050 Pilot Knob Rd, Apple Valley, MN
      View Details
    • Contact for pricing
      6,979 SF

      Apple Valley Retail/Showroom Opportunity

      Prime retail/showroom space in Apple Valley, Minnesota.
      15662 Pilot Knob Road | Apple Valley, MN 55124
      View Details
    • $66 SF/Yr
      2,985 SF

      Office Space with Private Offices

      Office space for rent with great visibility and ample parking.
      15322 Galaxie Ave, Apple Valley, MN
      View Details
    • Contact for pricing
      2,996 SF

      Retail Space Facing Target

      Endcap retail space in Target-anchored strip center.
      15676 Pilot Knob Rd, Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Fully Leased Retail Space

      Retail space in Apple Valley, Minnesota is 100% leased.
      14750 Cedar Ave S | Apple Valley, MN 55124
      View Details
    • Contact for pricing
      2,310 SF

      Retail Space Near CR 42

      Retail space with easy access to CR 42.
      7875 150th St W, Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Retail Center 100% Leased

      Retail property in Apple Valley, MN, currently 100% leased.
      7875 150th Street | Apple Valley, MN 55124
      View Details
    • Contact for pricing

      Apple Valley Commercial Space Available

      Commercial space for rent in Apple Valley, Minnesota.
      14605 Glazier Ave, Apple Valley, MN 55124
      View Details
    • Contact for pricing
      1,798 SF

      Apple Valley Office Suites Available

      Nicely appointed office suites with natural light and great views.
      14665 Galaxie Ave, Apple Valley, MN
      View Details
    • Contact for pricing
      120 SF

      Move-in Ready Office Space Available

      Professional office space with shared amenities in Apple Valley, MN.
      14501 Granada Dr, Apple Valley, MN
      View Details
    • Contact for pricing
      700 SF

      Apple Valley Office Space Available

      700 square feet of office space for lease.
      7373 147th St W, Apple Valley, MN
      View Details
    • Contact for pricing
      7,513 SF

      Retail Space in Apple Valley

      Retail property available for lease in Apple Valley, Minnesota.
      14889 Florence Trl, Apple Valley, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with double frontage in central Apple Valley.
    Where is this office building located?
    The property is located at 14665 Galaxie Ave Apple Valley, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Excellent exposure due to double frontage on Galaxie Avenue W and 147th Street W.; Located in a central area of Apple Valley, MN.; Surrounded by leading national, regional, and local businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Manthei
    Andy Manthei
    Real Estate License ID: 20366237
    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
    14665 Galaxie Ave, Apple Valley, MN 55124
    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!