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8401 Seasons Pkwy Woodbury, MN 55125
Sponsored
For Lease
$17 SF/Yr ($17,981 /Mo)
Prime Medical Office Space Available
Lot size:
12,693 SF
Description
Added:
Dec 11, 2024
Days on Market:
415
This exceptional 12,693 square foot medical office building, constructed in 1999, offers multiple tenancy options with two immediately available spaces ranging from 3,158 to 4,886 square feet. Strategically located in the heart of Woodbury, Minnesota, this property boasts convenient access to I-94 via Radio Drive, placing it minutes from a variety of restaurants, retail shops, and hotels. The building's serene setting, nestled in a wooded area with a pond, provides a tranquil atmosphere for both patients and staff. The property enjoys a strong tenant base, including prominent medical practices such as Advent ENT, Metropolitain Endodontics, and HealthPartners, reflecting the area's robust healthcare sector. The building features attractive amenities such as skylights, operable windows, a large atrium, common and private bathrooms, and a lower-level space currently available for lease. One suite offers a current layout including six operatories, a sterilization room, administrative offices, a staff breakroom, a large reception waiting area, and direct access to a private outdoor patio. The building also benefits from a patient drop-off area with an awning, a handicap-accessible entrance, mature landscaping, and ample potential for future expansion. The property's excellent demographics are further enhanced by ongoing new housing construction in the area. This is a rare opportunity to acquire or lease a well-maintained, highly desirable medical office building in a thriving community. The property is also available for sale at $2.8 million.
Property Features for 8401 Seasons Pkwy
General Information
Property type
Medical offices
Lease Type
Gross Lease
RSF (Rentable sq. ft)
12,693 SF
Total Rate
17981.75
Building Details
Year Built
1999
Unit(s) available at that property
Space
Suite 400
Size
3,158 SF
Rate per SF
$17
Space
Suite 200
Size
4,886 SF
Rate per SF
$17
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Listing Contact
Jerry Driessen
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Property Insight Report
HighLights
12,693 SF medical office building built in 1999, offering multiple tenancies.
Two suites available, ranging from 3,158 to 4,886 SF.
Located in Woodbury, MN with convenient I‑94 access via Radio Drive, near amenities and strong demographics.
Building features include skylights, operable windows, a large atrium, common and private bathrooms, and a lower‑level space.
Medical office - Prime Medical Office Space Available
Where is this medical office located?
The property is located at 8401 Seasons Pkwy Woodbury, MN.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 12,693 SF medical office building built in 1999, offering multiple tenancies.; Two suites available, ranging from 3,158 to 4,886 SF.; Located in Woodbury, MN with convenient I-94 access via Radio Drive, near amenities and strong demographics.
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8401 Seasons Pkwy Woodbury, MN 55125
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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
8401 Seasons Pkwy Woodbury, MN 55125
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8401 Seasons Pkwy, Woodbury, MN
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8401 Seasons Pkwy, Woodbury, MN
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