2255-2263 Waters Dr, Mendota Heights, MN 55120
This exceptional investment opportunity presents a two-story, 6,120-square-foot Class B office condo building situated on a 4.73-acre lot in Mendota Heights, Minnesota. Built in 2010, the property boasts a 100% occupancy rate, generating a strong return on investment. The building features a multi-tenant configuration, ideal for diverse income streams. The asking price is $475,000, translating to $77.50 per square foot. Conveniently located at 2255-2263 Waters Drive, 55120, this property offers easy access to I-494 and Highway 6, ensuring excellent accessibility for tenants and clients. The property benefits from on-building signage and direct entry for each unit. The zoning is designated as "I," and the building includes garden-level walk-out spaces. This well-maintained property presents a rare opportunity to acquire a fully occupied, high-performing office complex in a desirable location. The property consists of one building with two stories.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.