Property profile

2255-2263 Waters Dr Mendota Heights, MN 55120

OFF-MARKET
Office Spaces
6,120 SF 4.73 ac lot Built 2010
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 2010
Total area 6,120 SF
Lot 4.73 ac (206,039 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2255-2263 Waters Dr Mendota Heights, MN 55120
Mendota Heights metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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