1789 Woodlane Dr Woodbury, MN 55125
- Commercial real estate
- 11,788 SF
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1789 Woodlane Dr
- Year built
- 1979
- Lot size
- 1.00 lot acres
- Property size
- 11,788 SF
- Property type
- Commercial real estate
- APN
- 07-028-21-41-0028
- APU
- 702821410028
Description
This exceptional two-story office building, totaling 11,760 square feet, is situated on a one-acre lot at 1789 Woodlane Dr, Woodbury, MN 55125. Conveniently located just south of Valley Creek Road, this Class B property underwent a complete renovation in 2022, presenting a modern and updated workspace. The building features a traditional office design, suitable for a variety of professional uses, including dental, medical, legal, or financial services. Currently offering one available suite of 2,586 square feet, the building is ideal for a single tenant or can be subdivided to accommodate multiple tenants. Ample parking is available for both staff and clients. The property benefits from its location within an established business district, surrounded by thriving businesses and retail establishments, ensuring high visibility and convenient access for clients. The building's single-story design and recent renovations offer immediate occupancy and minimal capital expenditure requirements. This presents a unique opportunity to acquire a well-maintained, strategically located office building in a highly desirable Woodbury location. The property is zoned for office use and offers a strong potential for return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $745,000
- 6.5%
- $675,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $690,000
- Retail
- $665,000
- Mixed-Use
- $745,000
- Hospitality
- $725,000
- Educational
- $705,000
- Residential Income
- $850,000
- Energy
- $635,000
- Income-Based Land
- $695,000
- Food Service
- $840,000
Location Insight
- Map
- Local Demand
- City
- Woodbury
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9654
- Latitude
- 44.9237
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA