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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1025 Burnsville Ctr Burnsville, MN 55306-4447

    • Super regional malls
    • 609,991 SF
    OFF-MARKET
    Last Sale
    Nov 21, 2023
    Value Estimations
    $7,110,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0082558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Buddy V's Cake Slice / Delivery Restaurant
    • Chuck E. Cheese / Event Venue / Video Arcade

    Property Details for 1025 Burnsville Ctr

    Year built
    1977
    Property size
    609,991 SF
    Property type
    Super regional malls
    APN
    02-16382-01-030
    APU
    21638201030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2892
    Latitude
    44.744
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $815,250
    $6,787,000
    $20,375,500
    $27,162,500
    -
    $6,787,000
    $20,375,500
    $27,162,500

    Comparable in this City

    • Value Estimation
      $2,625,000
      21,656 SF

      501 County Rd 42nd E

      SHOPPING CENTER, STRIP CENTER • 21,656 SF
      501 County Rd 42nd E, Burnsville, MN 55306-4523
      View Details
    • Value Estimation
      $910,000
      6,236 SF

      14350 Buck Hl Rd

      SHOPPING CENTER, STRIP CENTER • 6,236 SF
      14350 Buck Hl Rd, Burnsville, MN 55306-6133
      View Details
    • Value Estimation
      $1,950,000
      13,697 SF

      14270 Buck Hl Rd

      SHOPPING CENTER, STRIP CENTER • 13,697 SF
      14270 Buck Hl Rd, Burnsville, MN 55306-6134
      View Details
    • Value Estimation
      $1,575,000
      12,254 SF

      14321 Nicollet Ct

      SHOPPING CENTER, STRIP CENTER • 12,254 SF
      14321 Nicollet Ct, Burnsville, MN 55306-4500
      View Details
    • Value Estimation
      $2,100,000
      14,348 SF

      1500 Southcross W Dr

      SHOPPING CENTER, STRIP CENTER • 14,348 SF
      1500 Southcross W Dr, Burnsville, MN 55306-6918
      View Details
    • Value Estimation
      $6,620,000
      79,215 SF

      14308 Burnhaven Dr

      MINI-MALL • 79,215 SF
      14308 Burnhaven Dr, Burnsville, MN 55306-4928
      View Details

    Similar Nearby for Sale

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      15,225 SF

      Single-Tenant Walgreens on 1.73 Acres

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    • $2,950,000
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      Burnsville Office Building For Sale

      Fully leased, 18,880 SF office building near retail and restaurants.
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    • $1,399,000
      1.67 Acres

      Commercial Lot Near I-35

      1.67-acre commercial lot with high traffic counts near I-35.
      14450 Nicollet Ct, Burnsville, MN 55306
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    • $225,000
      2.02 Acres

      Tranquil 2-Acre Residential Land

      Two-acre residential lot in Burnsville with potential for custom home.
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      Grand Avenue Office Space - Burnsville

      Prime Burnsville Office, Ample Parking
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    Similar Nearby for Lease

    • $8 SF/Yr
      11,173 SF

      Vibrant Retail Space in Burnsville

      Prime retail location with flexible spaces and high traffic.
      915 County Road 42 W, Burnsville, MN 55306
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    • Contact for pricing
      2,858 SF

      Retail Space in Burnsville Plaza

      Retail space available in Burnsville Plaza near Burnsville Mall.
      14300-14358 Burnhaven Dr, Burnsville, MN 55306
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    • Contact for pricing
      7,727 SF

      Former Restaurant with Freeway Visibility

      Freeway-visible former restaurant with redevelopment potential on 2.7 acres.
      14400 Buck Hill Rd, Burnsville, MN 55306
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    • Contact for pricing
      2,050 SF

      Retail Space in Burnsville

      Retail space with high visibility and accessibility in Burnsville.
      14321 Nicollet Ct, Burnsville, MN 55306
      View Details
    • $8 SF/Yr
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      Burnsville Warehouse and Office Space

      9,641 SF warehouse with office space for lease.
      3200 Corporate Center Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      65,609 SF

      14305 Southcross Dr

      Life science properties • 65,609 SF
      14305 Southcross Dr, Burnsville, MN 55306
      View Details
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    1025 Burnsville Ctr
    Burnsville, MN 55306-4447
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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
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