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Property profile & analytics
FOR LEASE
Distribution centers
11975 Portland Ave Burnsville, MN 55337
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0970302
For Lease
1 / 7
$4,140,000
11975 Portland Ave, Burnsville, MN 55337
View Listing →
Property summary
AI-generated overview
This single-story, 63,979-square-foot Class B building, situated on 4.87 acres in Burnsville, Minnesota's Southwest submarket, offers flexible office and warehouse space. Built in 1985, the property features 14-foot ceilings, eight loading docks, and twelve drive-in doors. Currently, multiple tenants occupy the space, with two suites available, ranging from 2,089 to 4,652 square feet. Located at 11975 Portland Ave, Burnsville, MN 55337, near Hwy 13, this I-1 zoned property benefits from its location in a thriving business community with easy access to major interstates I-35W and I-35E. The Burnsville economy employs approximately 33,700 people, and the city actively supports business development. The property's diverse space options cater to various business needs, making it an ideal location for companies seeking efficient and accessible warehouse and office space in a dynamic business environment. The building's ample loading and drive-in capabilities ensure smooth logistics operations.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
63,863 SF
Lot
4.87 ac (212,137 SF)
Zoning code
R
APN
02-64304-02-071
UPID
US46-0970302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
DG Innovations Advertising Agency Marketing & Advertising
-
BYTEK LLC Tech Support Center (Bike/Boat/Book/etc) Store
-
Hinze Floor Covering General Contractor Renovation Specialist
-
Bugtech Garden Center
-
Architechne Home Appliance Store IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
Burnsville Heights Partners LLC · 5 yrs held
Burnsville Heights Partners LLC
since 2021
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,165,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±10% · vs last sale $4.30M (Jun 23 2021)
Last sale anchor
$4.30M
Jun 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$145,906
Tax year 2023
Assessed value
$5,045,500
Assessed 2022
Previous assessed
$4,884,500
+3.3% YoY
Effective rate
2.89%
On assessed value
Assessed land
$990,400
Assessed improvement
$4,055,100
Land market value
$990,400
Improvement market value
$4,055,100
Total market value
$5,045,500
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
25
Total area
63,863 SF
Lot
4.87 ac (212,137 SF)
Zoning code
R
APN
02-64304-02-071
UPID
US46-0970302
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
25
Lot
4.87 ac
Current owner
From public records · entity-resolved
Burnsville Heights Partners LLC
Entity
Mailing address
2250 UNIVERSITY AVE W416-S, SAINT PAUL, MN 55114-1801
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2021
$4,300,000
Burnsville Heights Partners LLC
Twin Cities Self Storage Chaska LLC
Warranty Deed
$100,000 · Royal Cu
Aug 1, 2018
$3,025,352
Twin Cities Self Storage Chask
Portland Avenue LLC
Warranty Deed
—
Aug 1, 2018
$538,651
Twin Cities Self Storage Chaska LLC
Shaw Family LP
Warranty Deed
$2,000,000 · Us Bank NA
Aug 1, 2018
$425,394
Twin Cities Self Storage Chask
Valentine,michael G & Cheryl Y
Warranty Deed
—
Aug 1, 2018
—
Shaw Family LP No 1
Portland Avenue LLC
Warranty Deed
—
—
—
Portland Avenue LLC
—
Deed Of Trust
related
$2,100,000 · American Equity Inv Life Ins
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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