Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12385 Ottawa Ave Savage, MN 55378

    • Retail space
    • 1,512 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0961301
    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

    • Retail space

    Property Details for 12385 Ottawa Ave

    Lot size
    1.00 lot acres
    Property size
    1,512 SF
    Property type
    Retail space

    Description

    This exceptional retail property, located at 12385 Ottawa Ave in Savage, Minnesota (zip code 55378), offers two available suites totaling 1,512 square feet within a newly renovated (2023) building. Situated in the desirable Old Town Savage/Burnsville submarket of the Minneapolis Twin City Area, this property presents a unique opportunity for salon, barber, nail, or hair businesses. The building itself is a single, two-story structure situated on one acre of land in Scott County. Each suite offers flexibility, with a minimum divisible space of 662 square feet and a maximum contiguous space of 850 square feet. Currently, the entire 1,512 square feet is vacant, providing a blank canvas for a new tenant or the opportunity to lease both suites to separate businesses. The property's location within the vibrant Old Town Savage/Burnsville area ensures high visibility and accessibility to a strong customer base. This is an ideal location for businesses seeking a well-maintained, modern space in a thriving community. The property's recent renovation ensures modern amenities and a move-in ready condition. Don't miss this chance to establish your business in this prime retail location.

    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
    Savage
    County
    Scott
    State
    Minnesota
    Longitude
    -93.3397631
    Latitude
    44.7774711

    Comparable in this City

    • Contact for pricing
      1,187 SF

      Retail Space in Savage, MN

      Retail space available for rent in Savage, Minnesota.
      4735 W 123Rd St, Savage, MN 55378
      View Details
    • Contact for pricing
      14,820 SF

      Retail Property Fronting Hwy 42

      Existing retail property with lease in place until 2033.
      4205 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing

      Retail Space in Savage, MN

      Retail property for lease in Savage, Minnesota.
      7444-7450 Egan Dr, Savage, MN 55378
      View Details
    • $14 SF/Yr
      2,433 SF

      Professional Office Building For Rent

      Well-maintained office building with pond views and convenient access.
      7447 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing
      1,000 SF

      Highway 101 Industrial Property

      Savage, MN: 13 acres, 1,000 sqft building
      9099 Frontage Rd, Savage, MN 55378
      View Details
    • Contact for pricing
      3,960 SF

      Industrial Property with Oversized Door

      Industrial space featuring an oversized drive-in door and office area.
      8215-8300 W 126Th St, Savage, MN 55378
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.52 Acres

      Retail Space in Savage

      Adaptable retail space with high visibility, available February 2026.
      14247 Oconnell Ct, Savage, MN 55378
      View Details
    • $2,500,000
      1.87 Acres

      Fully Leased Strip Mall

      Fully leased strip mall with long-term tenants in Savage, MN.
      4301 Highway 13 W, Savage, MN 55378
      View Details
    • $610,000
      3,810 SF

      Savage Office Condo - Great Investment

      End unit, 3810 sq ft, drive-in door. Immediate occupancy available.
      8696 Eagle Creek Cir, Savage, MN 55378
      View Details
    • $3,850,000
      17,532 SF

      7401 126Th St, Savage, MN 55378

      Investment properties • 17,532 SF
      7401 126Th St, Savage, MN 55378
      View Details
    • Contact for pricing
      6,400 SF

      Savage Warehouse with Outdoor Storage

      6,400 SF warehouse with fenced outdoor storage on 0.87 acres.
      7583 Highway 13 W, Savage, MN 55378
      View Details
    • Contact for pricing

      47.3 Acres of Land

      47.3 acres of land for sale, 9.14 developable.
      126Th St, Savage, MN 55378
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,187 SF

      Retail Space in Savage, MN

      Retail space available for rent in Savage, Minnesota.
      4735 W 123Rd St, Savage, MN 55378
      View Details
    • Contact for pricing
      14,820 SF

      Retail Property Fronting Hwy 42

      Existing retail property with lease in place until 2033.
      4205 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing

      Retail Space in Savage, MN

      Retail property for lease in Savage, Minnesota.
      7444-7450 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing

      Flexible Office and Warehouse Space

      Adaptable office/warehouse space with highway access and multi-tenant potential.
      12400 Princeton Ave, Savage, MN 55378
      View Details
    • $14 SF/Yr
      2,433 SF

      Professional Office Building For Rent

      Well-maintained office building with pond views and convenient access.
      7447 Egan Dr, Savage, MN 55378
      View Details
    • Contact for pricing
      3,960 SF

      Industrial Property with Oversized Door

      Industrial space featuring an oversized drive-in door and office area.
      8215-8300 W 126Th St, Savage, MN 55378
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12385 Ottawa Ave
    Savage, MN 55378
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.