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Property profile & analytics
OFF-MARKET
Estimated value
$15,930,000
Office Spaces
14000 Fairview Dr, Burnsville, MN 55337-5713
Entity Owned
Free & Clear
Property ID
US46-2979072
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1982
Construction
CONCRETE
Total area
97,631 SF
Lot
11.73 ac (511,117 SF)
APN
02-64012-01-010
UPID
US46-2979072
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
-
Park Nicollet Clinic: Rusin Louis J MD Physician
-
Michelle A. Brouillette, MS Physician Medical Clinic
-
Dr. Gerald C. Peterson, MD Physician
-
Hlas Ann M Physician
-
Violette Dawn N Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.88M
Comparable Approach
Comparable
$16.06M
Blend (final)
Blend
$15.93M
Owner & transaction history
PARK NICOLLET CLINIC
PARK NICOLLET CLINIC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.4M
+73.2%
Restaurant
$18.9M
+69.5%
Auto repair, garage
$16.7M
+49.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,530,000
6.5%
$19,875,000
7%
$18,455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,175,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,355,000
Change: +73% · Conversion: Difficult
RESTAURANT
$18,940,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,665,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,870,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$13,915,000
Change: +25% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$11,305,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$15.93M
Range $14.34M – $17.52M · ±10%
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
$163 / 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
$833,026
Tax year 2023
Assessed value
$28,002,200
Assessed 2022
Previous assessed
$26,770,000
+4.6% YoY
Effective rate
2.97%
On assessed value
Assessed land
$2,562,000
Assessed improvement
$25,440,200
Land market value
$2,562,000
Improvement market value
$25,440,200
Total market value
$28,002,200
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Buildings
3
Units
1
Total area
97,631 SF
Lot
11.73 ac (511,117 SF)
APN
02-64012-01-010
UPID
US46-2979072
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.4M
RESTAURANT
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$16.7M
WAREHOUSE, STORAGE
Est. value
$14.9M
RETAIL STORES
Est. value
$13.9M
INDUSTRIAL (GENERAL)
Est. value
$11.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Buildings
3
Units
1
Lot
11.73 ac
Current owner
From public records · entity-resolved
PARK NICOLLET CLINIC
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 16115, SAINT LOUIS PARK, MN 55416-0115
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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