New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,415,000
Strip malls
14001 Grand Ave, Burnsville, MN 55337-5701
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0589360
Property summary
AI-generated overview
McAndrews Center, located at 14001 Grand Ave in Burnsville, MN 55337, offers exceptional retail and showroom space. This single-story, 32,948 square foot Class B building, constructed in 1987 and renovated in 2010, sits on 3.06 acres of land and boasts 12 suites. Spaces range from 1,630 to 7,287 contiguous square feet, with a 10-foot ceiling height throughout. The property features 125 total parking spaces and benefits from a highly visible location along the I-35W corridor, shadow anchored by Home Depot. Prominent signage opportunities exist within this established center, currently home to a mix of local and national tenants including Avis Budget Rent Car Rental, Johnson Wellness & Fitness, Salon Centric, and Ecofun Motorsports. The property is professionally managed and enjoys a strong trade area with major retailers nearby. A tenant improvement allowance is available. The zoning is Retail/Showroom. Annual property taxes and CAM charges are $8.95 per square foot (2024).
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
33,245 SF
Lot
3.06 ac (133,294 SF)
Zoning code
R
APN
02-26103-01-010
UPID
US46-0589360
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
-
MN Pro Store Clothing Store
-
Liberty Oxygen & Medical Equipment Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Mcandrews Center Holdings LLC · 4 yrs held
Mcandrews Center Holdings LLC
since 2021
Last sale
$3.5M
3 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
$3,375,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,675,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.42M
Range $3.07M – $3.76M · ±10% · vs last sale $3.49M (Dec 14 2021)
Last sale anchor
$3.49M
Dec 14 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
$103 / 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
$124,238
Tax year 2023
Assessed value
$4,201,000
Assessed 2022
Previous assessed
$4,446,100
-5.5% YoY
Effective rate
2.96%
On assessed value
Assessed land
$1,013,100
Assessed improvement
$3,187,900
Land market value
$1,013,100
Improvement market value
$3,187,900
Total market value
$4,201,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Total area
33,245 SF
Lot
3.06 ac (133,294 SF)
Zoning code
R
APN
02-26103-01-010
UPID
US46-0589360
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.7M
AUTO REPAIR, GARAGE
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
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
10
Lot
3.06 ac
Current owner
From public records · entity-resolved
Mcandrews Center Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2130 S DUPONT DR, ANAHEIM, CA 92806-6101
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Mcandrews Center Holdings LLC
—
Deed
related
$2,500,000 · Royal Cu
Dec 14, 2021
$3,485,000
Mcandrews Center Holdings LLC
Stewart Properties LLC
Limited Warranty Deed
—
—
—
Stewart Properties LLC
—
Deed Of Trust
related
$3,725,000 · Standard Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14001 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
