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    Property profile & analytics

    14001 Grand Ave Burnsville, MN 55337

    • Strip malls
    • 33,245 SF
    • 3.06 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Dec 14, 2021
    $3,485,000
    Value Estimations
    $3,375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0589360
    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

    • MN Pro Store / Clothing Store
    • Liberty Oxygen & Medical Equipment / Oxygen Equipment Supplier / Medical Equipment Supplier

    Property Details for 14001 Grand Ave

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    3.06 lot acres
    Property size
    33,245 SF
    Zone code
    R
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-26103-01-010
    APU
    22610301010

    Description

    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).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,375,000
      ML approach
      $3,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2833
    Latitude
    44.7496
    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
    $124,238
    $1,013,100
    $3,187,900
    $4,201,000
    -
    $1,013,100
    $3,187,900
    $4,201,000

    Comparable in this City

    • Value Estimation
      $370,000
      15,933 SF

      1100 County Rd 42nd E

      SHOPPING CENTER, STRIP CENTER • 15,933 SF
      1100 County Rd 42nd E, Burnsville, MN 55337-6729
      View Details
    • Value Estimation
      $1,000,000
      31,907 SF

      2000 County Rd 42nd W

      SHOPPING CENTER, STRIP CENTER • 31,907 SF
      2000 County Rd 42nd W, Burnsville, MN 55337-6925
      View Details
    • Value Estimation
      $320,000
      9,386 SF

      14600 10th S Ave

      SHOPPING CENTER, STRIP CENTER • 9,386 SF
      14600 10th S Ave, Burnsville, MN 55337-4643
      View Details
    • Value Estimation
      $395,000
      12,101 SF

      2901 Clf E Rd

      SHOPPING CENTER, STRIP CENTER • 12,101 SF
      2901 Clf E Rd, Burnsville, MN 55337-3303
      View Details
    • Value Estimation
      $345,000
      5,880 SF

      1404 County Rd 42nd W

      SHOPPING CENTER, STRIP CENTER • 5,880 SF
      1404 County Rd 42nd W, Burnsville, MN 55337-6202
      View Details
    • Value Estimation
      $1,180,000
      105,607 SF

      1901 Clf E Rd

      SHOPPING CENTER, STRIP CENTER • 105,607 SF
      1901 Clf E Rd, Burnsville, MN 55337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15 SF

      Retail Center in Burnsville, MN

      Retail property in a high-traffic area of Burnsville, Minnesota.
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      33,350 SF

      Burnsville Industrial/Retail Opportunity For Sale

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      NNN Leased Retail Investment Property

      Retail property with a long-term absolute NNN lease.
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      901 Cliff Rd E Warehouse - Burnsville, MN

      Spacious Burnsville warehouse, ideal for industrial use.
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      Top-Floor Condo in 55+ Community

      Charming 2-bedroom condo with nature views and updated features.
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      Burnsville Office Building For Sale

      One-story office building in McAndrews Commons business park.
      13770 Frontier Ct, Burnsville, MN 55337
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    Similar Nearby for Lease

    • Contact for pricing
      908 SF

      Retail Space in Eagle Trace Center

      Highly visible retail center with easy access and optimal exposure.
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      Retail Space in Burnsville, MN

      Neighborhood strip center with high visibility in Burnsville, MN.
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      View Details
    • Contact for pricing
      2,782 SF

      Retail Space in Burnsville Marketplace

      Retail spaces available in Burnsville Marketplace with high traffic exposure.
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      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Burnsville Shops

      End cap retail space with pylon signage available for lease.
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      View Details
    • $14 SF/Yr
      13,957 SF

      Burnsville Retail Space For Lease

      1,345 SF Retail Space Available in Burnsville, MN
      13959 Grand Ave, Burnsville, MN 55337
      View Details
    • Contact for pricing
      55,209 SF

      Cliffview Center: Burnsville Warehouse

      Versatile Warehouse Space, Excellent Location
      1101-1163 Cliff Rd, Burnsville, MN 55337
      View Details
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    Burnsville, MN 55337
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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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