14020 Pilot Knob Rd Apple Valley, MN 55124-6601
Property Lookup
Property profile & analytics
14020 Pilot Knob Rd Apple Valley, MN 55124-6601
- Retail space
- 14,672 SF
- 1.44 lot acres
Property ID
US46-1009587
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 14020 Pilot Knob Rd
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 1.44 lot acres
- Property size
- 14,672 SF
- Property type
- Retail space
- APN
- 01-22528-01-020
- APU
- 12252801020
Description
This exceptional investment opportunity presents a fee-simple Walgreens pharmacy located at 14020 Pilot Knob Rd, Apple Valley, MN 55124. The property boasts 14,672 square feet on a 1.44-acre lot with 55 parking spaces. Built in 2005 and renovated in 2011, the building is situated on a signalized, hard corner intersection offering excellent visibility. The property benefits from a strong location within a dense retail corridor, directly across from multiple schools, and enjoys a high-traffic count due to its prominent placement. The Walgreens lease, an absolute NNN lease with a corporate guarantee, provides significant security and minimal landlord responsibilities. With a remaining lease term of 6.3 years and 10 five-year renewal options, this investment offers long-term stability. The property features a strong NOI of $289,000, resulting in an attractive 8.89% cap rate. The strong demographics within the 5-mile trade area, including six-figure incomes, further enhance the investment's appeal. The property is zoned RB: Retail Business and has an APN of 01-22528-01-020. This is a rare opportunity to acquire a high-performing, nationally-branded retail property in a prime location within the Minneapolis MSA. The asking price is $3,250,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,090,000 Current use
- AUTO REPAIR, GARAGE
- $2,505,000 Change: +20% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,235,000 Change: +7% Conversion: Difficult
- OFFICE BUILDING
- $1,780,000 Change: -15% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.176
- Latitude
- 44.746
- 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
$68,794
$726,200
$1,684,500
$2,410,700
-
$726,200
$1,684,500
$2,410,700
