Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14321 Nicollet Ct Burnsville, MN 55306
    Back to Search
    Property profile & analytics

    14321 Nicollet Ct, Burnsville, MN 55306

    View on Map
    • Strip malls
    • 12,254 SF
    • 1.30 lot acres
    For Lease
    $1,575,000
    View Listing →
    Retail Space in Burnsville For Lease
    $1,575,000
    2,050 SF

    Retail Space in Burnsville

    Retail space available for lease in Burnsville, Minnesota.

    14321 Nicollet Court, Burnsville, MN 55306
    View Listing
    Property ID
    US46-1083943
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Secure VoIP Phones Burnsville / Telecommunications Service
    • Steven Nelson / Alternative Medicine Practice
    • Helpertech Cell Phone Repair Burnsville / Computer & Electronic Repair / Tech Support Center
    • Sara Rohrer Tuchscherer / Dental Office
    • Paul Emery Krech / Dental Office

    Property Details for 14321 Nicollet Ct

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    1.30 lot acres
    Zone code
    R
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02-75850-01-060
    APU
    27585001060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 3, 2025 — Nicollet Retail LLC — Deed · related $985k · Bridgewater Bank
    Mar 24, 2016 $1,375,000 Frontier 413 LLC Wooddale A LLC Warranty Deed $1.1M · Firefly Federal Credit Union
    Sep 1, 2005 $500 Wooddale A LLC Traiser,william H & Margaret L Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,430,000
      Current use
      RESTAURANT
      $2,375,000
      Change: -2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,090,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2798
    Latitude
    44.7437
    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
    $51,536
    $653,700
    $1,124,100
    $1,777,800
    -
    $653,700
    $1,124,100
    $1,777,800

    Comparable in this City

    • Value Estimation
      $2,625,000
      21,656 SF

      501 County Rd 42nd E

      SHOPPING CENTER, STRIP CENTER
      501 County Rd 42nd E, Burnsville, MN 55306-4523
      View Details
    • Value Estimation
      $910,000
      6,236 SF

      14350 Buck Hl Rd

      SHOPPING CENTER, STRIP CENTER
      14350 Buck Hl Rd, Burnsville, MN 55306-6133
      View Details
    • Value Estimation
      $1,950,000
      13,697 SF

      14270 Buck Hl Rd

      SHOPPING CENTER, STRIP CENTER
      14270 Buck Hl Rd, Burnsville, MN 55306-6134
      View Details
    • Value Estimation
      $2,100,000
      14,348 SF

      1500 Southcross W Dr

      SHOPPING CENTER, STRIP CENTER
      1500 Southcross W Dr, Burnsville, MN 55306-6918
      View Details
    • Value Estimation
      $7,110,000
      609,991 SF

      1025 Burnsville Ctr

      REGIONAL SHOPPING CENTER, MALL
      1025 Burnsville Ctr, Burnsville, MN 55306-4447
      View Details
    • Value Estimation
      $6,620,000
      79,215 SF

      14308 Burnhaven Dr

      MINI-MALL
      14308 Burnhaven Dr, Burnsville, MN 55306-4928
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,489 SF

      Wells Fargo Ground Lease Opportunity

      Drive-thru ground lease with strong demographics and high visibility.
      925 Cty Rd 42 W, Burnsville, MN 55306
      View Details
    • Contact for pricing

      Burnsville Corner Commercial Opportunity

      Versatile property with auto repair, fuel sales, and retail.
      14801 County Road 5, Burnsville, MN 55306
      View Details
    • Contact for pricing
      15,225 SF

      Single-Tenant Walgreens on 1.73 Acres

      Freestanding retail property on a high-traffic retail corridor.
      14700 Lac Lavon Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      14,717 SF

      Burnsville Industrial Building For Sale

      Industrial building in Burnsville with flexible zoning and ample parking.
      3550 West 145Th St, Burnsville, MN 55306
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Property For Sale

      6,000 sqft industrial property, vacant and ready for owner-user.
      14250 Ewing Ave S, Burnsville, MN 55306
      View Details
    • $235,000
      2,016 SF

      Grand Avenue Office Space - Burnsville

      Prime Burnsville Office, Ample Parking
      14577 Grand Ave, Burnsville, MN 55306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,173 SF

      Vibrant Retail Space in Burnsville

      Prime retail location with flexible spaces and high traffic.
      915 County Road 42 W, Burnsville, MN 55306
      View Details
    • Contact for pricing
      122,323 SF

      Retail Space in Burnsville Center

      Retail space available in high-traffic Burnsville shopping center.
      1601-1617 County Road 42 W, Burnsville, MN 55306
      View Details
    • Contact for pricing
      1,562 SF

      Retail Space in Burnsville Plaza

      Retail space available in Burnsville Plaza near Burnsville Mall.
      14300-14358 Burnhaven Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      2,050 SF

      Retail Space in Burnsville

      Retail space available for lease in Burnsville, Minnesota.
      14321 Nicollet Ct, Burnsville, MN 55306
      View Details
    • Contact for pricing
      7,727 SF

      Former Restaurant with Freeway Visibility

      Freeway-visible former restaurant with redevelopment potential on 2.7 acres.
      14400 Buck Hill Rd, Burnsville, MN 55306
      View Details
    • Contact for pricing
      1,494 SF

      Burnsville Flex Space Available

      Flex space with office and warehouse components available for lease.
      2999 W County Road 42, Burnsville, MN 55306
      View Details

    Property Visit Statistics

    • Visits by month
      11.2k
    • Visitors by month
      10.8k
    • Avg Time on site
      9 min
    View Listing
    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.
    14321 Nicollet Ct
    Burnsville, MN 55306
    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

    Thank You for Inquiry
    14321 Nicollet Ct, Burnsville, MN, 55306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!