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    FOR LEASE
    Office buildings

    14665 Galaxie Ave, Apple Valley, MN 55124

    49,018 SF 3.56 ac lot Built 1996
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US46-0495683
    Property summary
    AI-generated overview

    This three-story, Class B office building, totaling 50,129 square feet, is situated on a 3.56-acre lot in Apple Valley, Minnesota. Built in 1996, the property features a single elevator and ample surface parking (200 spaces, a ratio of 4 spaces per 1,000 square feet). The building boasts a desirable location at the signalized intersection of Galaxie Avenue and 147th Street West, offering excellent visibility and exposure. Its Planned Development zoning allows for multiple tenancies, catering to a variety of business needs. The property benefits from high traffic volume, with over 15,000 vehicles per day on Galaxie Avenue and over 8,800 vehicles per day on 147th Street West. Located in the Southeast submarket of Dakota County, the building is surrounded by established businesses, providing a strong commercial environment. The property's address is 14665 Galaxie Ave, Apple Valley, MN 55124, with the APN 011173301010. Taxes are $3.71 per square foot. The building is suitable for executive office, medical office, professional, and traditional office uses. High-quality finishes are present throughout.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Construction CONCRETE
    Total area 49,018 SF
    Lot 3.56 ac (155,074 SF)
    APN 01-11733-01-010
    UPID US46-0495683
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.27M
    Blend (final) Blend
    $4.94M
    Owner & transaction history
    Township Theater Shops Partners LLC · 7 yrs held
    Township Theater Shops Partners LLC
    since 2019
    4 recorded transactions
    2022
    2019
    $7.0M
    2014
    $6.2M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $8.2M +53.3%
    Medical building $7.2M +34.6%
    Warehouse, storage $5.6M +5.2%
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