Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Mcandrews W Rd Burnsville, MN 55337-4432

    • Office buildings
    • 21,664 SF
    OFF-MARKET
    Value Estimations
    $2,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0580004
    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

    • Marks Media Company / Marketing Agency / Advertising Agency
    • Inspiring Change LLC / Service Establishment / Marriage Or Relationship Counselor
    • Pro Physical Therapy / Service Establishment / Physical Therapist
    • The Basballe Group / Financial Planner
    • Cindy Frederick MA LMFT Concierge Counseling & Coaching / Counselor / Life Coach

    Property Details for 1500 Mcandrews W Rd

    Year built
    1997
    Construction
    WOOD FRAME
    Property size
    21,664 SF
    Property type
    Office buildings
    APN
    02-73095-02-115
    APU
    27309502115

    Description

    This exceptional executive office suite at 1500 McAndrews Road West in Burnsville, Minnesota offers a prime location in Dakota County. The property features multiple available spaces, perfect for businesses of varying sizes. Units range from 140 to 180 square feet, providing flexibility for individual entrepreneurs or small teams. The building is conveniently located in the 55337 zip code, offering easy access to major transportation routes and local amenities. Currently, 140 square feet of space is immediately available. The "Executive Office" designation speaks to the high-quality finishes and professional atmosphere you can expect. This is an excellent opportunity to establish a presence in a thriving business community. The multiple tenancy structure allows for a diverse and dynamic work environment. The address is 1500 McAndrews Rd W, Burnsville, MN 55337. This property is ideal for businesses seeking a professional and efficient workspace in a convenient location. The available space is ready for immediate occupancy, allowing for a quick and seamless transition. Contact us today to schedule a viewing and secure your ideal office space. Don't miss this chance to establish your business in this desirable Burnsville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,349,000
      Market price range: $1.82M - $3.56M
      AI Estimate
      $1,735,000
      Market price range: $628k - $2.63M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,480,000
      Current use
      AUTO REPAIR, GARAGE
      $3,700,000
      Change: +49% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,300,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $3,090,000
      Change: +25% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,510,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,985,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.3002
    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
    $59,154
    $172,200
    $1,909,100
    $2,081,300
    -
    $172,200
    $1,909,100
    $2,081,300

    Comparable in this City

    • Value Estimation
      $1,610,000
      15,026 SF

      501 Clf E Rd

      OFFICE BUILDING • 15,026 SF
      501 Clf E Rd, Burnsville, MN 55337-1673
      View Details
    • Value Estimation
      $500,000
      2,384 SF

      13401 County Rd 5th 5

      OFFICE BUILDING • 2,384 SF
      13401 County Rd 5th 5, Burnsville, MN 55337-2377
      View Details
    • Value Estimation
      $950,000
      5,833 SF

      14031 Burnhaven Dr

      OFFICE BUILDING • 5,833 SF
      14031 Burnhaven Dr, Burnsville, MN 55337-4473
      View Details
    • Value Estimation
      $2,740,000
      22,560 SF

      151 Burnsville Pkwy

      OFFICE BUILDING • 22,560 SF
      151 Burnsville Pkwy, Burnsville, MN 55337-2524
      View Details
    • Value Estimation
      $1,475,000
      13,758 SF

      190 Cobblestone Ln

      OFFICE BUILDING • 13,758 SF
      190 Cobblestone Ln, Burnsville, MN 55337-4578
      View Details
    • Value Estimation
      $5,590,000
      61,862 SF

      14101 Southcross W Dr

      OFFICE BUILDING • 61,862 SF
      14101 Southcross W Dr, Burnsville, MN 55337-6904
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Functional Office Building in Burnsville

      Versatile office building in Frontier Industrial Park, Burnsville, MN.
      13786 Frontier Ct, Burnsville, MN 55337
      View Details
    • $1,100,000

      Burnsville Office Building For Sale

      One-story office building in McAndrews Commons business park.
      13770 Frontier Ct, Burnsville, MN 55337
      View Details
    • $2,200,000
      11,576 SF

      Professional Office Building with Amenities

      Office building with excellent accessibility, interior finishes, and amenities.
      181 River Ridge Cir S, Burnsville, MN 55337
      View Details
    • Contact for pricing
      15,034 SF

      Burnsville Office/Flex Building Opportunity

      Office/flex building with excellent I-35W access in Burnsville, MN.
      501 Cliff Rd E, Burnsville, MN 55337
      View Details
    • Contact for pricing
      3,370 SF

      Burnsville Office Space for Lease

      Prime Office Space, Highway 13 Access
      2605 Cliff Rd, Burnsville, MN 55337
      View Details
    • Contact for pricing
      0.26 Acres

      Burnsville Executive Office Suite

      Well-maintained office suite with open layout, natural light, and pond views.
      13959 W Preserve Blvd, Burnsville, MN 55337
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,212 SF

      Office/Medical Building Along E. Travelers

      Office/Medical building with high visibility and accessibility.
      200 Travelers Trl E, Burnsville, MN 55337
      View Details
    • Contact for pricing
      31,640 SF

      Burnsville Executive Office Space

      Class A Office Suites, Burnsville, MN
      12750 Nicollet Ave, Burnsville, MN 55337
      View Details
    • $18 SF/Yr
      653 SF

      Burnsville Office Space For Rent

      Office space for rent with flexible ownership and parking.
      14050 S Nicollet Ave, Burnsville, MN 55337
      View Details
    • $18 SF/Yr
      2,795 SF

      Burnsville Office Space Available Now

      Office space for lease in Burnsville, ready for immediate occupancy.
      401-429 W Travelers Trl, Burnsville, MN 55337
      View Details
    • Contact for pricing
      2,991 SF

      Office Space Near I-35E

      Move-in ready office space with easy access and signage opportunities.
      13770 Frontier Ct, Burnsville, MN 55337
      View Details
    • $8 SF/Yr
      26,852 SF

      Burnsville Showroom: Flex Space Available

      Prime Burnsville Office/Showroom Space
      2200 117Th St, Burnsville, MN 55337
      View Details
    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.
    1500 Mcandrews W Rd
    Burnsville, MN 55337-4432
    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

    Google sign-in failed. Please try again or use another login method.