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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1740 Weir Dr Woodbury, MN 55125

    • Strip malls
    • 9,768 SF
    • 0.87 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0836609
    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

    • Strip malls

    Property Details for 1740 Weir Dr

    Year built
    1982
    Lot size
    0.87 lot acres
    Property size
    9,768 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    07-028-21-42-0026
    APU
    702821420026

    Description

    This exceptional retail opportunity presents two spaces within the Valley Creek Mall & Annex in Woodbury, Minnesota. Located at 1740 & 1750 Weir Drive, this property boasts a total of 96,048 square feet across two single-story buildings, built in 1974 and renovated in 1985. The available spaces range from 1,711 to 1,914 square feet, offering flexibility for various retail concepts. The mall itself is Woodbury's only indoor shopping center, serving as a long-standing community anchor with a diverse mix of over 25 tenants, including several locally owned businesses. Ample parking is available with 500 surface stalls, providing a 5.2:1,000 square foot ratio. The property is situated in Washington County, Minnesota, zip code 55125, and benefits from its established location within a thriving community. This is an ideal opportunity for businesses seeking high visibility and access to a loyal customer base in a well-maintained and historically successful retail center. The property offers a strong foundation for growth and success within a vibrant community. The property's location in Woodbury, MN provides excellent access to major transportation routes and a dense residential population.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,101,000
      Market price range: $1.10M - $2.40M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,595,000
      AUTO REPAIR, GARAGE
      $1,350,000
      OFFICE BUILDING
      $1,250,000
      RESTAURANT
      $770,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9744
    Latitude
    44.9263
    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
    $45,998
    $333,600
    $1,160,600
    $1,494,200
    -
    $333,600
    $1,160,600
    $1,494,200

    Comparable in this City

    • Value Estimation
      $2,215,000
      15,961 SF

      8960 Hudson Rd

      SHOPPING CENTER, STRIP CENTER • 15,961 SF
      8960 Hudson Rd, Woodbury, MN 55125-7007
      View Details
    • Value Estimation
      $1,095,000
      10,741 SF

      1825 Radio Dr

      SHOPPING CENTER, STRIP CENTER • 10,741 SF
      1825 Radio Dr, Woodbury, MN 55125-9452
      View Details
    • Value Estimation by Request
      7,486 SF

      8484 Tamarack Rd

      SHOPPING CENTER, STRIP CENTER • 7,486 SF
      8484 Tamarack Rd, Woodbury, MN 55125
      View Details
    • Value Estimation by Request
      7,500 SF

      8144 Coller Way

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      8144 Coller Way, Woodbury, MN 55125-3612
      View Details
    • Value Estimation
      $860,000
      41,840 SF

      8160 Coller Way

      SHOPPING CENTER, STRIP CENTER • 41,840 SF
      8160 Coller Way, Woodbury, MN 55125-3600
      View Details
    • Value Estimation
      $1,050,000
      9,669 SF

      1705 Weir Dr

      SHOPPING CENTER, STRIP CENTER • 9,669 SF
      1705 Weir Dr, Woodbury, MN 55125-2288
      View Details

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    Similar Nearby for Lease

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      10,368 SF

      Hudson Road Retail Center

      High-traffic retail space available
      7828 Hudson Rd, Woodbury, MN 55125
      View Details
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      3,132 SF

      Regional Center Retail Space

      Established shopping center with strong national and local tenants.
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      View Details
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      1,262 SF

      Woodbury Retail Center Space

      Retail space in a busy Woodbury shopping center.
      1795 Radio Dr, Woodbury, MN 55125
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    • Contact for pricing
      1,914 SF

      Woodbury Retail Shopping Center Space

      Retail space available in well-established Woodbury shopping center.
      1750 Weir Dr E, Woodbury, MN 55125
      View Details
    • Contact for pricing
      4,569 SF

      Regional Center Retail Space

      Retail space in established regional center with high traffic.
      8300 Tamarack Vlg, Woodbury, MN 55125
      View Details
    • Contact for pricing
      5,697 SF

      Regional Center Retail Space

      Retail space available in established regional center with high traffic.
      8290-8320 Tamarack Vlg, Woodbury, MN 55125
      View Details
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    Woodbury, MN 55125
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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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