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    Property profile & analytics

    17685 Juniper Path Lakeville, MN 55044

    • Office buildings
    • 36,541 SF
    • 3.19 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $540,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0053269
    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

    • MNCAPS / High School / Learning Center
    • Lakeville Area Community Ed Gymnastics / Gymnastics Club
    • Nystrom & Associates - Lakeville / Marriage Or Relationship Counselor / Psychologist
    • Dave Sawicki at Guaranteed Rate - NMLS #328929 / Mortgage Lender / Mortgage Broker
    • Jon Wagner at Rate (NMLS #331960) / Mortgage Broker / Mortgage Lender

    Property Details for 17685 Juniper Path

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    3.19 lot acres
    Property size
    36,541 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    22-11875-03-020
    APU
    221187503020

    Description

    This exceptional Lakeville, MN office property at 17685 Juniper Path offers multiple executive office suites for lease. Located in the 55044 zip code, this three-story building boasts a striking two-story entrance featuring abundant natural light from expansive windows and an atrium. The property provides a variety of configurations to suit diverse business needs. Two available spaces range from 696 to 749 square feet. The upper level includes several classroom/meeting rooms and a separate suite complete with a reception area and two private offices. The lower level offers another suite featuring a conference room, shared office space, and individual offices. A total of 4,907 square feet is currently vacant within the building, presenting significant leasing opportunities. The building's design and amenities offer a professional and inviting atmosphere, making it an ideal location for businesses seeking high-quality office space at a competitive rate. This property is conveniently located in Lakeville, Minnesota, providing easy access to local amenities and transportation. The flexible space options allow for customization to meet specific business requirements. Inquire today to explore the available suites and secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2875
    Latitude
    44.6916
    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
    $110,174
    $1,165,400
    $2,592,800
    $3,758,200
    -
    $1,165,400
    $2,592,800
    $3,758,200

    Comparable in this City

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    • Value Estimation
      $395,000
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      19784 Kenrick Ave

      OFFICE BUILDING • 4,784 SF
      19784 Kenrick Ave, Lakeville, MN 55044-7912
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    • Value Estimation
      $940,000
      98,036 SF

      20802 Kensington Blvd

      OFFICE BUILDING • 98,036 SF
      20802 Kensington Blvd, Lakeville, MN 55044-8052
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    • Value Estimation
      $605,000
      10,546 SF

      16023 Elmhurst Ln

      OFFICE BUILDING • 10,546 SF
      16023 Elmhurst Ln, Lakeville, MN 55044-4796
      View Details
    • Value Estimation
      $320,000
      6,002 SF

      19950 Dodd Blvd, Unit 2

      OFFICE BUILDING • 6,002 SF
      19950 Dodd Blvd, Lakeville, MN 55044-6341
      View Details
    • Value Estimation
      $13,995,000
      23,195 SF

      21340 Hayes Ave

      OFFICE BUILDING • 23,195 SF
      21340 Hayes Ave, Lakeville, MN 55044-6802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.00 Acres

      Lakeville Office Space For Sale

      Professional office space in high-traffic Lakeville commercial area.
      16372 Kenrick Ave, Lakeville, MN 55044
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    • Contact for pricing
      0.00 Acres

      Lakeville Office Space For Sale

      Single office space in high-traffic Lakeville commercial area.
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      0.10 Acres

      Lakeville Office Suite For Sale

      Professional office suite in high-visibility Lakeville corridor, ideal for medical.
      16372 Kenrick Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing
      1.00 Acre

      Lakeville Commercial Land - 2 Lots

      Prime Lakeville location, commercial zoning, build-to-suit options.
      0 Keokuk Ave, Lakeville, MN 55044
      View Details
    • $450,000

      Office Land For Sale

      Corner lot near City Hall, redevelopment opportunity.
      20275 Holyoke Ave, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Land For Sale Lakeville

      Land available for sale in Lakeville, Minnesota.
      207Th St W, Lakeville, MN 55044
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      13,379 SF

      Professional Office Building For Rent

      Professional office building with elevator access and ample parking.
      17685 Juniper Path, Lakeville, MN 55044
      View Details
    • Contact for pricing

      Office Building Currently 100% Leased

      Office building for rent, currently 100% leased.
      17595 Kenwood Trl, Lakeville, MN 55044
      View Details
    • $6 SF/Yr
      6,106 SF

      Lakeville Office Space for Lease

      Flexible workspace solutions in Lakeville, MN.
      20731 Holyoke Ave, Lakeville, MN 55044
      View Details
    • $9 SF/Yr
      8,861 SF

      Lakeville Warehouse/Office Space Available

      8,861 SF warehouse with office space for lease.
      21044 Heron Way, Lakeville, MN 55044
      View Details
    • Contact for pricing
      25,000 SF

      Development Opportunity Near Interstate I-35

      20+ acres available for development near a full diamond interchange.
      18350 Orchard Trl, Lakeville, MN 55044
      View Details
    • Contact for pricing
      54,986 SF

      Lakeville Executive Office Space

      Modern Office Suites, 2,999 - 45,900 SF
      20855 Kensington Blvd, Lakeville, MN 55044
      View Details
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    Lakeville, MN 55044
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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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