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Property profile & analytics
OFF-MARKET
Estimated value
$22,410,000
Office Spaces
201 Nicollet Blvd, Burnsville, MN 55337-5714
Individually Owned
13-yr Hold
Free & Clear
Property ID
US46-1882680
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2013
Total area
137,375 SF
Lot
26.64 ac (1,160,334 SF)
APN
02-64009-02-010
UPID
US46-1882680
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
Current use
Occupant on record · Public records
-
Hospital del bebe Hospital
-
Metropolitan Anesthesia Dental Office
-
Klemm Kristine E MD Physician
-
Bandt Laura M Physician
-
Sara M. Fellows, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.97M
Comparable Approach
Comparable
$22.60M
Blend (final)
Blend
$22.41M
Owner & transaction history
Fairview Health Services · 13 yrs held
Fairview Health Services
since 2013
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$27.2M
+73.2%
Restaurant
$26.7M
+69.5%
Auto repair, garage
$23.5M
+49.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,295,000
6.5%
$27,965,000
7%
$25,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$27,235,000
Change: +73% · Conversion: Difficult
RESTAURANT
$26,650,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,450,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,925,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$19,580,000
Change: +25% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$15,905,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$22.41M
Range $20.17M – $24.65M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$163 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$737,744
Tax year 2022
Assessed value
$62,101,600
Assessed 2022
Previous assessed
$62,101,600
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,518,500
Assessed improvement
$56,583,100
Land market value
$5,518,500
Improvement market value
$56,583,100
Total market value
$62,101,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
3
Total area
137,375 SF
Lot
26.64 ac (1,160,334 SF)
APN
02-64009-02-010
UPID
US46-1882680
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.2M
RESTAURANT
Est. value
$26.7M
AUTO REPAIR, GARAGE
Est. value
$23.5M
WAREHOUSE, STORAGE
Est. value
$20.9M
RETAIL STORES
Est. value
$19.6M
INDUSTRIAL (GENERAL)
Est. value
$15.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Buildings
3
Lot
26.64 ac
Current owner
From public records · entity-resolved
Fairview Health Services
Individual
Free & Clear · 13 yrs held
Mailing address
PO BOX 59318, MINNEAPOLIS, MN 55459-0318
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2013
$20,921
Fairview Health Services
Park Nicollet Health Services
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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