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

    2111 County Rd 42nd W Burnsville, MN 55306-6926

    • Commercial real estate
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0631453
    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

    • Jamba Juice/Auntie Anne's / Restaurant

    Property Details for 2111 County Rd 42nd W

    Lot size
    0.80 lot acres
    Property type
    Commercial real estate
    APN
    02-56666-01-010
    APU
    25666601010

    Description

    This exceptional investment opportunity presents a brand-new, 1,052 square foot, Class A retail property featuring Auntie Anne's and Jamba Juice. Located at 2111 County Rd 42 W in Burnsville, Minnesota (55306), this property boasts a prime location just off Egan Drive, experiencing approximately 39,000 vehicles per day. The property sits on a 0.8-acre lot and benefits from a 20-year absolute NNN lease commencing January 20, 2024, with a 10% rent increase every five years and four five-year lease options. The tenant, a highly successful operator with 215 units across 21 states and over $200 million in sales (2024 figures), provides a strong corporate guarantee. The property's Net Operating Income (NOI) is $172,074, resulting in a 6.50% cap rate and a price per square foot of $2,516.16. The asking price is $2,647,000. This investment is further enhanced by its location within an affluent area, with an average household income exceeding $112,000 within a three-mile radius, and its proximity to major retailers such as Target, Costco, TJ Maxx, Home Goods, The Home Depot, and Burnsville Center Mall. The property was built in 2023 and enjoys 100% occupancy. This is a passive ownership opportunity with a long-term commitment and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.3079
    Latitude
    44.7458
    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
    $3,378
    $168,800
    $0.00
    $168,800
    -
    $168,800
    $0.00
    $168,800

    Comparable in this City

    • Value Estimation
      $3,330,000
      38,761 SF

      14451 Ewing S Ave

      SHOW ROOM, WAREHOUSE • 38,761 SF
      14451 Ewing S Ave, Burnsville, MN 55306-5582
      View Details
    • Value Estimation
      $1,035,000
      12,248 SF

      14300 Ewing S Ave

      SHOW ROOM, WAREHOUSE • 12,248 SF
      14300 Ewing S Ave, Burnsville, MN 55306-4884
      View Details
    • Value Estimation
      $1,400,000
      46,600 SF

      14300 Nicollet Ct

      COMMERCIAL (GENERAL) • 46,600 SF
      14300 Nicollet Ct, Burnsville, MN 55306-4501
      View Details
    • Value Estimation
      $1,705,000
      9,864 SF

      3501 145th St

      SHOW ROOM, WAREHOUSE • 9,864 SF
      3501 145th St, Burnsville, MN 55306-4840
      View Details
    • Value Estimation
      $690,000
      6,898 SF

      1221 County Rd 42nd E

      COMMERCIAL (GENERAL) • 6,898 SF
      1221 County Rd 42nd E, Burnsville, MN 55306-4719
      View Details
    • Value Estimation
      $1,410,000
      11,420 SF

      14480 Ewing S Ave

      SHOW ROOM, WAREHOUSE • 11,420 SF
      14480 Ewing S Ave, Burnsville, MN 55306-3806
      View Details

    Similar Nearby for Sale

    • $235,000
      2,016 SF

      Grand Avenue Office Space - Burnsville

      Prime Burnsville Office, Ample Parking
      14577 Grand Ave, Burnsville, MN 55306
      View Details
    • $1,250,000
      13,500 SF

      Established Burnsville Shooting Range

      Profitable Business, 13,500 SF
      14300 Ewing Ave, Burnsville, MN 55306
      View Details
    • Contact for pricing

      Burnsville Center Land Parcels Available

      Prime commercial real estate parcels available in Burnsville Center.
      1178 Burnsville Ctr, Burnsville, MN 55306
      View Details
    • $214,900
      1.99 Acres

      Burnsville Land: Build Your Dream

      Large 1.99 acre lot in quiet, secluded Burnsville neighborhood.
      155xx Loop Rd S, Burnsville, MN 55306
      View Details
    • $4,950,000
      35,962 SF

      Office and Warehouse Space Available

      Office and warehouse space with prominent signage and excellent visibility.
      3201 County Road 42 W, Burnsville, MN 55306
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      9,641 SF

      Burnsville Warehouse and Office Space

      9,641 SF warehouse with office space for lease.
      3200 Corporate Center Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      65,609 SF

      14305 Southcross Dr

      Life science properties • 65,609 SF
      14305 Southcross Dr, Burnsville, MN 55306
      View Details
    • $8 SF/Yr
      11,173 SF

      Vibrant Retail Space in Burnsville

      Prime retail location with flexible spaces and high traffic.
      915 County Road 42 W, Burnsville, MN 55306
      View Details
    • Contact for pricing
      65,567 SF

      Southcross Commerce Center Office Space

      Burnsville, MN office & warehouse space
      2999 County Road 42, Burnsville, MN 55306
      View Details
    • Contact for pricing

      Retail Outlot Ground Lease Opportunity

      Prime retail outlot property available for ground lease.
      14300 Burnhaven Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      2,050 SF

      Retail Space in Burnsville

      Retail space with high visibility and accessibility in Burnsville.
      14321 Nicollet Ct, Burnsville, MN 55306
      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.
    2111 County Rd 42nd W
    Burnsville, MN 55306-6926
    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.