Property profile

21486 Humboldt Ct Lakeville, MN 55044

OFF-MARKET
Showrooms
Property ID
US46-2959569
21,920 SF 2.59 ac lot Built 2017
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 919-square-foot executive office suite is available for lease in Lakeville, Minnesota. Located at 21486 Humboldt Ct, zip code 55044, this single-tenant space offers a prime opportunity for businesses seeking a professional and efficient workspace. The property is situated in Dakota County and boasts a convenient location within Lakeville. The entire 919 square feet is currently vacant and ready for immediate occupancy. The building's classification is "Office," specifically categorized as an "Executive Office" and "Professional Office," suggesting a high-quality build and suitable for businesses requiring a sophisticated image. The property's single-tenant occupancy ensures privacy and control over the entire space. This presents a unique opportunity for a business to establish a strong presence in a desirable location. The address is easily accessible, offering convenient access to local amenities and transportation routes. Interested parties are encouraged to inquire further to explore the possibilities of establishing their business in this well-appointed office suite. The property is ready for immediate occupancy, allowing for a quick and seamless transition for your business. This is an ideal space for a company seeking a professional, efficient, and conveniently located office in the thriving Lakeville, Minnesota market.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 2017
Total area 21,920 SF
Lot 2.59 ac (112,671 SF)
APN 22-18525-01-011
UPID US46-2959569

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Hardware & Home Improvement Building Supply
  • HVAC Service General Contractor
  • HVAC Service General Contractor

Location

21486 Humboldt Ct Lakeville, MN 55044-4957
Lakeville metro Census 60836 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.95M
CAP Approach CAP
$4.01M
Comparable Approach Comparable
$2.78M
Blend (final) Blend
$3.85M

Owner & transaction history

since 2017
Last sale
$3.5M
6 recorded transactions
2019
Price N/A
2018
Price N/A
2018
Price N/A
2017
$478,860
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $4.3M +138.6%
Restaurant $4.3M +133.4%
Auto repair, garage $3.7M +105.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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