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    Property profile & analytics

    2155 Woodlane Dr Woodbury, MN 55125-1902

    • Office buildings
    • 13,205 SF
    • 1.89 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2023
    $795,603
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0967595
    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

    • Office buildings

    Property Details for 2155 Woodlane Dr

    Year built
    1999
    Lot size
    1.89 lot acres
    Property size
    13,205 SF
    Property type
    Office buildings
    APN
    18-028-21-11-0019
    APU
    1802821110019

    Description

    Woodhill Office Park offers exceptional executive office space for lease in desirable Washington County. This three-building office park boasts a total of 12,423 square feet, with 1,205 square feet currently available for immediate occupancy. The property features a meticulously maintained, park-like setting complete with high-end landscaping, an outdoor patio, and a BBQ area, providing a welcoming and productive environment for tenants. Its convenient location offers easy access to Valley Creek and Interstate 494, ensuring seamless commutes for employees and clients. The park is also within walking distance of a variety of restaurants, shopping options, and Metro Transit, enhancing convenience and accessibility. The multiple tenancy structure allows for flexibility and a diverse professional community. Monument signage is available, providing excellent visibility and branding opportunities for businesses. This is an ideal location for businesses seeking a prestigious and well-maintained office space in a vibrant and convenient location. The available space totals 1,205 square feet, perfect for a growing company or a business seeking a professional and attractive office environment. The property's amenities and location combine to create a highly desirable and productive workspace. Contact us today to schedule a viewing and explore the possibilities of establishing your business at Woodhill Office Park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,040,000
      ML approach
      $1,015,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,033,000
      Market price range: $521k - $2.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9654
    Latitude
    44.9183
    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
    $33,942
    $330,000
    $830,600
    $1,160,600
    -
    $330,000
    $830,600
    $1,160,600

    Comparable in this City

    • Value Estimation
      $3,540,000
      18,824 SF

      539 Bielenberg Dr

      OFFICE BUILDING • 18,824 SF
      539 Bielenberg Dr, Woodbury, MN 55125-4436
      View Details
    • Value Estimation
      $3,935,000
      19,536 SF

      652 Bielenberg Dr

      OFFICE BUILDING • 19,536 SF
      652 Bielenberg Dr, Woodbury, MN 55125-2233
      View Details
    • Value Estimation
      $3,700,000
      28,549 SF

      8147 Globe Dr

      OFFICE BUILDING • 28,549 SF
      8147 Globe Dr, Woodbury, MN 55125-3379
      View Details
    • Value Estimation
      $7,940,000
      54,264 SF

      6053 Hudson Rd

      OFFICE BUILDING • 54,264 SF
      6053 Hudson Rd, Woodbury, MN 55125-1015
      View Details
    • Value Estimation
      $645,000
      4,885 SF

      8490 Woodbury Xing

      OFFICE BUILDING • 4,885 SF
      8490 Woodbury Xing, Woodbury, MN 55125-9433
      View Details
    • Value Estimation by Request
      6,104 SF

      1937 Woodlane Dr

      OFFICE BUILDING • 6,104 SF
      1937 Woodlane Dr, Woodbury, MN 55125-3926
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,994 SF

      Two-Story Office Building Investment

      Fully leased office building with high visibility and future metro.
      652 Bielenberg Dr, Woodbury, MN 55125
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      11,372 SF

      Woodbury Office Building For Sale

      Fully occupied office building in Tamarack Hills with highway access.
      796 Bielenberg Dr, Woodbury, MN 55125
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      3,038 SF

      Woodbury Commercial Space Available

      3,038 SF office space for sale in Woodbury, MN.
      1860 Wooddale Dr, Woodbury, MN 55125
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    • $2,800,000
      12,693 SF

      Woodbury Medical Office Building

      12,693 SF Medical Office, $2.8M
      8401 Seasons Pkwy, Woodbury, MN 55125
      View Details
    • $409,900
      0.07 Acres

      Adaptable Office Space Near I-494

      1,500 sq ft office space with high visibility on I-494.
      1103 Weir Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      2.00 Acres

      Woodbury Office/Warehouse/Flex Space

      Office/warehouse/flex space in Woodbury with easy access to 494.
      1890 Wooddale Dr, Woodbury, MN 55125
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building in City Centre

      Single-story office building in Woodbury's City Centre district.
      8380 City Centre Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing

      Class A Office Space Available

      Multi-tenant professional building near CityPlace with highway access.
      8425 Seasons Pkwy, Woodbury, MN 55125
      View Details
    • Contact for pricing

      Updated Office Building For Rent

      Two-story office building suitable for professional use.
      1789 Woodlane Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      34,240 SF

      Two-Story Office Building For Lease

      Two-story office building with natural light and ample parking.
      1806 Wooddale Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      1,345 SF

      Single-Story Office Building in Woodbury

      Single-story office building in Woodbury's City Centre district for rent.
      8380 City Centre Dr, Woodbury, MN 55125
      View Details
    • Contact for pricing
      6,345 SF

      Woodbury Office Space Available

      Office space for lease in Woodbury, Minnesota.
      7616 Currell Blvd, Woodbury, MN 55125
      View Details
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    Woodbury, MN 55125-1902
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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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