Property profile

2480 White Bear N Ave Maplewood, MN 55109

OFF-MARKET
Medical Office Space
Property ID
US46-0846625
11,996 SF 1.23 ac lot Built 1982
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,840 square foot medical office space is available for lease in a highly desirable Maplewood location. Situated at the corner of White Bear Avenue North and Gervais Avenue, this property boasts unparalleled visibility and accessibility. With 23,500 vehicles passing daily on White Bear Avenue, this location ensures high traffic and strong potential for patient acquisition. The space was previously configured as a dental office, featuring four exam rooms, a comfortable breakroom, a spacious waiting area, three private offices, and two restrooms. This efficient layout is easily adaptable to various medical practices. The building offers convenient access to major highways, providing a short commute to both St. Paul and Minneapolis. The surrounding area is anchored by a variety of strong retailers, including Hy-Vee, Cub Foods, The Home Depot, and Starbucks, creating a vibrant and convenient environment for both patients and staff. Ample parking is available at no additional cost, featuring a large open lot with convenient handicap access to the main entrance. This turnkey medical office space presents a rare opportunity to establish or expand your practice in a thriving and well-connected community. The building is located in a high-traffic area with excellent visibility, making it an ideal location for any medical professional seeking a thriving practice. The property's existing layout offers immediate occupancy, minimizing downtime and maximizing efficiency.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction WOOD FRAME
Total area 11,996 SF
Lot 1.23 ac (53,579 SF)
APN 11-29-22-24-0034
UPID US46-0846625

Cap rate & NOI

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

Location

2480 White Bear N Ave Maplewood, MN 55109-5121
Maplewood metro Census 42401 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$920k

Owner & transaction history

since 2022
Last sale
$1.1M
4 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$275,000
2020
$1.1M

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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