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    OFF-MARKET Estimated value $1,100,000
    Medical Office Space

    2480 White Bear N Ave, Maplewood, MN 55109-5121

    11,996 SF 1.23 ac lot Built 1982
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-0846625
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.37M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Caitlin Hemmerich D D S Pa · 4 yrs held
    Caitlin Hemmerich D D S Pa
    since 2022
    Last sale
    $1.1M
    4 recorded transactions
    2023
    2022
    2022
    $275,000
    2020
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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