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    Property profile & analytics

    250 Travelers Trl Burnsville, MN 55337-4099

    • Strip malls
    • 14,692 SF
    • 1.86 lot acres
    OFF-MARKET
    Value Estimations
    $2,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1006687
    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

    • El Parian Mexican Grill Burnsville / Restaurant

    Property Details for 250 Travelers Trl

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    1.86 lot acres
    Property size
    14,692 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02-51378-01-020
    APU
    25137801020

    Description

    Nicollet Plaza, a premier retail center in Burnsville, Minnesota, presents a fantastic opportunity for businesses seeking high-visibility space. Located at 250 E Travelers Trail, Burnsville, MN 55337, this single-story, 83,556 square foot center boasts a prime location at the intersection of Hwy. 13 & Nicollet Avenue, within Burnsville's "Heart of the City." Built in 2005, the property features a diverse tenant mix and is anchored by Cub Foods, ensuring high foot traffic and brand recognition. Currently, 1,648 square feet of retail space is available, perfect for a variety of uses. The property offers ample parking with 457 spaces, ensuring convenient access for customers and employees. The property's APN is 02-51378-01-020. This is a unique chance to establish a presence in a thriving retail environment with excellent visibility and accessibility. The property's single-story design and convenient parking make it an attractive option for a wide range of businesses. Don't miss this opportunity to secure a space in this successful and well-located retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,915,000
      Current use
      RESTAURANT
      $2,850,000
      Change: -2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,510,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.276
    Latitude
    44.7768
    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
    $135,142
    $680,300
    $3,925,900
    $4,606,200
    -
    $680,300
    $3,925,900
    $4,606,200

    Comparable in this City

    • Value Estimation
      $2,570,000
      19,968 SF

      12601 Nicollet Ave

      SHOPPING CENTER, STRIP CENTER • 19,968 SF
      12601 Nicollet Ave, Burnsville, MN 55337-2862
      View Details
    • Value Estimation
      $3,415,000
      33,245 SF

      14001 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 33,245 SF
      14001 Grand Ave, Burnsville, MN 55337-5701
      View Details
    • Value Estimation
      $8,970,000
      105,607 SF

      1901 Clf E Rd

      SHOPPING CENTER, STRIP CENTER • 105,607 SF
      1901 Clf E Rd, Burnsville, MN 55337
      View Details
    • Value Estimation
      $540,000
      3,425 SF

      13700 County Rd 11

      SHOPPING CENTER, STRIP CENTER • 3,425 SF
      13700 County Rd 11, Burnsville, MN 55337-4764
      View Details
    • Value Estimation
      $1,695,000
      17,018 SF

      3715 Hwy 13th W

      SHOPPING CENTER, STRIP CENTER • 17,018 SF
      3715 Hwy 13th W, Burnsville, MN 55337-1721
      View Details
    • Value Estimation
      $2,800,000
      24,203 SF

      13953 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 24,203 SF
      13953 Grand Ave, Burnsville, MN 55337
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,175 SF

      NNN Leased Retail Investment Property

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      33,350 SF

      Burnsville Industrial/Retail Opportunity For Sale

      33,350 SF industrial/retail building on 1.96 acres for sale.
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      0.70 Acres

      Burnsville Crossing: Prime 0.7 Acres

      High-traffic Burnsville land, TOD zoning.
      12751 Nicollet Ave, Burnsville, MN 55337
      View Details
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      3,370 SF

      Burnsville Office Space for Lease

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      1.21 Acres

      Prime Burnsville Commercial Land

      1.21 Acres, I-35W Visibility
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    Similar Nearby for Lease

    • Contact for pricing
      6,100 SF

      Retail Space in Eagle Trace Center

      Highly visible retail center with easy access and optimal exposure.
      12000-12014 County Road 11, Burnsville, MN 55337
      View Details
    • Contact for pricing
      2,041 SF

      Retail Space in Burnsville, MN

      Neighborhood strip center with high visibility in Burnsville, MN.
      1100 County Road 42 E, Burnsville, MN 55337
      View Details
    • Contact for pricing
      2,503 SF

      Retail Space in Burnsville Marketplace

      Retail spaces available in Burnsville Marketplace with high traffic exposure.
      13901-14141 Aldrich Ave S, Burnsville, MN 55337
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Burnsville Shops

      End cap retail space with pylon signage available for lease.
      550-560 County Road 42 W, Burnsville, MN 55337
      View Details
    • $14 SF/Yr
      13,957 SF

      Burnsville Retail Space For Lease

      1,345 SF Retail Space Available in Burnsville, MN
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      View Details
    • Contact for pricing
      30,783 SF

      Skyline Plaza Retail Center

      Burnsville Shopping Center - Space Available
      2000-2034 County Road 42, Burnsville, MN 55337
      View Details
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    250 Travelers Trl
    Burnsville, MN 55337-4099
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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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