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    Property profile & analytics

    2935 Country Dr Little Canada, MN 55117

    • Office buildings
    • 16,159 SF
    • 1.51 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1136514
    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 2935 Country Dr

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    1.51 lot acres
    Property size
    16,159 SF
    Zone code
    A
    Property type
    Office buildings
    APN
    06-29-22-14-0053
    APU
    62922140053

    Description

    This exceptional 4,341 square foot single-tenant medical office building is ideally situated in Little Canada, Minnesota, at 2935 Country Drive, zip code 55117. The property boasts a convenient single-story design, offering ample natural light through large windows. The space is thoughtfully divided into approximately 2,480 square feet of office area and 1,861 square feet of shop space, making it perfect for a variety of medical practices or service-oriented businesses. Three convenient drive-in bays provide easy access for patients and deliveries. Its prime location offers excellent accessibility to major transportation arteries, including I-35E, I-694, and Highway 36, ensuring convenient commutes for both staff and clients. The surrounding area is rich with amenities, including gas stations, restaurants, Caribou Coffee, and fast-food options, providing added convenience for everyone. This property presents a unique opportunity to establish or expand a thriving medical practice in a highly desirable location. The building's layout and features are designed to maximize functionality and create a welcoming environment for patients and staff alike. Don't miss this chance to secure this exceptional medical office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,521,000
      Market price range: $1.32M - $2.72M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,770,000
      Current use
      MEDICAL BUILDING
      $2,380,000
      Change: +35% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,860,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $1,650,000
      Change: -7% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,485,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Canada
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0912
    Latitude
    45.0296
    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
    $47,186
    $263,100
    $1,268,400
    $1,531,500
    -
    $263,100
    $1,268,400
    $1,531,500

    Comparable in this City

    • Value Estimation by Request
      6,840 SF

      1086 Rice St

      OFFICE BUILDING • 6,840 SF
      1086 Rice St, Saint Paul, MN 55117-4922
      View Details
    • Value Estimation
      $1,250,000
      11,892 SF

      325 Roselawn E Ave

      OFFICE BUILDING • 11,892 SF
      325 Roselawn E Ave, Maplewood, MN 55117-2035
      View Details
    • Value Estimation
      $3,245,000
      39,734 SF

      222 Little Canada E Rd

      OFFICE BUILDING • 39,734 SF
      222 Little Canada E Rd, Little Canada, MN 55117-2375
      View Details
    • Value Estimation
      $2,780,000
      29,968 SF

      219 Little Canada E Rd

      OFFICE BUILDING • 29,968 SF
      219 Little Canada E Rd, Little Canada, MN 55117-1325
      View Details
    • Value Estimation by Request
      8,928 SF

      1654 Rice St

      OFFICE BUILDING • 8,928 SF
      1654 Rice St, Saint Paul, MN 55117-3757
      View Details
    • Value Estimation by Request
      8,192 SF

      90 County Rd C W C

      OFFICE BUILDING • 8,192 SF
      90 County Rd C W C, Little Canada, MN 55117-2374
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      960 SF

      Office Space in Little Canada

      Office space for sale with freeway visibility and building signage.
      75 W Viking Dr, Little Canada, MN 55117
      View Details
    • $74,900
      0.10 Acres

      Saint Paul Vacant Lot

      Vacant lot in St. Paul, up to 5 units allowed.
      1132 Jackson St, Saint Paul, MN 55117
      View Details
    • $1,350,000
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      Saint Paul Multifamily Investment

      Fully leased building with long-term tenants in Saint Paul.
      1566 Woodbridge St, Saint Paul, MN 55117
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    • $249,900
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      Saint Paul Corner Industrial Lot

      Prime corner lot in St. Paul, zoned for light industrial.
      370 Atwater St W, Saint Paul, MN 55117
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      0.74 Acres

      Land For Sale, Little Canada

      Commercial land available in Little Canada, Minnesota.
      70 County Road C W, Little Canada, MN 55117
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    • Contact for pricing
      2,580 SF

      Spacious Townhome with Ample Storage

      One-level living with open layout, fireplace, and finished lower level.
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    Similar Nearby for Lease

    • $10 SF/Yr
      4,341 SF

      Little Canada Medical Office Space

      4,341 SF Medical Office for Lease
      2935 Country Dr, Little Canada, MN 55117
      View Details
    • $10 SF/Yr
      27,202 SF

      Executive Office Space Little Canada

      Prime Little Canada Office Suite Available
      75 Viking Dr, Little Canada, MN 55117
      View Details
    • $144 SF/Yr
      32,670 SF

      Prime Little Canada Office Space

      Modern Office Suites Available, 1,650-3,105 SF
      2885 Country Dr, Little Canada, MN 55117
      View Details
    • $16 SF/Yr
      12,432 SF

      Prime Ramsey County Office Space

      Modern Office Suites, Hwy Access
      5 County Road B, Saint Paul, MN 55117
      View Details
    • Contact for pricing
      1,560 SF

      Office Suite with Freeway Visibility

      Office suite featuring private offices, restrooms, and freeway visibility.
      2885 Country Dr, Little Canada, MN 55117
      View Details
    • Contact for pricing
      2,001 SF

      Little Canada Office/Retail Space

      2,001 SF newly constructed office/retail space available for rent.
      125 Little Canada Rd W, Little Canada, MN 55117
      View Details
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    Little Canada, MN 55117
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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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