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Property profile & analytics
FOR LEASE
Office Spaces
303 E Nicollet Blvd, Burnsville, MN 55337
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0530232
For Lease
1 / 2
Contact for pricing
303 E Nicollet Blvd, Burnsville, MN 55337
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1987
Construction
CONCRETE
Total area
54,530 SF
Lot
3.54 ac (154,202 SF)
Zoning code
R
APN
02-90530-00-020
UPID
US46-0530232
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
Current use
Occupant on record · Public records
-
M Health Fairview Clinic - Burnsville Medical Clinic
-
Fairview Charitable Organization Social Service Agency
-
Muna S. Sunni, MBBCH, MS Pediatrician Medical Clinic
-
Claudia Fox, MD, MPH Physician
-
Andrew J. Barnes, MD, MPH Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Burnsville 3030 Mob LLC · 5 yrs held
Burnsville 3030 Mob LLC
since 2021
Last sale
$21.0M
3 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$269,148
Tax year 2023
Assessed value
$9,045,100
Assessed 2022
Previous assessed
$8,597,800
+5.2% YoY
Effective rate
2.98%
On assessed value
Assessed land
$1,296,500
Assessed improvement
$7,748,600
Land market value
$1,296,500
Improvement market value
$7,748,600
Total market value
$9,045,100
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Total area
54,530 SF
Lot
3.54 ac (154,202 SF)
Zoning code
R
APN
02-90530-00-020
UPID
US46-0530232
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
12
Lot
3.54 ac
Current owner
From public records · entity-resolved
Burnsville 3030 Mob LLC
Entity
Mailing address
1920 MAIN ST STE #1200, IRVINE, CA 92614-7230
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$21,000,000
Burnsville 3030 Mob LLC
Hsre Mn 303 Burnsville LLC
Special Warranty Deed
$91,000,000 · Capital One Bank NA
Jan 4, 2018
$20,400,000
Hsre-mn 303 Burnsville LLC
Iret Properties
Grant Deed
—
—
—
Iret Properties
—
Deed Of Trust
related
$14,000,000 · Sun Life Assurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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