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Property profile & analytics
FOR LEASE
Office buildings
350 Burnsville Pkwy, Burnsville, MN 55337
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0458998
For Lease
$13 SF/Yr
350 Burnsville Pkwy, Burnsville, MN 55337
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
94,521 SF
Lot
4.55 ac (198,198 SF)
APN
02-18150-01-021
UPID
US46-0458998
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
-
Trystar Industrial Manufacturer Production Facility
-
Cambria Mortgage Loan Service Bank
-
Bell Bank Mortgage, Lu Gronseth Jr. Loan Service Bank
-
Walter Pickup Financial Advisor
-
Jagow Law Office P.A. Law Firm
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
Pleasant Villas II Limited Partners · 3 yrs held
Pleasant Villas II Limited Partners
since 2023
Last sale
$210,000
3 recorded transactions
Zoning & alternative use
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
$291,210
Tax year 2023
Assessed value
$9,593,700
Assessed 2022
Previous assessed
$9,506,600
+0.9% YoY
Effective rate
3.04%
On assessed value
Assessed land
$1,388,300
Assessed improvement
$8,205,400
Land market value
$1,388,300
Improvement market value
$8,205,400
Total market value
$9,593,700
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
14
Total area
94,521 SF
Lot
4.55 ac (198,198 SF)
APN
02-18150-01-021
UPID
US46-0458998
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Bathrooms
14
Lot
4.55 ac
Current owner
From public records · entity-resolved
Pleasant Villas II Limited Partners
Entity
Free & Clear · 3 yrs held
Mailing address
7645 LYNDALE AVE, MINNEAPOLIS, MN 55423-4084
Ownership since
2023
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
Jun 6, 2023
$210,000
Pleasant Villas II Limited Partners
Rto Investments LLC
Warranty Deed
—
Nov 23, 2021
$7,885,500
Gateway Office Plaza LLC
Gateway Office Plaza LLC
Limited Warranty Deed
$6,500,000 · Alerus Financial NA
Apr 10, 2015
$9,226,500
Gateway Office Plaza LLC
Kraus-anderson INC
Grant Deed
$6,200,000 · Thrivent Fin'l/lutherans
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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