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    Property profile & analytics

    3555 Willow Lake Blvd Vadnais Heights, MN 55110

    • Office buildings
    • 41,296 SF
    • 3.14 lot acres
    For Lease
    View listing
    Last Sale
    Jun 04, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0607336
    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 3555 Willow Lake Blvd

    Year built
    2004
    Lot size
    3.14 lot acres
    Property size
    41,296 SF
    Property type
    Office buildings
    APN
    33-30-22-12-0030
    APU
    333022120030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,474,000
      Market price range: $3.57M - $6.04M
      AI Estimate
      $3,999,000
      Market price range: $1.51M - $6.39M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,820,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,930,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $6,085,000
      Change: +26% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,760,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $4,220,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Vadnais Heights
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0556
    Latitude
    45.0494
    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
    $209,696
    $1,094,200
    $4,537,600
    $5,631,800
    -
    $1,094,200
    $4,537,600
    $5,631,800

    Comparable in this City

    • Value Estimation
      $1,240,000
      14,028 SF

      1280 Birch Lk Blvd

      OFFICE BUILDING • 14,028 SF
      1280 Birch Lk Blvd, White Bear Lake, MN 55110-6708
      View Details
    • Value Estimation
      $1,505,000
      15,834 SF

      1055 County Rd Ee

      OFFICE BUILDING • 15,834 SF
      1055 County Rd Ee, Vadnais Heights, MN 55110-5162
      View Details
    • Value Estimation
      $1,655,000
      18,413 SF

      3640 Talmage Cir

      OFFICE BUILDING • 18,413 SF
      3640 Talmage Cir, Vadnais Heights, MN 55110-4183
      View Details
    • Value Estimation
      $735,000
      8,100 SF

      3564 Rolling Vw Dr

      OFFICE BUILDING • 8,100 SF
      3564 Rolling Vw Dr, White Bear Lake, MN 55110-5676
      View Details
    • Value Estimation by Request
      6,490 SF

      2735 County Rd D E D

      OFFICE BUILDING • 6,490 SF
      2735 County Rd D E D, White Bear Lake, MN 55110-5623
      View Details
    • Value Estimation
      $585,000
      6,494 SF

      2074 County Rd Ee

      OFFICE BUILDING • 6,494 SF
      2074 County Rd Ee, White Bear Lake, MN 55110-4704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,600 SF

      Proposed Office Building For Lease

      Proposed 15,600 SF office building available for lease.
      Linden Ave, White Bear Lake, MN 55110
      View Details
    • New
      Contact for pricing
      6,500 SF

      Prime Commercial Space in White Bear

      Highly visible commercial space in downtown White Bear Lake.
      2171 4Th Street Cir, White Bear Lake, MN 55110
      View Details
    • Contact for pricing

      25.22 Acres of Land

      25.22 acres of land available for sale.
      12101 Forest Blvd N, Hugo, MN 55110
      View Details
    • $2,100,000

      Vadnais Heights Development Land

      Prime development land with high traffic and accessibility.
      Talmage Cir, Vadnais Heights, MN 55110
      View Details
    • $185,000
      0.25 Acres

      Prime Lot in White Bear Lake

      Vacant lot near schools, lakes, and downtown White Bear Lake.
      219x 12Th St, White Bear Lake, MN 55110
      View Details
    • Contact for pricing

      Highway Frontage Commercial Land Parcel

      Commercial land with direct highway access and high visibility.
      3244 Highway 61 North, Saint Paul, MN 55110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Professional Office Building For Rent

      Multi-tenant office building with accessibility to I-35E and I-694.
      3640 Talmage Cir, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing

      Office Building on Highway 96

      Highly visible office building with ample parking and easy access.
      1310 Highway 96 E, Saint Paul, MN 55110
      View Details
    • Contact for pricing

      White Bear Lake Office Building

      Office building in White Bear Lake, currently 100% leased.
      4771 Bald Eagle Ave, White Bear Lake, MN 55110
      View Details
    • Contact for pricing

      Vadnais Heights Office Space Available

      7,852 SF office suite suitable for medical, office, education.
      3500 Willow Lake Blvd, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing
      2,001 SF

      White Bear Lake Office Space

      Office suite with reception, private offices, and breakroom.
      3596 Linden Ave, White Bear Lake, MN 55110
      View Details
    • Contact for pricing
      1,717 SF

      Main Floor Office Suite

      Prominent suite ideal for professional office, medical, or service.
      3555 Willow Lake Blvd, Vadnais Heights, MN 55110
      View Details
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    Vadnais Heights, MN 55110
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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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