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Property profile & analytics
FOR LEASE
Distribution centers
401 W Travelers Trl Burnsville, MN 55337
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0579735
For Lease
1 / 2
$5,040,000
401 W Travelers Trl, Burnsville, MN 55337
View Listing →
Property summary
AI-generated overview
Gateway Business Park II, located at 401 W Travelers Trail in Burnsville, Minnesota (zip code 55337), offers exceptional office space in a three-building complex totaling 172,984 square feet. This prominent business park enjoys a highly visible location at the southeast corner of I-35W and Highway 13, providing excellent accessibility and brand visibility. Currently, there are multiple suites available, ranging from 2,795 to 8,250 contiguous square feet, representing a total of 8,250 square feet of vacant space. The property features ample surface parking for tenants and visitors. Its strategic location offers convenient access to amenities, including the Minneapolis-St. Paul International Airport (a 15-minute drive), the Burnsville Center (under 3 miles), and a wide array of dining and lodging options. Over 50 restaurants are within a 3-mile radius, and 14 hotels are within a 5-mile radius. On-site maintenance ensures a worry-free environment for tenants. This is an ideal opportunity for businesses seeking high-visibility office space in a thriving location with exceptional convenience and accessibility.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Construction
CONCRETE
Total area
53,500 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R
APN
02-28800-01-020
UPID
US46-0579735
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
-
VTI SECURITY Security Service Tech Support Center
-
Paladin Technologies Security Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.04M
Owner & transaction history
Kraus-anderson INC · 6 yrs held
Kraus-anderson INC
since 2020
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,150,000
Current use
RETAIL STORES
$7,625,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
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
$114,670
Tax year 2023
Assessed value
$3,739,800
Assessed 2022
Previous assessed
$3,571,600
+4.7% YoY
Effective rate
3.07%
On assessed value
Assessed land
$1,012,500
Assessed improvement
$2,727,300
Land market value
$1,012,500
Improvement market value
$2,727,300
Total market value
$3,739,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
7
Total area
53,500 SF
Lot
5.94 ac (258,746 SF)
Zoning code
R
APN
02-28800-01-020
UPID
US46-0579735
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.2M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Bathrooms
7
Lot
5.94 ac
Current owner
From public records · entity-resolved
Kraus-anderson INC
Entity
Mailing address
501 S 8TH ST, MINNEAPOLIS, MN 55404-1030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2020
—
Kraus-anderson INC
—
Deed
related
$4,500,000 · Thrivent Fin'l/lutherans
—
—
Kraus-anderson INC
—
Loan Modification
related
$4,500,000 · 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.
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