Property summary
Exceptional investment opportunity in Plymouth, MN, this 23,769 square foot medical office building boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $312,875. Built in 1988 and extensively renovated in 2023, the property sits on a 1.59-acre lot and offers 87 parking spaces. Its prime location near Rockford Road and Interstate 494 ensures easy accessibility within the Minneapolis metro area, a thriving market with a GDP approaching $300 billion and a low unemployment rate. The surrounding area features a robust trade area with numerous restaurants and retail stores, providing ample amenities for patients and staff. The building's high visibility and location in a desirable suburb contribute to its strong tenant base and potential for future growth. The asking price is $3,911,000. This represents a rare opportunity to acquire a stable, high-performing medical office building in a dynamic and growing market. The property benefits from its proximity to a strong residential area and a highly trafficked location, ensuring consistent patient flow and high visibility. This is an ideal investment for those seeking a stable, high-return asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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