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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Distribution centers
500 Travelers Trl Burnsville, MN 55337-7502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0529690
Property summary
AI-generated overview
The Burnsville Corporate Center offers a unique opportunity to lease versatile commercial space, ideal for businesses requiring both office and warehouse functionality. This multi-tenant property, built in 1984, boasts a total of 87,613 square feet, with 4,693 square feet currently available for lease. The space features a desirable 12-foot ceiling height, providing ample vertical storage and operational flexibility. Three convenient drive-in bays ensure efficient loading and unloading of goods, streamlining logistics. The property is classified as Retail, Office, and Industrial, catering to a diverse range of business needs. Located in Dakota County, this strategically positioned property offers easy access to major transportation routes and a thriving business community. The available space is perfect for a company seeking a blend of modern office accommodations and substantial warehouse capacity. This is a rare opportunity to secure a well-maintained, functional space in a prime location. Contact us today to schedule a viewing and explore the possibilities this property offers for your business expansion or relocation. The available space is 4,693 square feet.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Construction
CONCRETE
Total area
42,500 SF
Lot
3.78 ac (164,657 SF)
Zoning code
R
APN
02-15395-01-020
UPID
US46-0529690
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
-
Iglesia Linaje Escogido Amor Fraternal MN Church
-
Cornerstone Community Church Church
-
Sterling Education High School
-
Aviation Technical Testing Consultant
-
Minnesota Corn Growers Assn Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Pfg II LLC · 5 yrs held
Pfg II LLC
since 2020
Last sale
$2.3M
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
$2,565,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.32M (Sep 22 2020)
Last sale anchor
$2.32M
Sep 22 2020
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
$56 / 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
$75,058
Tax year 2023
Assessed value
$3,894,600
Assessed 2022
Previous assessed
$3,693,900
+5.4% YoY
Effective rate
1.93%
On assessed value
Assessed land
$884,900
Assessed improvement
$3,009,700
Land market value
$884,900
Improvement market value
$3,009,700
Total market value
$3,894,600
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
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
16
Total area
42,500 SF
Lot
3.78 ac (164,657 SF)
Zoning code
R
APN
02-15395-01-020
UPID
US46-0529690
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
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
16
Lot
3.78 ac
Current owner
From public records · entity-resolved
Pfg II LLC
Entity
Mailing address
12010 12TH AVE S, BURNSVILLE, MN 55337-1406
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
Sep 22, 2020
$4,600,000
Pfg II LLC
M & E Realty Co
Grant Deed
$2,850,000 · Bridgewater Bk
—
—
Trans-alarm INC
—
Deed Of Trust
related
$500,000 · Goldman Sachs Specialty Lndg
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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