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Property summary
This fee-simple medical office building, located at 5200 Douglas Dr N in Minneapolis, Minnesota, presents a compelling investment opportunity. The property boasts a 6,489 square foot building, fully renovated in 2023 with over $1.7 million in improvements, and is currently 100% occupied under a fifteen-year triple-net (NNN) lease with a credit-rated corporate guarantor. The lease commenced August 2, 2023, and includes three five-year renewal options. The current annual net operating income… (NOI) is $325,815, yielding a 7.76% cap rate and a pro-forma cap rate of 9.26%. Rent increases are structured with an 8% bump in 2026, followed by 2.5% annual increases thereafter. Built in 1963, the property benefits from its recent comprehensive renovation and strategic location near multiple senior living communities (approximately 1,000 units within a two-mile radius). The long-term lease, strong tenant, and attractive rental increases make this a low-risk, high-reward investment opportunity. The asking price is $4,200,000 and is suitable for a 1031 exchange.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.62 ac
- Year built
- 2004
- APN
- 09-118-21-22-0052
- Assessed value · 2023
- $1,381,000
- Annual tax · 2023
- $41,932
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $41,932
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Minneapolis market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
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