5200 Douglas Dr N Minneapolis, MN 55429
Property profile & analytics
5200 Douglas Dr N Minneapolis, MN 55429
- Commercial real estate
- 0.62 lot acres
Property ID
US46-0604726
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 5200 Douglas Dr N
- Year built
- 2004
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.62 lot acres
- Property type
- Commercial real estate
- APN
- 09-118-21-22-0052
- APU
- 911821220052
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,165,000
- ML approach
- $1,220,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Crystal
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3598
- Latitude
- 45.0485
- 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
$41,932
$242,000
$1,139,000
$1,381,000
-
$242,000
$1,139,000
$1,381,000
