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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Southcross W Dr Burnsville, MN 55306-7901

    • Auto shops
    • 17,510 SF
    • 1.82 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2022
    $2,200,000
    Value Estimations
    $2,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1001534
    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.

    Current Use by Public Records

    • Meineke Car Care Center / Auto Repair Shop

    Property Details for 600 Southcross W Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.82 lot acres
    Property size
    17,510 SF
    Zone code
    R
    Property type
    Auto shops
    APN
    02-90460-00-010
    APU
    29046000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,945,000
      ML approach
      $2,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,576,000
      Market price range: $1.43M - $4.35M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,990,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,470,000
      Change: +16% Conversion: Difficult
      RESTAURANT
      $3,395,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $2,680,000
      Change: -10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,665,000
      Change: -11% Conversion: Easy
      RETAIL STORES
      $2,495,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burnsville
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.2867
    Latitude
    44.7386
    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
    $54,078
    $696,200
    $1,176,500
    $1,872,700
    -
    $696,200
    $1,176,500
    $1,872,700

    Comparable in this City

    • Value Estimation
      $790,000
      18,844 SF

      14601 Burnhaven Dr

      AUTO REPAIR, GARAGE • 18,844 SF
      14601 Burnhaven Dr, Burnsville, MN 55306-6127
      View Details
    • Value Estimation
      $560,000
      10,950 SF

      14200 Morgan S Ave

      AUTO REPAIR, GARAGE • 10,950 SF
      14200 Morgan S Ave, Burnsville, MN 55306-6993
      View Details
    • Value Estimation by Request
      1,232 SF

      14801 County Rd 5th 5

      AUTO REPAIR, GARAGE • 1,232 SF
      14801 County Rd 5th 5, Burnsville, MN 55306-4810
      View Details
    • Value Estimation by Request
      8,400 SF

      14284 Newton S Ave

      AUTO REPAIR, GARAGE • 8,400 SF
      14284 Newton S Ave, Burnsville, MN 55306-4899
      View Details
    • Value Estimation
      $1,095,000
      30,326 SF

      1901 Ames Dr

      AUTO REPAIR, GARAGE • 30,326 SF
      1901 Ames Dr, Burnsville, MN 55306-5094
      View Details
    • Value Estimation by Request
      8,840 SF

      1975 County Rd 42nd W

      AUTO REPAIR, GARAGE • 8,840 SF
      1975 County Rd 42nd W, Burnsville, MN 55306-6211
      View Details

    Similar Nearby for Sale

    • $3,100,000
      15,225 SF

      Single-Tenant Walgreens on 1.73 Acres

      Freestanding retail property on a high-traffic retail corridor.
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    • $2,950,000
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      Burnsville Office Building For Sale

      Fully leased, 18,880 SF office building near retail and restaurants.
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    • $1,399,000
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      1.67-acre commercial lot with high traffic counts near I-35.
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    • $225,000
      2.02 Acres

      Tranquil 2-Acre Residential Land

      Two-acre residential lot in Burnsville with potential for custom home.
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    • $1,250,000
      13,500 SF

      Established Burnsville Shooting Range

      Profitable Business, 13,500 SF
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    Similar Nearby for Lease

    • $8 SF/Yr
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      Vibrant Retail Space in Burnsville

      Prime retail location with flexible spaces and high traffic.
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    • Contact for pricing
      2,050 SF

      Retail Space in Burnsville

      Retail space with high visibility and accessibility in Burnsville.
      14321 Nicollet Ct, Burnsville, MN 55306
      View Details
    • Contact for pricing
      7,727 SF

      Former Restaurant with Freeway Visibility

      Freeway-visible former restaurant with redevelopment potential on 2.7 acres.
      14400 Buck Hill Rd, Burnsville, MN 55306
      View Details
    • Contact for pricing
      2,858 SF

      Retail Space in Burnsville Plaza

      Retail space available in Burnsville Plaza near Burnsville Mall.
      14300-14358 Burnhaven Dr, Burnsville, MN 55306
      View Details
    • $8 SF/Yr
      9,641 SF

      Burnsville Warehouse and Office Space

      9,641 SF warehouse with office space for lease.
      3200 Corporate Center Dr, Burnsville, MN 55306
      View Details
    • Contact for pricing
      65,609 SF

      14305 Southcross Dr

      Life science properties • 65,609 SF
      14305 Southcross Dr, Burnsville, MN 55306
      View Details
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    Burnsville, MN 55306-7901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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