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Property profile & analytics
FOR SALE
Office buildings
652 Bielenberg Dr, Woodbury, MN 55125
Entity Owned
10-yr Hold
Free & Clear
Property ID
US46-0089487
For Sale
1 / 4
$5,500,000
652 Bielenberg Dr, Woodbury, MN 55125
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Property summary
AI-generated overview
This exceptional Class A medical office building, constructed in 2017, offers 17,994 square feet of space situated on a 0.34-acre lot (14,810 square feet). Currently featuring multiple tenants, there is one immediate vacancy of 1,126 square feet available. The building boasts high-end finishes and is conveniently located in the Southeast Minnesota submarket of Washington County, providing easy access to major highways 494, 94, and 694. Its prime location offers proximity to various amenities, including restaurants, shopping centers, and other medical and dental clinics. The two-story building is zoned GW and benefits from excellent visibility with tenant exterior signage opportunities. The property presents a strong investment opportunity due to its high occupancy rate and strategic location. Future development is enhanced by its proximity to a planned Gold Line Metro stop, promising increased accessibility and potential for future growth. Pricing is negotiable.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
19,536 SF
Lot
0.34 ac (14,932 SF)
APN
05-028-21-31-0206
UPID
US46-0089487
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$3.94M
Owner & transaction history
St Paul Dev Corp · 10 yrs held
St Paul Dev Corp
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.5M
+17.3%
Commercial (general)
$3.4M
+16.3%
Retail stores
$3.4M
+15.1%
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 Woodbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodbury 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,820,000
6.5%
$4,445,000
7%
$4,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,960,000
Current use
WAREHOUSE, STORAGE
$3,475,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,440,000
Change: +16% · Conversion: Easy
RETAIL STORES
$3,405,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$3.94M
Range $3.54M – $4.33M · ±10%
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
$201 / 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
$118,308
Tax year 2023
Assessed value
$3,843,100
Assessed 2022
Previous assessed
$3,843,100
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$466,700
Assessed improvement
$3,376,400
Land market value
$466,700
Improvement market value
$3,376,400
Total market value
$3,843,100
Applied tax rate
8,506.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2016
Heating
NONE
Total area
19,536 SF
Lot
0.34 ac (14,932 SF)
APN
05-028-21-31-0206
UPID
US46-0089487
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
St Paul Dev Corp
Entity
Free & Clear · 10 yrs held
Mailing address
505 E GRANT ST #201, MINNEAPOLIS, MN 55404-1411
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2017
—
St Paul Development Corporation
—
Deed
related
$1,200,000 · Venture Bank
Dec 18, 2015
$300,000
St Paul Dev Corp
Thone Property Invs IV LLC
Grant Deed
—
Dec 28, 2007
$2,177,230
Tamhills II LLC
Wes-biel 68 LLC
Grant Deed
—
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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