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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Office Spaces
731 Bielenberg Dr Woodbury, MN 55125-1700
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1968552
Property summary
AI-generated overview
This exceptional two-story, Class B office building, situated on a spacious 16.09-acre lot in Washington County's Southeast submarket, offers a unique blend of executive and medical office spaces within a mixed-use facility. The building totals 20,339 square feet, with 829 square feet currently available for lease. The property boasts convenient off-street parking, making it easily accessible for both staff and clients. Its strategic location provides effortless access to major transportation arteries, I-94 and I-494, via Bielenberg Drive and Tamarack Road. The building is zoned GW and features a single building with multiple tenants. This presents a fantastic opportunity for businesses seeking a well-maintained, versatile space in a highly desirable location. The available 829 square feet is ideal for a variety of uses, complementing the existing tenants within this thriving mixed-use environment. The ample lot size offers potential for future expansion or development, adding further value to this already attractive investment. This property is perfect for businesses seeking a blend of convenience, accessibility, and a professional atmosphere.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Total area
18,173 SF
APN
05-028-21-42-0115
UPID
US46-1968552
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
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.40M
Owner & transaction history
Akv Holdings LLC · 3 yrs held
Akv Holdings LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.2M
+17.3%
Commercial (general)
$3.2M
+16.3%
Retail stores
$3.2M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,755,000
Current use
WAREHOUSE, STORAGE
$3,230,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,200,000
Change: +16% · Conversion: Easy
RETAIL STORES
$3,170,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±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
$132 / 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
$74,088
Tax year 2023
Assessed value
$2,597,700
Assessed 2022
Previous assessed
$3,030,600
-14.3% YoY
Effective rate
2.85%
On assessed value
Assessed land
$567,900
Assessed improvement
$2,029,800
Land market value
$567,900
Improvement market value
$2,029,800
Total market value
$2,597,700
Applied tax rate
8,503.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Heating
NONE
Total area
18,173 SF
APN
05-028-21-42-0115
UPID
US46-1968552
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
$2.8M
WAREHOUSE, STORAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
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
2006
Heating
NONE
Current owner
From public records · entity-resolved
Akv Holdings LLC
Entity
Mailing address
PO BOX 5865, ROCHESTER, MN 55903-5865
Ownership since
2022
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
Dec 30, 2022
—
Akv Holdings LLC
—
Deed
related
$1,000,000 · Old National Bank
Apr 14, 2021
—
Axv Holdings LLC
—
Deed
related
$2,137,500 · Old National Bank
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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