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    Property profile & analytics
    OFF-MARKET Estimated value $7,445,000
    Commercial real estate

    9220 Bass Lk Rd, New Hope, MN 55428-3000

    6.98 ac lot Built 1973
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US46-0131877
    Property summary
    AI-generated overview

    This exceptional executive office space in New Hope, Minnesota, offers 40,518 square feet of immediately available space within a 109,704 square foot building situated on a 6.98-acre lot at 9220 Bass Lake Rd, 55428. The property, built in 1973 and extensively renovated in 2021, is zoned RO and provides flexible suite sizes ranging from a minimum of 1,502 square feet to a maximum contiguous space of 13,633 square feet. Multiple tenancy options are available, catering to businesses of various sizes. The building's convenient location offers easy access to major transportation arteries, including Highway 169 and Interstate 94, providing seamless commutes for employees. Its strategic location in New Hope places it within close proximity to several other significant cities, including Maple Grove, Plymouth, Brooklyn Center, and Brooklyn Park, enhancing its accessibility and appeal. This presents a unique opportunity to establish a presence in a thriving business community while enjoying the advantages of a suburban setting. The property's modern amenities and flexible floor plans make it an ideal location for businesses seeking a productive and comfortable work environment. This is a rare opportunity to secure high-quality office space in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1973
    Construction STEEL FRAME
    Lot 6.98 ac (304,049 SF)
    APN 06-118-21-23-0078
    UPID US46-0131877
    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
    $7.15M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $7.45M
    Owner & transaction history
    9220 Bass Lake Road LLC · 3 yrs held
    9220 Bass Lake Road LLC
    since 2022
    Last sale
    $8.0M
    5 recorded transactions
    2022
    2022
    $8.0M
    2001
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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