563 Bielenberg DrWoodbury, MN 55125

Property Details for 563 Bielenberg Dr

Year built

2006

Lot size

0.03 AC

Property size (Sq ft)

1,178 SF

Property type

Office properties

APN

05-028-21-42-0091

APU

502821420091

Description

This exceptional medical office opportunity in Woodbury, Minnesota, presents two combined suites totaling 2,369 square feet within the desirable Tamarack Hills complex. Located at 563 Bielenberg Dr, 55125, this Class B building offers a convenient location with easy access to major highways I-494, I-94, and I-694. Built in 2006, the property features a single-tenant occupancy in a two-story building on a 0.03-acre lot. The asking price is $595,000, translating to $251.16 per square foot. The space includes 16 parking spaces, with 4 dedicated underground stalls. Suite 245 encompasses 1,120 square feet, while Suite 250 offers 1,249 square feet. The property boasts exterior signage availability and is zoned GW, making it ideal for medical office use. Annual CAM charges are $8.62 per square foot, and annual taxes are $4.35 per square foot. This presents a strong investment opportunity in a thriving Woodbury location.

• CAP approach

  CAP return

  Valuation

  6%

  $216,581

  6.5%

  $199,921

  7%

  $185,641

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,125

  Geo Method

  $60,125

• Alternative Use

  Use

  Valuation

  Residential

  $247,902

  Hospitality

  $227,077

  Educational

  $188,926

  Medical

  $195,423

  Retail

  $293,884

Location Insight

City

Woodbury

County

Washington

State

Minnesota

Latitude

44.9404

Longitude

-92.9537

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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