185 High Point PlByron, MN 55920

Property Details for 185 High Point Pl

Year built

2004

Lot size

0.85 AC

Property size (Sq ft)

5,529 SF

Property type

Office buildings

APN

75.33.23.069461

APU

753323069461

Description

This exceptional investment opportunity presents a fully leased, single-story multi-tenant building situated at 185 High Point Pl NE in Byron, Minnesota, 55920. The property encompasses 5,720 square feet across three units, ideally suited for a variety of office and retail uses. Currently occupied by a counseling business, a hair salon, and a flooring business, the building boasts a strong tenant roster. Each unit features its own private bathroom and convenient access to a rear employee parking lot. Ample client and customer parking is available in the spacious front lot. Built in 2005 on a 36,702 square foot lot (APN: 75.33.23.069461), this property benefits from a recently replaced roof (installed three years ago). The building's operational efficiency is enhanced by the tenants' responsibility for most utilities

• CAP approach

  CAP return

  Valuation

  6%

  $910,134

  6.5%

  $840,124

  7%

  $780,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,200

  Geo Method

  $282,200

• Alternative Use

  Use

  Valuation

  Residential

  $1,041,754

  Hospitality

  $954,241

  Educational

  $793,917

  Medical

  $821,221

  Retail

  $1,234,982

Location Insight

City

Byron

County

Olmsted

State

Minnesota

Latitude

44.0299

Longitude

-92.6344

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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