Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fully Leased Office Building Title is generated by Realmo AI

    5701 Kentucky Avenue N, Crystal, MN 55428

    View on Map
    Claim this Listing
    New
    For Sale
    $2,000,000

    Commercial - Crystal, MN

    Property size:
    17,985 SF
    Lot size:
    1.49 Acres
    Price / SF:
    $111/SF
    Added:
    May 19, 2026
    Days on Market:
    2
    Last Refresh:
    May 20 at 2:06 am

    Property Features for 5701 Kentucky Avenue N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial,Industrial
    Parking features
    Other
    Exterior features
    Other
    Standard status
    Active
    APN
    0511821420066
    Size
    17,985 SF
    Lot size
    1.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    46728

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1981
    Architectural style
    Other

    We can help!

    Listing Contact
    Rustam Muharamov

    Listing agent Rustam Muharamov

    Listing office Keller Williams Integrity Realty 2680 Snelling Ave., Roseville, MN

    Listing date May 19, 2026

    MLS# 7077270 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully Leased Office Building: Provides immediate and reliable income.
    • Updated Interior (2020): Offers modern appeal.
    • Strong Occupancy with Established Tenants: Demonstrates consistent demand.
    • Convenient Location: Near Highways 169, 100, and Bass Lake Road, offering easy access.
    • Flexible Layouts: Suitable for a variety of office and service users.
    • Below‑Market Rents: Presents an opportunity for future rental income growth.

    Overview

    The property at 5701 Kentucky Ave N in Crystal, Minnesota, is a fully leased office building encompassing 17,985 square feet. Constructed in 1981 and updated in 2020, the building features modern interiors and flexible layouts suitable for various office and service users. The property consists of 21 units and is fully occupied by 14 tenants, providing stable income. Ample parking is available. Its location offers convenient access to Downtown Minneapolis and nearby business areas via Highway 169, Highway 100, and Bass Lake Road. Situated on a 1.49-acre lot, this commercial real estate is zoned for business, commercial, and industrial use. The property presents a solid investment opportunity with potential for future growth due to strong occupancy, established tenants, and below-market rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Crystal
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3804
    Latitude
    45.0617

    Nearby Similar for Sale

    • $825,000
      5,000 SF

      Functional Industrial Property with Office

      5,000 SF industrial property with warehouse and office space.
      5201 Lakeland Avenue N, Crystal, MN 55429
      View Details
    • $825,000
      5,000 SF

      Crystal Flex Space For Sale

      5,000 SF flex space in Crystal, Minnesota available for purchase.
      5201 Lakeland Ave, Crystal, MN
      View Details
    • $3,050,000
      27,600 SF

      Industrial Building Near I-694

      27,600 SF industrial building with excellent highway access.
      5221 Lakeland Ave N, Crystal, MN
      View Details
    • $1,075,000
      6,650 SF

      Former Tire Shop For Sale

      6,650 SF building in Crystal, MN, prime corner location.
      5500 W Broadway Ave, Crystal, MN
      View Details
    • $1,075,000
      6,650 SF

      Former Goodyear Tire Building For Sale

      6,650 SF building in Crystal, MN, excellent high-traffic location.
      5500 W Broadway, Crystal, MN 55428
      View Details
    • Contact for pricing
      25,227 SF

      Retail Property with Drive-Thru Lanes

      Retail property featuring seven drive-thru lanes and monument signage.
      7000 Bass Lake Rd, Crystal, MN
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building in Crystal, Minnesota, fully leased.
    Where is this office building located?
    The property is located at 5701 Kentucky Avenue N Crystal, MN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Fully Leased Office Building: Provides immediate and reliable income.; Updated Interior (2020): Offers modern appeal.; Strong Occupancy with Established Tenants: Demonstrates consistent demand.
    (612) 444-3333
    We can help!
    Listing Contact
    Rustam Muharamov
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5701 Kentucky Avenue N, Crystal, MN 55428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!