Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    St Louis Park Office Space Title is generated by Realmo AI

    1000 Shelard Pkwy, St Louis Park, MN 55426

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with high visibility and convenient access.

    Type:OFFICE
    Property size:
    8,048 SF
    Lot size:
    2.85 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 1000 Shelard Pkwy

    General Information

    Standard status
    Active
    Size
    8,048 SF
    Lot size
    2.85 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1000 Shelard Pkwy Contact us

    We can help!

    Listing Contact
    Brent Karkula
    Brent Karkula

    Listing agent Brent Karkula License #20135879

    Listing office JLL

    Listing date Nov 23, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JLL

    HighLights

    • Remarkable views of Minneapolis
    • Superior accessibility & high visibility from I‑394, Hwy 55 and Hwy 169
    • Unparalleled area and building amenities
    • Convenient location between West End and Ridgedale Center
    • Close proximity to nearby hotels and restaurants
    • Top talent recruitment and retention

    Overview

    This office space is situated in a convenient location between West End and Ridgedale Center. It offers superior accessibility and high visibility from I-394, Hwy 55, and Hwy 169. The property provides unparalleled area and building amenities, facilitating top talent recruitment and retention. The location offers remarkable views of Minneapolis and is in close proximity to nearby hotels and restaurants. The property has a size of 8048 square feet and is located in St Louis Park, MN.
    Location Intelligence

    Current Use by Public Records

    Midwest Secure Retirement Insurance Agency ChargeOver (Bike/Boat/Book/etc) Store Focus Financial Financial Advisor Curtis A. Levang, PHD Physician Kate Schmidt Foster Care Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Louis Park
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4099
    Latitude
    44.9743

    Nearby Similar for Lease

    • $24 SF/Yr

      Retail/Office Space in Luxury Building

      Corner retail/office space with abundant natural light in St. Louis Park.
      3510 Beltline Boulevard, St. Louis Park, MN 55416
      View Details
    • $4 SF/Yr
      2,111 SF

      Move-in Ready Office Space

      Flexible office solutions in St. Louis Park, minutes from Minneapolis.
      4301 Hwy 7, St Louis Park, MN
      View Details
    • $20 SF/Yr
      1,100 SF

      Move-in Ready Office Space

      Office space with easy access and basement storage included.
      6200-6250 Excelsior Blvd, St Louis Park, MN
      View Details
    • $19 SF/Yr
      1,592 SF

      Office Space with Highway Access

      Office space with convenient access to I-394 and Highway 169.
      600 Hwy 169, St Louis Park, MN
      View Details
    • Contact for pricing
      1,210 SF

      Office and Retail Space Available

      Office and retail spaces for lease.
      1601 Utica Ave, St. Louis Park, MN 55146
      View Details
    • $24 SF/Yr
      1,291 SF

      Creative Office Space Available

      Modern office space with collaboration areas and freeway access.
      5354 Parkdale Dr, St Louis Park, MN
      View Details
    • Contact for pricing

      Retail Space in Cedar Point

      Prime retail space in St. Louis Park's Cedar Point.
      5330 Cedar Lake Road, St. Louis Park, MN 55416
      View Details
    • $18 SF/Yr
      12,600 SF

      Retail Space on Corner Lot

      Retail space in dense urban neighborhood center near I-394.
      2304-2326 Louisiana Ave, St Louis Park, MN
      View Details
    • $20 SF/Yr
      215 SF

      St Louis Park Office Space

      Office space for rent in St Louis Park, Minnesota.
      8700 W 36th St, St Louis Park, MN
      View Details
    • Contact for pricing
      80,684 SF

      High Profile Retail Space

      Retail space in remodeled Shoppes at Knollwood, strong retail sales.
      8100-8440 Hwy 7, St Louis Park, MN
      View Details
    • Contact for pricing
      350 SF

      St. Louis Park Office Space

      350 sq ft office space in St. Louis Park.
      6528-6540 W Lake St, St Louis Park, MN
      View Details
    • Contact for pricing
      7,047 SF

      Creative Office/Lab/Tech Space Available

      7,047 SF flex space with build-out options.
      4200-4250 Park Glen Rd, St Louis Park, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with high visibility and convenient access.
    Where is this office units located?
    The property is located at 1000 Shelard Pkwy St Louis Park, MN.
    What are key features of this property?
    This property features: Remarkable views of Minneapolis; Superior accessibility & high visibility from I‑394, Hwy 55 and Hwy 169; Unparalleled area and building amenities
    (612) 327-7048 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brent Karkula
    Brent Karkula
    Real Estate License ID: 20135879
    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
    1000 Shelard Pkwy, St Louis Park, MN
    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!