Corner Office Suite with
For Sale
Contact for pricing
10091 Dogwood NW, Coon Rapids, MN 55448
Vacant main-level corner office suite with reception and four to five private offices, featuring two sides of glass.
Property Size6,046 SF
Price / SF$175
Days on Market214
Property Features for 10091 Dogwood NW
General Information
Standard status
Active
Size
6,046 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
building signage
monument signage
Building Details
Tenancy
Multi
Listing Agency:
Premier Commercial Properties
(612) 718-9919
Listed By:
Richard A Lee
(612) 718-9919
Source:
Moodyscre
Added: Jan 7
Changed: Jul 27
Last Checked: Aug 9 at 8:21AM
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 Premier Commercial Properties
Investment Insights
Based on property information with market context.
This property consists of approximately 6,046 total square feet across three tenant spaces, with two currently leased. A 1,325 RSF main-level space is available and includes a functional build out with a reception area and four to five private offices. The available suite is a corner unit with two sides of glass.
Access is described as convenient to Hwy 10/610/65. Building and monument signage are also available.
The suite offers a straightforward professional office layout centered on a reception area and multiple private offices, supported by prominent corner glazing.
Access is described as convenient to Hwy 10/610/65. Building and monument signage are also available.
The suite offers a straightforward professional office layout centered on a reception area and multiple private offices, supported by prominent corner glazing.
Key Highlights
- 6,046 total SF building with three tenant spaces (two leased)
- Vacant 1,325 RSF main‑level corner suite
- Suite features a reception area and 4–5 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,677,340
$1.7M
Cap Rate 7%
$1,198,100
$1.2M
Cap Rate 9%
$931,856
$931.9K
Market Conditions
NOI Build-Up for 6,046 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$150.9K $24.96/SF
− Vacancy
−$39.1K −$6.46/SF
EGI
$111.8K $18.50/SF
− OpEx
−$28.0K −$4.62/SF
NOI
$83.9K $13.87/SF
Area
Anoka County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,677,340
Cap Rate 7%
$1,198,100
Cap Rate 9%
$931,856
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,867 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,557 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 55448, MN
28,970
Population
10,847
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
10.8 sq mi
ZIP Area
2,682
Density / Sq Mi
$95,610
Median Household Income
$48,539
Median Earnings
$1,706
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Vacant main-level corner office suite with reception and four to five private offices, featuring two sides of glass.
Where is this office units located?
The property is located at 10091 Dogwood NW Coon Rapids, MN.
What is the asking price?
The asking price for this property is $1,058,050.
What are key features of this property?
This property features: 6,046 total SF building with three tenant spaces (two leased); Vacant 1,325 RSF main‑level corner suite; Suite features a reception area and 4–5 private offices
