Listing Agency: Telus Property Services & Solutions Show Phone

Listed By: Steve Ogren Show Phone

Source: Moodyscre

Added: Jul 24, 2025 Changed: Oct 1 Last Checked: Oct 4 at 7:22AM

Report an Issue

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 Telus Property Services & Solutions

Investment Insights

Based on property information with market context.

The property, located in Lake Elmo, Minnesota, features a level topography and a total area of 22,932 square feet. The site area is suitable for a larger commercial user or can be subdivided to accommodate smaller users. The property includes a 6,466-square-foot showroom office, a 15,864-square-foot service parts area, and a 597-square-foot parts/mezzanine area. It is suitable for retail and showroom purposes.

Key Highlights

• Ideal site area suitable for a large commercial user.
• Divisible site to accommodate smaller users.
• Showroom office space offering 6,466 SF.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$268,717

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,374,340 $5.4M

Cap Rate 7%

$3,838,814 $3.8M

Cap Rate 9%

$2,985,744 $3.0M

Market Conditions

NOI Build-Up for 22,932 SF

Gross rent

$412.8K $18.00/SF

− Vacancy

−$28.9K −$1.26/SF

EGI

$383.9K $16.74/SF

− OpEx

−$115.2K −$5.02/SF

NOI

$268.7K $11.72/SF

Area

Washington County, MN

Vacancy

7.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,374,340

Cap Rate 7%

$3,838,814

Cap Rate 9%

$2,985,744

Alternative Uses

Best Use

Retail

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $268,717 @ 7.0% cap · market cap 5.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.37M

$5.57M – $7.43M (±1% cap)

NOI $445,886 @ 7.0% cap · market cap 8.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Showrooms

Suggested Use

Top Pick Building Supply Parking Lot & Garage Storage Facility Garden Center Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

271

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this showrooms located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Office Building with Highway Visibility

8665 Hudson Blvd N, Lake Elmo, MN 55042

Contact for pricing

25,558 SF

View details

Lake Elmo School Opportunity

11030 Stillwater Blvd, Lake Elmo, MN 55042

Contact for pricing

82,570 SF

View details

Office Space in Lake Elmo

8565 Eagle Point Circle, Lake Elmo, MN 55042

$3,130,686

View details

Furnished Spa & Wellness Property

8955 33rd Street, Lake Elmo, MN 55042

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Showroom - Retail property for sale in Lake Elmo, Minnesota.

Where is this showroom located?

The property is located at 11144 Stillwater Blvd N Lake Elmo, MN.

What is the asking price?

The asking price for this property is $4,999,995.

What are key features of this property?

This property features: Ideal site area suitable for a large commercial user.; Divisible site to accommodate smaller users.; Showroom office space offering **6,466 SF**.