Roseville Office Condo
For Sale
Contact for pricing
1912 Lexington Ave N, Roseville, MN
Two office suites available in Roseville, Minnesota.
Property Size7,000 SF
Lot Size0.30 Acres
Price / SF$185.71
Days on Market883
Property Features for 1912 Lexington Ave N
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Listing Agency:
Commercial Equities Group, Inc
(612) 428-3333
Listed By:
Jeff Salzbrun · License #40699119
(612) 428-3333
Source:
Moodyscre
Added: Mar 1, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:03AM
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 Commercial Equities Group, Inc
Investment Insights
Based on property information with market context.
Located at the southeast corner of Lexington Avenue N and Roselawn Avenue W, this well-maintained, three-story office condo building features two suites on the 3rd floor. The 22,848 square foot Class A building has a brick exterior and currently houses a mix of medical and professional businesses. Suite 300 offers 3,500 square feet, including surrounding private offices, a break room with a sink and appliances, and centralized work rooms. Suite 350 also provides 3,500 square feet, featuring private offices with windows, a conference room, and multiple stations with sinks. A reception area, elevator lobby, and ADA-compliant restrooms are situated between the suites. The property includes facade signage and ample parking with 50 stalls. Roseville, Minnesota, offers a central suburban location with convenient access to St. Paul and Minneapolis. The area has a high concentration of retail and service businesses, with close proximity to Lexington Plaza Shoppes and Roseville Center Shopping Mall, and is minutes from Rosedale Center. The location is blocks from Highways 51 and 36 and County Rd B W, and benefits from a supportive business environment through the Roseville Economic Development Authority. The population is highly educated with experience in business, professional services, and commerce.
Key Highlights
- Two large office suites totaling 7,000 SF on the 3rd floor.
- Prime location at the corner of Lexington Avenue N and Roselawn Avenue W in Roseville, MN.
- Class A building with brick exterior and facade signage opportunity.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.7k | $21.96 |
| − Vacancy | −$42.9k | −$6.13 |
| EGI | $110.8k | $15.83 |
| − OpEx | −$27.7k | −$3.96 |
| NOI | $83.1k | $11.87 |
7,000 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,124 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,904 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
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 - Two office suites available in Roseville, Minnesota.
Where is this office units located?
The property is located at 1912 Lexington Ave N Roseville, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two large office suites totaling 7,000 SF on the 3rd floor.; Prime location at the corner of Lexington Avenue N and Roselawn Avenue W in Roseville, MN.; Class A building with brick exterior and facade signage opportunity.
