Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3580 Lexington Ave N Shoreview, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Approximately 0.31 acres of commercial land available for lease.

    Type:LAND
    Lot size:
    0.31 Acres
    Added:
    Oct 24, 2024
    Days on Market:
    526
    Last Refresh:
    Mar 30 at 10:31 pm

    Property Features for 3580 Lexington Ave N

    General Information

    Standard status
    Active
    Lot size
    0.31 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 3580 Lexington Ave N Contact us

    We can help!

    Listing Contact
    Dan Altstatt

    Listing agent Dan Altstatt

    Listing office Redbrick Commercial

    Listing date Oct 24, 2024

    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 Redbrick Commercial

    Overview

    Commercial Land for Lease

    This commercial land, approximately 0.31 acres, is available for lease. It is zoned General Commercial and located on the border of Shoreview and Arden Hills in a well-located retail district. The property is suitable for drive-thru retail use. A ground lease is preferred, and the site is open to various concepts and site designs. Curb cut access is subject to approval.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shoreview
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1472
    Latitude
    45.0791

    Nearby Similar for Lease

    • $7/mo

      Shoreview Commercial Space with Storage

      Versatile space with office and outdoor storage in Shoreview.
      547 County Rd E West, Shoreview, MN
      View Details
    • $14/mo

      Upgraded Office Space Available

      Office space for rent in a walkable, vibrant location.
      3570 Lexington Ave N, Shoreview, MN
      View Details
    • Contact for pricing

      Shoreview Industrial Space Available

      Industrial space with office and warehouse components, available June 1st, 2024.
      559 - 575 Shoreview Park Rd, Floor 1, Suite 573 & 575, Shoreview, MN 55126
      View Details
    • $13/mo

      Shoreview Office Space For Rent

      Available office space in Shoreview with easy highway access.
      5985 Rice Creek Pkwy, Shoreview, MN
      View Details
    • $17/mo

      Shoreview Office Space Available

      Office space available for lease in Shoreview, Minnesota.
      4100 Lexington Ave N, Shoreview, MN
      View Details
    • $18/mo

      Shoreview Office Space Available

      7,280 square feet of office space for rent.
      4700 Lexington Ave N, Shoreview, MN
      View Details
    • Contact for pricing

      Shoreview Flex/Industrial Space Available

      Flex/industrial space with easy access to I-35W.
      5910 Rice Creek Pkwy, Shoreview, MN
      View Details
    • $12/mo

      Office Space Available For Rent

      Office space available, potential division to two spaces.
      3200 Lexington Ave N, Shoreview, MN
      View Details
    • Contact for pricing

      Retail Space in Shoreview Center

      Retail strip in Shoreview with excellent visibility and traffic.
      5910-5936 Lexington Ave N, Shoreview, MN
      View Details
    • Contact for pricing

      Shoreview Commercial Space For Lease

      Commercial space available for lease in Shoreview, Minnesota.
      559-575 Shoreview Park Rd, #571, Shoreview, MN 55126
      View Details
    • $12/mo

      Shoreview Office Space For Rent

      Office space with easy access to I-35W and retail.
      5939 Rice Creek Parkway, Shoreview, MN
      View Details
    • $13/mo

      Shoreview Office Space Available

      2,250 SF office space for sublease through May 2026.
      4570 Churchill St, Shoreview, MN
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 0.31 acres of commercial land available for lease.
    Where is this commercial land located?
    The property is located at 3580 Lexington Ave N Shoreview, MN.
    What are key features of this property?
    This property features: Well‑located retail district on the border of Shoreview and Arden Hills.; Drive thru retail use on approximately .31 acres.; Designated General Commercial zoning.
    (612) 802-8825 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Altstatt
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!