4644 Victor Path, Hugo, MN
Office building in a rapidly growing community with highway access.
- Added:
- May 1, 2025
- Days on Market:
- 406
- Last Refresh:
- May 20 at 8:04 pm
Property Features for 4644 Victor Path
General Information
- Standard status
- Active
- Size
- 3,595 SF
- Lot size
- 0.64 Acres
- Property subtype
- OFFICE
Listing agent Jeff D Nordness (651) 341-5044
Listing office Essence Real Estate Services Inc. (651) 341-5044
Listing date May 1, 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 Essence Real Estate Services Inc.
HighLights
- Direct visibility and access to Frenchman Road
- Excellent access to I‑35e and Highway 61
- Located in a rapidly growing community
- Proximity to Festival Foods
- Proximity to Blue Heron Restaurant
- Proximity to Kwik Trip
Overview
Local 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 | $89.7k | $24.96 |
| − Vacancy | −$23.2k | −$6.46 |
| EGI | $66.5k | $18.50 |
| − OpEx | −$16.6k | −$4.62 |
| NOI | $49.9k | $13.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hugo
- County
- Washington
- State
- Minnesota
- Longitude
- -93.0127
- Latitude
- 45.1622
