Turn-Key Office
For Sale
$300,000
1022 4th St SE Unit 102, Saint Cloud, MN 56304
Move-in ready office suite with negotiable furniture and cubicles for a streamlined tenant or owner-occupant setup.
Property Size2,092 SF
Price / SF$143.40
Days on Market87
Property Features for 1022 4th St SE Unit 102
General Information
Standard status
Active
Size
2,092 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Listing Agency:
Premier Real Estate Services
Listed By:
Noel M. Johnson · License #20360894
(320) 259-4554
Source:
Vibemn
Added: Jun 16
Changed: Sep 3
Last Checked: Sep 10 at 12:22AM
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 Real Estate Services
Investment Insights
Based on property information with market context.
This turn-key office suite is offered with existing office furniture and cubicles, which are negotiable for the next buyer. The space is positioned within an Arlington Business Contesd setting, providing an immediately usable configuration without the need for a full interior buildout.
The location offers quick access to Highway 10 and Highway 23, with proximity to the new Hwy 10 overpass. For users who rely on highway connections for commuting, deliveries, or client access, the site’s adjacency to the overpass can simplify travel times and routing.
For office buyers seeking an efficient move-in package, the availability of negotiable furniture can help reduce early setup costs and shorten the time to occupancy. This suite format can also suit tenants or owners who want a straightforward, ready-to-work environment rather than starting from bare space.
The location offers quick access to Highway 10 and Highway 23, with proximity to the new Hwy 10 overpass. For users who rely on highway connections for commuting, deliveries, or client access, the site’s adjacency to the overpass can simplify travel times and routing.
For office buyers seeking an efficient move-in package, the availability of negotiable furniture can help reduce early setup costs and shorten the time to occupancy. This suite format can also suit tenants or owners who want a straightforward, ready-to-work environment rather than starting from bare space.
Key Highlights
- Move‑in ready office space in Arlington Business Center
- Office furniture and cubicles are negotiable
- Located next to the new Hwy 10 overpass
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
$24,842
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
8.28%
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%
$496,840
$496.8K
Cap Rate 7%
$354,886
$354.9K
Cap Rate 9%
$276,022
$276.0K
Market Conditions
NOI Build-Up for 2,092 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
$45.9K $21.96/SF
− Vacancy
−$12.8K −$6.13/SF
EGI
$33.1K $15.83/SF
− OpEx
−$8.3K −$3.96/SF
NOI
$24.8K $11.87/SF
Area
Sherburne County, MN
Vacancy
27.90%
Lease Rate
$21.96 /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%
$496,840
Cap Rate 7%
$354,886
Cap Rate 9%
$276,022
Alternative Uses
Best Use
Office B
$354.9K
$310.5K – $414.0K
NOI $24,842 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.1K
$436.7K – $582.3K
NOI $34,938 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 56304, MN
17,020
Population
7,538
Households
2.3
Avg Household Size
34
Median Age
25%
College-Educated
87%
High-School Grad
60.7 sq mi
ZIP Area
280
Density / Sq Mi
$54,133
Median Household Income
$36,365
Median Earnings
$926
Median Rent
$230,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office suite with negotiable furniture and cubicles for a streamlined tenant or owner-occupant setup.
Where is this office units located?
The property is located at 1022 4th St SE Unit 102 Saint Cloud, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Move‑in ready office space in Arlington Business Center; Office furniture and cubicles are negotiable; Located next to the new Hwy 10 overpass
