Second-Floor Office Condo
966 Inwood Avenue North Oakdale, MN 55128
New
966 Inwood Avenue North, Oakdale, MN, 55128
$289,900
For Sale
$289,900
Professionally updated second-floor office condo with kitchenette, upgraded bathroom, and a flexible interior layout.
Property Size1,254 SF
Price / SF$231.18
Days on Market6
Property Features for 966 Inwood Avenue North
General Information
- Standard status
- Active
- Size
- 1,254 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 2005
Listing Agency
Commercial Investors Group
Listed by
Chad Heer, CCIM
Source
Commercialcafe
Added: Jul 13 Checked: Jul 17 at 4:26 am
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 Investors Group
Investment Insights
Based on property information with market context.
Located within Beacon Shore Office Park overlooking Armstrong Lake, this second-floor office condo offers a professionally updated 1,254 SF interior. The space includes custom cabinets, a kitchenette, and an upgraded bathroom, along with flexible work and entertaining areas. Layout flexibility is built in, with the ability to build out private offices along the front glass or to keep the existing training room.
A back deck provides a view of the lake, complementing the indoor workspace. The property is positioned for convenient commuting and easy access to major roadways, and the surrounding area supports a range of dining, retail, and outdoor recreation options, including nearby parks and nature trails.
On-site parking is described as ample for staff and guests, supporting day-to-day client and employee access.
A back deck provides a view of the lake, complementing the indoor workspace. The property is positioned for convenient commuting and easy access to major roadways, and the surrounding area supports a range of dining, retail, and outdoor recreation options, including nearby parks and nature trails.
On-site parking is described as ample for staff and guests, supporting day-to-day client and employee access.
Key Highlights
- Professionally updated second‑floor office condo in Beacon Shore Office Park
- 1254 SF interior space with kitchenette and upgraded bathroom
- Flexible layout with training room and option to build out private offices along the front glass
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 | $31.3k | $24.96 |
| − Vacancy | −$8.1k | −$6.46 |
| EGI | $23.2k | $18.50 |
| − OpEx | −$5.8k | −$4.62 |
| NOI | $17.4k | $13.87 |
1,254 SF · lease $24.96/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$248.5K
$217.4K – $289.9K
NOI $17,395 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.3K
$304.8K – $406.4K
NOI $24,383 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Professionally updated second-floor office condo with kitchenette, upgraded bathroom, and a flexible interior layout.
Where is this office units located?
The property is located at 966 Inwood Avenue North Oakdale, MN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Professionally updated second‑floor office condo in Beacon Shore Office Park; 1254 SF interior space with kitchenette and upgraded bathroom; Flexible layout with training room and option to build out private offices along the front glass
