1299 Mississippi St NE, Fridley, MN
Two-story office building with separate entrances in Fridley, Minnesota.
- Added:
- Jun 15, 2022
- Days on Market:
- 1461
- Last Refresh:
- May 20 at 9:45 pm
Property Features for 1299 Mississippi St NE
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.48 Acres
- Property subtype
- OFFICE
Listing agent Jennifer Pelant (612) 306-7237
Listing office Atlas Commercial Real Estate (612) 306-7237
Listing date Jun 15, 2022
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 Atlas Commercial Real Estate
HighLights
- Great location with hard corner access and visibility
- Rare owner‑user office property
- Approximately 2,900 sf on two floors
- Separate entrances to each space
- Allows for single or dual business uses
- Upside for second user/tenant
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 | $72.4k | $24.96 |
| − Vacancy | −$18.7k | −$6.46 |
| EGI | $53.6k | $18.50 |
| − OpEx | −$13.4k | −$4.62 |
| NOI | $40.2k | $13.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fridley
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2382
- Latitude
- 45.0863
