Office Investment Opportunity in
13760 Bluestem Court Baxter, MN 56425
For Sale
Contact for pricing
Multi-tenant office building for sale in thriving Baxter location.
Property Size4,500 SF
Price / SF$155.33
Days on Market649
Property Features for 13760 Bluestem Court
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Office, Land
Building Details
Year Built
2006
Listing Agency:
Close-Converse Commercial Properties
(218) 828-3334
Listed By:
Chris Close, CCIM · License #MN 20286846
Source:
Crexi
Added: Oct 17, 2024
Changed: Jul 6
Last Checked: Jul 26 at 3:07PM
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 Close-Converse Commercial Properties
Investment Insights
Based on property information with market context.
Located in the Fairview Office Park along Hwy 210 in Baxter, this multi-tenant office building presents an investment opportunity. The property, which contains 4,500 square feet, currently houses three tenants, with space available for lease or owner occupancy. Situated in a location experiencing growth and economic development, the well-maintained office building offers potential for return on investment. The conservation office park features driveways, parking, and landscaping, with easy access and high traffic counts.
Key Highlights
- Multi‑tenant office building in a thriving location with significant growth.
- Investment opportunity with potential for high return on investment.
- Space available for lease or owner occupancy.
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 | $81.0k | $18.00 |
| − Vacancy | −$13.0k | −$2.88 |
| EGI | $68.0k | $15.12 |
| − OpEx | −$17.0k | −$3.78 |
| NOI | $51.0k | $11.34 |
4,500 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$729.0K
$637.9K – $850.5K
NOI $51,030 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building for sale in thriving Baxter location.
Where is this office building located?
The property is located at 13760 Bluestem Court Baxter, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Multi‑tenant office building in a thriving location with significant growth.; Investment opportunity with potential for high return on investment.; Space available for lease or owner occupancy.
