Office Space with Car
140 1st Avenue W Cambridge, MN 55008
140 1st Avenue W, Cambridge, MN, 55008
$750,000
For Sale
$750,000
Versatile office space includes an attached four-car garage/workshop for secure on-site parking or workspace.
Property Size4,704 SF
Price / SF$159.44
Days on Market161
Property Features for 140 1st Avenue W
General Information
- Standard status
- Active
- Size
- 4,704 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing agency
Turpen Realty, Inc.
(763) 300-9183
Listed by
Brody Bakken
(763) 300-9183
Source
Juverealestate
Added: Feb 11 Updated: Jul 22 at 8:54AM Checked: Jul 22 at 8:54AM
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 Turpen Realty, Inc.
Investment Insights
Based on property information with market context.
This property features versatile office space designed to support day-to-day business operations, along with a four-car attached garage/workshop. The attached garage/workshop provides secure, on-site space that can serve either parking needs or workshop operations, allowing the office and work area to function together in one building.
The property is listed for sale. The combination of office space and attached garage/workshop creates a practical layout for businesses looking to keep operational and parking needs on-site.
The seller indicates flexibility regarding structure of the deal, with options discussed including sale, rental, or seller financing.
The property is listed for sale. The combination of office space and attached garage/workshop creates a practical layout for businesses looking to keep operational and parking needs on-site.
The seller indicates flexibility regarding structure of the deal, with options discussed including sale, rental, or seller financing.
Key Highlights
- Office space built in 1966
- Includes an attached four‑car garage/workshop
- Attached garage/workshop offers secure on‑site parking or workspace
Local Financial Insights For Flex RnD
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 | $103.3k | $21.96 |
| − Vacancy | −$5.2k | −$1.10 |
| EGI | $98.1k | $20.86 |
| − OpEx | −$34.3k | −$7.30 |
| NOI | $63.8k | $13.56 |
4,704 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$911.3K
$797.4K – $1.06M
NOI $63,788 @ 7.0% cap · market cap 8.51%
Second Best
Office B
$798.0K
$698.2K – $931.0K
NOI $55,859 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.12M
$982.0K – $1.31M
NOI $78,559 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Leader — 133-135 Main St S, Cambridge, MN 55008
- LeFebvre's Catering — 129 2nd Ave SW, Cambridge, MN 55008
FAQs
What type of property is this?
Flex space - Versatile office space includes an attached four-car garage/workshop for secure on-site parking or workspace.
Where is this flex space located?
The property is located at 140 1st Avenue W Cambridge, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Office space built in 1966; Includes an attached four‑car garage/workshop; Attached garage/workshop offers secure on‑site parking or workspace
