Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16180 Hastings Ave SE Prior Lake, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Single offices available with shared common areas in Prior Lake.

    Type:OFFICE
    Property size:
    1,020 SF
    Lot size:
    0.16 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    129
    Last Refresh:
    Mar 29 at 10:36 pm

    Property Features for 16180 Hastings Ave SE

    General Information

    Standard status
    Active
    Size
    1,020 SF
    Lot size
    0.16 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 16180 Hastings Ave SE Contact us

    We can help!

    Listing Contact
    Kari Kendall

    Listing agent Kari Kendall

    Listing office Kendall Commercial Advisors

    Listing date Nov 24, 2025

    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 Kendall Commercial Advisors

    Overview

    Single Offices Available For Rent

    This property offers individual office spaces for rent, ranging from one to three single offices. The available offices include access to shared common areas. The property is located in Prior Lake, Minnesota. The total property size is 1020 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Erika Davis Marriage Or Relationship Counselor Janeia Carlson, RE/MAX ... Real Estate Agency Melanie Heu Foster Care Service Christopher Knudsvig Medical School Integrated Spaces Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prior Lake
    County
    Scott
    State
    Minnesota
    Longitude
    -93.4239
    Latitude
    44.7141

    Nearby Similar for Lease

    • $20/mo

      Prior Lake Office Building For Rent

      19,962 SF office building in growing Prior Lake area.
      5505 Cottonwood Ln SE, Prior Lake, MN 55372
      View Details
    • $12/mo

      Retail Space in Prior Lake

      Retail and restaurant spaces available in a popular commercial destination.
      16731 Hwy 13 S, Prior Lake, MN
      View Details
    • Contact for pricing

      Functional Office Suite in Prior Lake

      Professional office space with furnished offices, conference room, and bathroom.
      5500 Cottonwood Ln SE, Prior Lake, MN 55372
      View Details
    • $12/mo

      Prior Lake Flex/Industrial Space

      Flex/industrial space available for lease in Prior Lake, MN.
      17066-17072 Revere Way, Prior Lake, MN
      View Details
    • Contact for pricing

      Downtown Prior Lake Office/Retail Space

      Office/retail space with five private offices in downtown Prior Lake.
      4646 Colorado St SE, Prior Lake, MN
      View Details
    • $40/mo

      Downtown Prior Lake Retail Space

      Retail space for lease in a newly approved apartment building.
      4664 Dakota St SE, Prior Lake, MN
      View Details
    • Contact for pricing

      Retail Storefront on Highway 13

      1,236 SF retail space with high visibility and traffic.
      6880 Boudin St NE, Prior Lake, MN
      View Details
    • Contact for pricing

      New Industrial Space in Prior Lake

      New small bay industrial space available October 1, 2025.
      7616 180th St E, Prior Lake, MN
      View Details
    • Contact for pricing

      Office Building Fully Leased

      Office building currently 100% leased with no availability.
      14033 Commerce Ave NE, Prior Lake, MN
      View Details
    • Contact for pricing

      Retail Space in Prior Lake

      Retail spaces available in a high-traffic shopping center.
      6880 Boudin St NE, Prior Lake, MN 55372
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      1200 SF retail/office space in affluent Prior Lake area.
      15875 Franklin Trail SE, Prior Lake, MN
      View Details
    • Contact for pricing

      Office and Retail Complex

      Office and retail complex in Prior Lake's central business district.
      16731 State Hwy 13, Prior Lake, MN 55372
      View Details

    FAQs

    What type of property is this?
    Office units - Single offices available with shared common areas in Prior Lake.
    Where is this office units located?
    The property is located at 16180 Hastings Ave SE Prior Lake, MN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Single offices available; Multiple offices available, ranging from 1 to 3; Shared common areas
    (952) 220-5024 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kari Kendall
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!