Cambridge Office Building For
1994 E Rum River Dr S Cambridge, MN
For Sale
Contact for pricing
Office building in park-like setting with new NNN lease.
Property Size3,500 SF
Lot Size1.18 Acres
Price / SF$167.14
Days on Market324
Property Features for 1994 E Rum River Dr S
General Information
Standard status
Active
Size
3,500 SF
Lot size
1.18 Acres
Property subtype
OFFICE
Listing Agency:
Wakota Commercial Advisors
(612) 490-5551
Listed By:
Jeff Houge
(612) 490-5551
Source:
Moodyscre
Added: Sep 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:41AM
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 Wakota Commercial Advisors
Investment Insights
Based on property information with market context.
Located south of downtown Cambridge, this property is situated in a quiet, park-like setting. The property is currently tenant-occupied. A new 5-year, NNN lease between the current tenant and owner is planned to be executed at closing. The property has a size of 3500 square feet.
Key Highlights
- New 5‑year NNN lease to be executed at closing
- Investment property with existing tenant
- Located south of downtown Cambridge
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 | $76.9k | $21.96 |
| − Vacancy | −$21.4k | −$6.13 |
| EGI | $55.4k | $15.83 |
| − OpEx | −$13.9k | −$3.96 |
| NOI | $41.6k | $11.87 |
3,500 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.0K
$730.7K – $974.2K
NOI $58,452 @ 7.0% cap · market cap 9.99%
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 - Office building in park-like setting with new NNN lease.
Where is this office building located?
The property is located at 1994 E Rum River Dr S Cambridge, MN.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: New 5‑year NNN lease to be executed at closing; Investment property with existing tenant; Located south of downtown Cambridge
