Office Condo with Three-Sided
2167 Troop Dr, Sartell, MN 56377
For Sale
$210,000
A reception area, open workspace, private office, and restroom provide a defined professional layout.
Property Size1,536 SF
Price / SF$136.72
Days on Market49
Property Features for 2167 Troop Dr
General Information
Standard status
Size
Class
Property subtype
Additional Details
Floor
Building Details
Building Size
Year Built
Listing Agency:
GC Real Estate Partners
Listed By:
Maria Berdan · License MN #40547813
(320) 493-1723
Source:
Svngcre
Added: Sep 26
Changed: Nov 13
Last Checked: Nov 12 at 5:24AM
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 GC Real Estate Partners
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Investment Insights
Based on property information with market context.
This 1,536 SF office condo occupies the main floor and was built in 2004. Its plan includes a reception and lobby area, open workspace, a private office, and a private restroom. Windows on three sides bring daylight into the space, and a direct route connects the office to the parking lot.
The property offers off-street parking in a well-lit lot and is managed by an association. Nearby businesses include CentraCare, Coborn’s, Chateau Waters, and PineCone Vision.
The property offers off-street parking in a well-lit lot and is managed by an association. Nearby businesses include CentraCare, Coborn’s, Chateau Waters, and PineCone Vision.
Key Highlights
- 1,536 SF of main‑floor office space
- Window exposure on three sides
- Reception and lobby, open workspace, private office, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,709
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,180
$354.2K
Cap Rate 7%
$252,986
$253.0K
Cap Rate 9%
$196,767
$196.8K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$24.7K $16.08/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$23.6K $15.37/SF
− OpEx
−$5.9K −$3.84/SF
NOI
$17.7K $11.53/SF
Area
Stearns County, MN
Vacancy
4.40%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,180
Cap Rate 7%
$252,986
Cap Rate 9%
$196,767
Alternative Uses
Best Use
Office B
$253.0K
$221.4K – $295.2K
NOI $17,709 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.3K
$294.3K – $392.4K
NOI $23,542 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 56377, MN
21,013
Population
8,239
Households
2.6
Avg Household Size
36
Median Age
40%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
938
Density / Sq Mi
$82,583
Median Household Income
$49,436
Median Earnings
$1,196
Median Rent
$282,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Stearns County, MN
Properties on Market for Office Units in Stearns County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, open workspace, private office, and restroom provide a defined professional layout.
Where is this office unit located?
The property is located at 2167 Troop Dr Sartell, MN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,536 SF of main‑floor office space; Window exposure on three sides; Reception and lobby, open workspace, private office, and private restroom
