Mendota Heights Office Space For
2255-2263 Waters Dr Mendota Heights, MN
2255-2263 Waters Dr, Mendota Heights, MN, 00000
Contact for pricing
For Sale
Contact for pricing
Office space for sale with easy highway access and signage.
Property Size3,060 SF
Lot Size4.73 Acres
Price / SF$143.79
Days on Market651
Property Features for 2255-2263 Waters Dr
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Lot size
- 4.73 Acres
- Property subtype
- OFFICE
Listing agency
Crossroads Properties
(651) 248-7567
Listed by
Zac Houle
(651) 248-7567
Source
Moodyscre
Added: Oct 9, 2024 Updated: Jul 10 at 11:37AM Checked: Jul 21 at 4:25AM
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 Crossroads Properties
Investment Insights
Based on property information with market context.
This 3,060 square-foot office space is located in Mendota Heights, MN. The property is 100% occupied and features a garden-level walk-out. On-building signage is available. The space offers direct entry and provides easy access to I-494 and Highway 62.
Key Highlights
- 100% Occupied
- Easy access to I‑494 & Highway 62
- Garden Level Walk Out
Local 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 | $68.3k | $22.32 |
| − Vacancy | −$17.7k | −$5.78 |
| EGI | $50.6k | $16.54 |
| − OpEx | −$12.7k | −$4.13 |
| NOI | $38.0k | $12.40 |
3,060 SF · lease $22.32/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$542.2K
$474.5K – $632.6K
NOI $37,957 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$753.0K
$658.9K – $878.5K
NOI $52,712 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office space for sale with easy highway access and signage.
Where is this office units located?
The property is located at 2255-2263 Waters Dr Mendota Heights, MN.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 100% Occupied; Easy access to I‑494 & Highway 62; Garden Level Walk Out
