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

    2489 Rice St Roseville, MN

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

    Office space for rent with easy freeway access.

    Property size:
    297 SF
    Lot size:
    3.48 Acres

    Property Features for 2489 Rice St

    General Information

    Size
    297 SF
    Lot size
    3.48 Acres

    We can help!

    Listing Contact
    Barbara A Ankrum
    Source: Moodyscre

    Listing Agency: Ankrum Commercial Real Estate, LLC Listing Agent: Barbara A Ankrum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space in Roseville

    This office space is located in Oakwood Square, a locally owned and managed building with full-time maintenance and office staff. The building and grounds are meticulously maintained, and assistance is readily available. The property offers convenient access to the freeway system and public transportation. Amenities include abundant, free parking, a conference room, a break room with vending machines, handicap accessibility, signage on Rice Street, and an electronically controlled exterior locking system and digital security monitoring system. High-speed cable, WiFi, and other options are available. Flexible terms and rates are offered. The property contains 636 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Roseville
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1566107
    Latitude
    45.0060767

    Nearby Similar for Lease

    • New
      Contact for pricing

      Roseville - Bonestroo

      Discover many ways to work your way in Roseville - Bonestroo
      2355 Highway 36, Roseville, MN 55113
      View Details
    • Contact for pricing

      Office/Business Space For Lease

      Office/business space for lease with easy highway access.
      1965-1981 County Road C2, Roseville, MN 55113
      View Details
    • $9 SF/Yr
      4,000 SF

      Roseville Office Space for Lease

      Multi-tenant office building near Rosedale Center with suites available.
      1935 W County Rd, Roseville, MN
      View Details
    • Contact for pricing
      20,314 SF

      Distribution Warehouse Near I-35W

      Bulk distribution warehouse with ESFR and rail service access.
      2500 Walnut St, Roseville, MN 55113
      View Details
    • Contact for pricing
      200,000 SF

      Twin Lakes Technology Center Opportunity

      Roseville flex, industrial, and warehouse space available for lease.
      Twin Lakes Pkwy, Roseville, MN 55113
      View Details
    • $13 SF/Yr
      30,150 SF

      Functional Warehouse Space in Roseville

      Warehouse space with convenient highway access near Minneapolis and St. Paul.
      2421 Rosegate, Roseville, MN 55113
      View Details
    • $11 SF/Yr
      3,200 SF

      Roseville Industrial/Retail Space Available

      3,200 sq ft multi-tenant space with drive-in doors.
      2500 Cleveland Ave N, Roseville, MN
      View Details
    • Contact for pricing

      Industrial Office/Warehouse for Lease

      Industrial office/warehouse with access to I-35W and retail.
      1952 W Fl 1, Roseville, MN 55113
      View Details
    • Contact for pricing
      2,275 SF

      Office/Retail Space in Roseville

      Available office/retail space with great freeway access and ample parking.
      2075-2085 Rice St, Roseville, MN
      View Details
    • Contact for pricing
      23,766 SF

      High-End Office Space Sublease

      Move-in ready office space with flexible terms available.
      2665 Long Lk Rd, Roseville, MN
      View Details
    • Contact for pricing
      877 SF

      Main Floor Office Space Available

      Office space with flexible build out and convenient location.
      2345 Rice St, Roseville, MN
      View Details
    • Contact for pricing
      5,131 SF

      Modern Office Building in Roseville

      Centrally located office spaces with flexible lease terms available.
      2277 Hwy 36 W, Roseville, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with easy freeway access.
    Where is this office units located?
    The property is located at 2489 Rice St Roseville, MN.
    What are key features of this property?
    This property features: - Locally owned and managed with full-time maintenance and office staff for responsive service.; - Convenient location with easy access to freeway system and public transportation.; - Abundant, free parking.
    (651) 482-9668 Call to check price and availability
    Request Owner's contact information
    2489 Rice St Roseville, MN
    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.
    2489 Rice St
    Roseville, MN
    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
    2489 Rice St Roseville, MN
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barbara A Ankrum
    (651) 482-9668
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!