Office
New
For Sale
$360,905
2633 Jefferson Street #702B, Alexandria, MN 56308
The space carries a Business/Commercial zoning designation.
Property Size2,489 SF
Price / SF$145
Days on Market3
Property Features for 2633 Jefferson Street #702B
General Information
Standard status
Active
Size
2,489 SF
Property subtype
Commercial
Zoning
Business/Commercial
Taxes and HOA fees
Annual Taxes
$11,778
Building Details
Building Size
2,489 SF
Year Built
2008
Units
1
Listing Agency:
Counselor Realty Inc of Alex
Listed By:
Pat Ellingson · License #40490846
(320) 760-2722
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:17PM
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 Counselor Realty Inc of Alex
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit at 2633 Jefferson Street is part of a space being divided by the seller. The 702B portion contains 2,489 square feet and is offered for sale. The building was completed in 2008.
The division leaves unit 702A, which is currently leased to Edward Jones, separate from 702B.
The division leaves unit 702A, which is currently leased to Edward Jones, separate from 702B.
Key Highlights
- 702B comprises 2,489 square feet
- Seller is dividing unit 702 into 702A and 702B
- Unit 702A is currently leased to Edward Jones
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,040
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
$620.8K
Cap Rate 7%
$443,429
$443.4K
Cap Rate 9%
$344,889
$344.9K
Market Conditions
NOI Build-Up for 2,489 SF
Gross rent
$55.9K $22.44/SF
− Vacancy
−$14.5K −$5.81/SF
EGI
$41.4K $16.63/SF
− OpEx
−$10.3K −$4.16/SF
NOI
$31.0K $12.47/SF
Area
Douglas County, MN
Vacancy
25.90%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,800
Cap Rate 7%
$443,429
Cap Rate 9%
$344,889
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,040 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$784.8K
$686.7K – $915.6K
NOI $54,933 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 56308, MN
26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The space carries a Business/Commercial zoning designation.
Where is this office unit located?
The property is located at 2633 Jefferson Street #702B Alexandria, MN.
What is the asking price?
The asking price for this property is $360,905.
What are key features of this property?
This property features: 702B comprises 2,489 square feet; Seller is dividing unit 702 into 702A and 702B; Unit 702A is currently leased to Edward Jones
