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    2885 Country Dr Little Canada, MN 55117

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    For Lease
    Contact for pricing

    Office and flex spaces available for rent.

    Type:Office, Industrial
    Property size:
    3,105 SF
    Added:
    Jul 10, 2020
    Days on Market:
    2109
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2885 Country Dr

    General Information

    Standard status
    Active
    Size
    3,105 SF
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 2885 Country Dr Contact us

    Suite 130 $12 /Mo

    Size
    1,650 SF
    Type
    Office
    1,560 square feet availablen3 private officenPrivate restroomsnFreeway visibility
    Contact us

    Floor 1 Suite 110 $12 /Mo

    Size
    1,000 SF
    Type
    Office
    1,000 SF nOpen floor plannPrivate restroomsnFreeway visibility
    Contact us

    We can help!

    Listing Contact
    Mike Brass

    Listing agent Mike Brass License #MN 40630577

    Listing office Titus Commercial Real Estate

    Listing date Jul 10, 2020

    Source Crexi

    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 Titus Commercial Real Estate

    Overview

    Office and Flex Space Available

    This property offers office and flex spaces available for rent. There are currently two spaces available, ranging in size from 1,000 to 3,105 square feet. The property is located in Little Canada, Minnesota.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Canada
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.091149
    Latitude
    45.0275412

    Nearby Similar for Lease

    • $13/mo

      Corner Office Space with Glass

      Office space with great access to highways and many amenities.
      2935 Country Dr, Little Canada, MN
      View Details
    • $12/mo

      Retail Space in Senior Housing

      Retail space available in Little Canada senior housing complex.
      2800 Rice St, Little Canada, MN
      View Details
    • $12/mo

      Office Suite with Freeway Visibility

      Office suite featuring private offices, restrooms, and freeway visibility.
      2885 Country Dr, Little Canada, MN
      View Details
    • Contact for pricing

      Little Canada Office/Retail Space

      2,001 SF newly constructed office/retail space available for rent.
      125 Little Canada Rd W, Little Canada, MN
      View Details
    • $18/mo

      Professional Office Space Available

      Multi-tenant office building near Hwy 36 and 35E.
      5 County Rd B E, Little Canada, MN
      View Details
    • Contact for pricing

      Retail Space in Senior Housing

      Retail and office spaces available within a senior housing complex.
      2800 Rice St, Little Canada, MN 55113
      View Details
    • Contact for pricing

      Office and Flex Space Available

      Office and flex spaces with highway access and amenities.
      2935 Country Dr, Little Canada, MN 55117
      View Details
    • Contact for pricing

      Office Space For Rent

      960 SF office space available in Little Canada, MN.
      75 W Viking Dr, Little Canada, MN 55117
      View Details

    FAQs

    What type of property is this?
    Office units - Office and flex spaces available for rent.
    Where is this office units located?
    The property is located at 2885 Country Dr Little Canada, MN.
    What are key features of this property?
    This property features: Office space available; Two spaces available, choose the one that fits your needs; Size range from 1,000 SqFt to 3,105 SqFt
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Brass
    Real Estate License ID: MN 40630577
    Learn More
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    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
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