10-Unit Office
3826 W Broadway Avenue, Robbinsdale, MN 55422
For Sale
$500,000
Most suites include sinks and hard-surface flooring, with gross leases across the building.
Property Size2,700 SF
Price / SF$185.19
Days on Market85
Property Features for 3826 W Broadway Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Mitchell Realty LLC
Listed By:
Michael Mitchell
(612) 296-5483
Source:
Driveresultsrealty
Added: Aug 17
Changed: Nov 7
Last Checked: Nov 8 at 3:04PM
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 Mitchell Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,700-square-foot office property contains 10 units and was built in 1924. Most suites have sinks and hard-surface flooring, and the building includes a first-floor shared lobby. Gross leases are in place. Recent improvements include a replacement air-conditioning condenser and Wi-Fi-enabled access controls for the building and individual suites. The property is zoned Business/Commercial.
The building is in historic downtown Robbinsdale, within walking distance of shopping, restaurants, transit and banks. On-site features include off-street parking and an electronic monument sign with changeable messaging. The existing tenant base consists of small neighborhood businesses, including salon-style and medical uses.
The building is in historic downtown Robbinsdale, within walking distance of shopping, restaurants, transit and banks. On-site features include off-street parking and an electronic monument sign with changeable messaging. The existing tenant base consists of small neighborhood businesses, including salon-style and medical uses.
Key Highlights
- 10 office units in 2,700 square feet
- Most suites feature sinks and hard‑surface flooring
- Gross leases across the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,492
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,840
$669.8K
Cap Rate 7%
$478,457
$478.5K
Cap Rate 9%
$372,133
$372.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$60.3K $22.32/SF
− Vacancy
−$15.6K −$5.78/SF
EGI
$44.7K $16.54/SF
− OpEx
−$11.2K −$4.13/SF
NOI
$33.5K $12.40/SF
Area
Hennepin County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,840
Cap Rate 7%
$478,457
Cap Rate 9%
$372,133
Alternative Uses
Best Use
Office B
$478.5K
$418.7K – $558.2K
NOI $33,492 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.2K
$563.6K – $751.5K
NOI $45,091 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 55422, MN
29,290
Population
13,082
Households
2.2
Avg Household Size
40
Median Age
46%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
3,446
Density / Sq Mi
$91,173
Median Household Income
$55,759
Median Earnings
$1,576
Median Rent
$314,200
Median Home Value
Market
Properties on Market for Office buildings in Hennepin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Most suites include sinks and hard-surface flooring, with gross leases across the building.
Where is this office building located?
The property is located at 3826 W Broadway Avenue Robbinsdale, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10 office units in 2,700 square feet; Most suites feature sinks and hard‑surface flooring; Gross leases across the building
