Office Space For
4113 E Lake St Minneapolis, MN 55406
For Sale
Contact for pricing
Office space available for purchase.
Property Size12,968 SF
Price / SF$181.22
Days on Market1298
Property Features for 4113 E Lake St
General Information
- Standard status
- Active
- Size
- 12,968 SF
- Property subtype
- Office
Listing Agency:
NorthStar Real Estate Associates
Listed By:
James Yacoub · License #MN
Source:
Crexi
Added: Jan 6, 2023
Changed: Jul 6
Last Checked: Jul 26 at 12:39PM
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 NorthStar Real Estate Associates
Investment Insights
Based on property information with market context.
This commercial real estate property offers office space for sale. The property provides a total size of 12968 square feet.
Key Highlights
- Office space for sale
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 | $284.8k | $21.96 |
| − Vacancy | −$79.5k | −$6.13 |
| EGI | $205.3k | $15.83 |
| − OpEx | −$51.3k | −$3.96 |
| NOI | $154.0k | $11.87 |
12,968 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.92M – $2.57M
NOI $153,993 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,252 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Office space available for purchase.
Where is this office units located?
The property is located at 4113 E Lake St Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Office space for sale
