Single-Level Office
For Sale
$1,750,000
4200 W County Road 42, Savage, MN 55378
Two-user configuration includes a leased suite and a separately entered office suite available for lease.
Property Size8,976 SF
Price / SF$194.96
Days on Market104
Property Features for 4200 W County Road 42
General Information
Standard status
Active
Size
8,976 SF
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$48,288
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
RE/MAX Advantage Plus
(763) 755-1100
Listed By:
Jeremy Feldmann · License #62417
(406) 314-3333
Source:
Exprealty
Added: Jul 7
Changed: Oct 15
Last Checked: Oct 16 at 12:30PM
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 RE/MAX Advantage Plus
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Investment Insights
Based on property information with market context.
This 8,976-square-foot, single-level office building in Savage, Minnesota, is configured for two users. One suite is occupied by an eye clinic under a newly extended 5-year lease term. The second suite is available for lease and includes 7 windowed offices, 2 conference rooms, a bullpen area, and a private entrance.
The property occupies just over an acre at 4200 W County Road 42 and includes ample parking. Its professional office layout supports continued multi-suite use, with separate access for the available space.
The property occupies just over an acre at 4200 W County Road 42 and includes ample parking. Its professional office layout supports continued multi-suite use, with separate access for the available space.
Key Highlights
- 8, 976 SF single‑level office building
- Two‑user configuration with separate suites
- Eye clinic suite extended for another 5 year lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,752
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,375,040
$2.4M
Cap Rate 7%
$1,696,457
$1.7M
Cap Rate 9%
$1,319,467
$1.3M
Market Conditions
NOI Build-Up for 8,976 SF
Gross rent
$226.2K $25.20/SF
− Vacancy
−$28.3K −$3.15/SF
EGI
$197.9K $22.05/SF
− OpEx
−$79.2K −$8.82/SF
NOI
$118.8K $13.23/SF
Area
Scott County, MN
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,375,040
Cap Rate 7%
$1,696,457
Cap Rate 9%
$1,319,467
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.48M – $1.98M
NOI $118,752 @ 7.0% cap · market cap 6.79%
Second Best
Office B
$1.59M
$1.39M – $1.86M
NOI $111,341 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,904 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-user configuration includes a leased suite and a separately entered office suite available for lease.
Where is this office building located?
The property is located at 4200 W County Road 42 Savage, MN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8, 976 SF single‑level office building; Two‑user configuration with separate suites; Eye clinic suite extended for another 5 year lease term
