Office Building with Surface
New
For Sale
Contact for pricing
4725 Excelsior Blvd, St Louis Park, MN 55416
Professional office property with on-site parking near shopping, dining, and major regional destinations.
Property Size10,440 SF
Price / SF$143.68
Days on Market4
Property Features for 4725 Excelsior Blvd
General Information
Standard status
Active
Size
10,440 SF
Total Parking Spaces
25
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Kenwood Commercial
(952) 212-0757
Listed By:
Mike Doyle
(612) 242-8820
Source:
Moodyscre
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:16PM
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
This 10,440-square-foot office building at 4725 Excelsior Blvd offers a commercial setting for professional service firms and other office users. An on-site surface lot provides approximately 25 parking spaces, supporting daily operations and visitor access.
The property sits along the Excelsior Boulevard corridor in St. Louis Park, south of I-394. Miracle Mile and Knollwood Mall are nearby, providing access to shops and restaurants. Downtown Minneapolis is 15 minutes away, Saint Paul is 30 minutes away, and MSP International Airport is 21 minutes away.
The property sits along the Excelsior Boulevard corridor in St. Louis Park, south of I-394. Miracle Mile and Knollwood Mall are nearby, providing access to shops and restaurants. Downtown Minneapolis is 15 minutes away, Saint Paul is 30 minutes away, and MSP International Airport is 21 minutes away.
Key Highlights
- 10,440‑square‑foot office building
- Approximately 25 surface parking spaces
- Located on Excelsior Boulevard south of I‑394
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,609,300
$2.6M
Cap Rate 7%
$1,863,786
$1.9M
Cap Rate 9%
$1,449,611
$1.4M
Market Conditions
NOI Build-Up for 10,440 SF
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.
Gross rent
$218.0K $20.88/SF
− Vacancy
−$44.0K −$4.22/SF
EGI
$174.0K $16.66/SF
− OpEx
−$43.5K −$4.17/SF
NOI
$130.5K $12.50/SF
Area
Minneapolis, MN
Vacancy
20.20%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,609,300
Cap Rate 7%
$1,863,786
Cap Rate 9%
$1,449,611
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,465 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,354 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
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
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with on-site parking near shopping, dining, and major regional destinations.
Where is this office building located?
The property is located at 4725 Excelsior Blvd St Louis Park, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,440‑square‑foot office building; Approximately 25 surface parking spaces; Located on Excelsior Boulevard south of I‑394
