Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St Louis Park Office Building Title is generated by Realmo AI

    5020 Minnetonka Blvd, St Louis Park, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building on Minnetonka Boulevard, suitable for medical or office.

    Type:OFFICE
    Property size:
    1,984 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $327/SF
    Added:
    Jul 9, 2025
    Days on Market:
    313
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 5020 Minnetonka Blvd

    General Information

    Standard status
    Active
    Size
    1,984 SF
    Lot size
    0.24 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Aaron Goldstein
    Aaron Goldstein

    Listing agent Aaron Goldstein

    Listing office Gold Group Realty LLC

    Listing date Jul 9, 2025

    Source Moodyscre

    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 Gold Group Realty LLC

    HighLights

    • Highly visible location along Minnetonka Boulevard.
    • Repurposable for general office space or other light medical uses.
    • Includes reception area and waiting room.
    • Blocks East of Hwy 100.
    • Currently used as a dental office.
    • ADA ramp located in front of building.

    Overview

    This property is located on Minnetonka Boulevard and is highly visible. Currently used as a dental office, the 1984-square-foot building could be repurposed for general office space or other light medical uses. The front of the building includes a reception area and waiting room. An ADA ramp is located in front of the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jenny A. Schramm, ... Dental Office Family Dentistry Dental Office Dr. Rita Lyansky, ... Dental Office Schramm Dental Dental Office Dr. Roy Krengel Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • City Cat Clinic & Condos — 4813 Minnetonka Blvd, St Louis Park, MN 55416
    • Caravan Vet — 3521 Webster Ave S, St Louis Park, MN 55416
    • Runquist Steffen DVM — 4813 Minnetonka Blvd, Minneapolis, MN 55416

    Location Insight

    • Map
    • Local Demand
    City
    St Louis Park
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.3437
    Latitude
    44.9488

    Nearby Similar for Sale

    • $800,000
      3,780 SF

      St. Louis Park Retail Building

      3,780 SF retail building in St. Louis Park, MN for sale.
      4617 Excelsior Blvd, St Louis Park, MN
      View Details
    • Contact for pricing

      Retail Space in Dense Area

      Retail space in a high-traffic area with strong sales.
      8332 Hwy 7, St. Louis Park, MN 55416
      View Details
    • $2,000,000
      9,436 SF

      Retail Building For Sale/Lease

      9,436 SF building available for sale or lease.
      7035 Wayzata Blvd, St. Louis Park, MN 55426
      View Details
    • $1,200,000
      5,200 SF

      Excelsior Blvd Retail Opportunity

      Retail property on Excelsior Blvd in St. Louis Park.
      4631 Excelsior Blvd, St Louis Park, MN
      View Details
    • $2,100,000
      11,088 SF

      St. Louis Park Office Building

      Two-story office building with basement in St. Louis Park.
      5501 5501 Excelsior Blvd, St. Louis Park, MN
      View Details
    • Contact for pricing
      23,076 SF

      Industrial Portfolio on Alabama Avenue

      Industrial portfolio available for sale in St Louis Park.
      3978-3990 Alabama Ave S, St Louis Park, MN
      View Details
    • Contact for pricing
      6,249 SF

      St. Louis Park Office Space

      6,250 SF office space in vibrant St. Louis Park.
      4120 Excelsior Blvd, St. Louis Park, MN
      View Details
    • $2,950,000
      15,078 SF

      St. Louis Park Office Building

      High-identity office building with I-394 frontage and on-site parking.
      6311 Wayzata Blvd, St. Louis Park, MN
      View Details
    • Contact for pricing
      94,000 SF

      Retail Redevelopment Opportunity in Minnesota

      9.69 acres available for retail redevelopment in St. Louis Park.
      3700 S Hwy 100, St. Louis Park, MN
      View Details
    • Contact for pricing
      8,114 SF

      Excelsior Blvd Retail Assemblage

      Retail properties for sale on Excelsior Blvd in St. Louis Park.
      4617-4631 Excelsior Blvd, St Louis Park, MN
      View Details
    • $2,576,000
      5,500 SF

      Accessible Warehouse and Office Space

      Warehouse and office suites with dock and drive-in access.
      3260 Gorham Ave, St Louis Park, MN
      View Details
    • Contact for pricing

      Highway 100 Commercial Property

      Commercial property for sale on Highway 100.
      3700 Highway 100, St. Louis Park, MN 55416
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office building on Minnetonka Boulevard, suitable for medical or office.
    Where is this medical office space located?
    The property is located at 5020 Minnetonka Blvd St Louis Park, MN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Highly visible location along Minnetonka Boulevard.; Repurposable for general office space or other light medical uses.; Includes reception area and waiting room.
    (612) 382-4774 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Aaron Goldstein
    Aaron Goldstein
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5020 Minnetonka Blvd , St Louis Park, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!