5501 5501 Excelsior Blvd, St Louis Park, MN
Two-story office building with basement in St. Louis Park.
- Added:
- Apr 22, 2025
- Days on Market:
- 419
- Last Refresh:
- May 19 at 8:38 pm
Property Features for 5501 5501 Excelsior Blvd
General Information
- Standard status
- Active
- Size
- 11,088 SF
- Lot size
- 0.34 Acres
- Property subtype
- OFFICE
Listing agent Michael Salmen (612) 359-1660
Listing office Transwestern (612) 359-1660
Listing date Apr 22, 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 Transwestern
HighLights
- Total building size of 11,088 SF across three levels.
- Substantial land area of 25,446 SF (.59 Acres).
- Ample parking with a ratio of 4.06/1,000 SF.
- Flexible zoning designation of C1 & RC.
- Large floor plates of 3,696 SF on each level.
- Building with a mix of vintage (1956) and updated (2001) construction.
Overview
Local 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 | $231.5k | $20.88 |
| − Vacancy | −$46.8k | −$4.22 |
| EGI | $184.8k | $16.66 |
| − OpEx | −$46.2k | −$4.17 |
| NOI | $138.6k | $12.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- St Louis Park
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.3488
- Latitude
- 44.93
