Managed Office
For Sale
Contact for pricing
5851 Cedar Lake Rd, St Louis Park, MN 55416
Flexible configuration supports owner occupancy, partial use, or continued leasing to existing tenants.
Property Size8,909 SF
Price / SF$151.53
Days on Market57
Property Features for 5851 Cedar Lake Rd
General Information
Standard status
Active
Size
8,909 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
eXp Commercial
(612) 554-4773
Listed By:
Scott Naasz · License #40922534
(612) 819-8285
Source:
Moodyscre
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 16 at 8:48AM
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 eXp Commercial
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Investment Insights
Based on property information with market context.
This 8909-square-foot office condo offers a flexible configuration for business use, partial occupancy, or continued leasing to existing tenants. The property can accommodate an owner using the full space, combining business operations with leased area, or retaining the existing tenant arrangement. Professional management oversees the grounds and building systems, supporting a lower-maintenance ownership structure.
The property is located at 5851 Cedar Lake Road in St Louis Park, Minnesota. Its setting provides access to nearby dining and retail, along with Highway 100 and I-394. The office is positioned within a suburban business park environment while remaining connected to major regional routes.
The property is located at 5851 Cedar Lake Road in St Louis Park, Minnesota. Its setting provides access to nearby dining and retail, along with Highway 100 and I-394. The office is positioned within a suburban business park environment while remaining connected to major regional routes.
Key Highlights
- 8909‑square‑foot office condo
- Flexible options for full occupancy, partial owner use, or continued leasing
- Existing tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,333
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,226,660
$2.2M
Cap Rate 7%
$1,590,471
$1.6M
Cap Rate 9%
$1,237,033
$1.2M
Market Conditions
NOI Build-Up for 8,909 SF
Gross rent
$186.0K $20.88/SF
− Vacancy
−$37.6K −$4.22/SF
EGI
$148.4K $16.66/SF
− OpEx
−$37.1K −$4.17/SF
NOI
$111.3K $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 Rate 5%
$2,226,660
Cap Rate 7%
$1,590,471
Cap Rate 9%
$1,237,033
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,333 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,785 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,142
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
Frequently Asked Questions
What type of property is this?
Office units - Flexible configuration supports owner occupancy, partial use, or continued leasing to existing tenants.
Where is this office units located?
The property is located at 5851 Cedar Lake Rd St Louis Park, MN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8909‑square‑foot office condo; Flexible options for full occupancy, partial owner use, or continued leasing; Existing tenants in place
