Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5851 Duluth St Golden Valley, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Turnkey medical office space available for rent.

    Type:OFFICE
    Property size:
    638 SF
    Lot size:
    4.39 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    282
    Last Refresh:
    Mar 30 at 10:30 pm

    Property Features for 5851 Duluth St

    General Information

    Standard status
    Active
    Size
    638 SF
    Lot size
    4.39 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5851 Duluth St Contact us

    We can help!

    Listing Contact
    Mark Leutem

    Listing agent Mark Leutem

    Listing office Leutem Commercial Real Estate LLC

    Listing date Jun 24, 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 Leutem Commercial Real Estate LLC

    Overview

    Furnished Medical Office Space

    This 638 square foot office space is available for rent and is suitable for medical or counseling practices. The space is fully furnished and move-in ready. It features a plug-and-play setup, making it easy to start operating immediately. The suite includes two exam or treatment rooms, as well as an office with a glass wall that offers a wooded view of the creek. A handwashing sink is located within the suite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Golden Valley
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3544
    Latitude
    44.9988

    Nearby Similar for Lease

    • $36/mo

      Restaurant Space with Patio

      Restaurant space available with prominent frontage and outdoor patio.
      7802-7814 Olson Memorial Hwy, Golden Valley, MN
      View Details
    • $17/mo

      Golden Valley Office Space Available

      Office space for lease with convenient highway access and amenities.
      7500 Olson Memorial Hwy, Golden Valley, MN
      View Details
    • $15/mo

      Office Space with Skyline Views

      Office spaces with amenities and convenient highway access available for lease.
      4150 Olson Memorial Hwy, Golden Valley, MN
      View Details
    • $6/mo

      Centrally Located Flex/Office Space

      Flex and office space with great access and indoor parking.
      4200 Dahlberg Dr, Golden Valley, MN
      View Details
    • Contact for pricing

      Golden Valley Retail Landmark

      Retail space in a revitalized Golden Valley shopping center.
      7860-8040 Olson Memorial Hwy, Golden Valley, MN
      View Details
    • $9/mo

      Golden Valley Office Space Available

      Office space available for lease in Golden Valley, Minnesota.
      8085 Wayzata Blvd, Golden Valley, MN
      View Details
    • $8/mo

      Industrial Building Under Construction

      Industrial building for lease at Golden Valley Business Center.
      651 Douglas Dr N, Golden Valley, MN
      View Details
    • $32/mo

      Upscale Retail Center on Hwy 55

      Upscale retail center with excellent visibility and strong regional retailers.
      7702-7746 Olsen Memorial Hwy, Golden Valley, MN
      View Details
    • $11/mo

      Golden Valley Warehouse End Cap

      22,440 SF end cap vacancy with docks.
      8325-8459 10th Ave N, Golden Valley, MN
      View Details
    • Contact for pricing

      Golden Valley Warehouse Space Available

      37,832 SF warehouse with highway access in Golden Valley.
      6325 Sandburg Rd, Golden Valley, MN
      View Details
    • Contact for pricing

      Golden Valley Retail Landmark

      Retail space in a revitalized Golden Valley shopping center.
      509-525 Winnetka Ave N, Golden Valley, MN
      View Details
    • Contact for pricing

      Turnkey Salon Space Available

      Fully equipped salon with modern stations and private treatment rooms.
      663-693 Winnetka Ave N, Golden Valley, MN
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Turnkey medical office space available for rent.
    Where is this medical office space located?
    The property is located at 5851 Duluth St Golden Valley, MN.
    What are key features of this property?
    This property features: Fully furnished, plug & play clinic ready for immediate use.; Ideal for acupuncture, medical, or counseling practices.; Includes 2 exam/treatment rooms.
    (763) 234-8128
    We can help!
    Listing Contact
    Mark Leutem
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!