6026 Blue Circle Dr, Minnetonka, MN
Office building with drive-in door in a desirable location.
- Added:
- Jun 19, 2024
- Days on Market:
- 726
- Last Refresh:
- May 19 at 9:27 pm
Property Features for 6026 Blue Circle Dr
General Information
- Standard status
- Active
- Size
- 8,040 SF
- Lot size
- 0.18 Acres
- Property subtype
- OFFICE
Listing agent Reed Christianson (612) 359-1610
Listing office Transwestern (612) 359-1610
Listing date Jun 19, 2024
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
- Rare owner/user opportunity.
- Desirable, highly sought after location.
- Rare office building with drive‑in door.
- Only 3 minutes to US‑169.
- Just 5 minutes to MN‑62.
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 | $176.6k | $21.96 |
| − Vacancy | −$49.3k | −$6.13 |
| EGI | $127.3k | $15.83 |
| − OpEx | −$31.8k | −$3.96 |
| NOI | $95.5k | $11.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minnetonka
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.4064
- Latitude
- 44.8952
