Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown St. Cloud Office Space Title is generated by Realmo AI

    619 W St Germain St, MN

    Claim this Listing
    For Lease
    Contact for pricing

    Office space for lease in downtown St. Cloud.

    Type:OFFICE
    Property size:
    6,368 SF
    Lot size:
    0.32 Acres
    Added:
    Feb 16, 2024
    Days on Market:
    826
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 619 W St Germain St

    General Information

    Standard status
    Active
    Size
    6,368 SF
    Lot size
    0.32 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 619 W St Germain St Contact us

    We can help!

    Listing Contact
    Wendy Hendricks
    Wendy Hendricks

    Listing agent Wendy Hendricks License #40438191

    Listing office Agency North Real Estate

    Listing date Feb 16, 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 Agency North Real Estate

    HighLights

    • Located in the heart of downtown St Cloud's vibrant business community.
    • Two unit options available: 1678 SF main floor and 6368 SF upper level.
    • Base rent of $14.00/SF plus $5.00/SF NNN.
    • Located in Radio City Music Mall.
    • 1678 SF unit has windows facing W. St. Germain Street.
    • Downtown office space available for lease.

    Overview

    Office space is available for lease in Radio City Music Mall, located in downtown St. Cloud's business community. Two options are available: a 1678-square-foot main floor unit with windows facing W. St. Germain Street, and a 6368-square-foot upper-level unit. The base rent for each unit is $14.00 per square foot, plus $5.00 per square foot NNN.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Nearby Similar for Lease

    • $11 SF/Yr
      4,344 SF

      Historic Office Space in St. Cloud

      Renovated office space in historic downtown St. Cloud available for lease.
      501 W St Germain St, St Cloud, MN
      View Details
    • $13 SF/Yr
      4,817 SF

      St. Germain Office Plaza Suite

      First-floor office suite with functional layout and natural light.
      3717 23rd St S, St Cloud, MN
      View Details
    • $19 SF/Yr
      14,731 SF

      St Paul Office Space Available

      Office spaces for lease near Highway 280 and I-94.
      2446 University Ave W, St Paul, MN
      View Details
    • $20 SF/Yr
      1,421 SF

      Charming Historic Retail Space

      Remodeled retail space in Lowertown St. Paul with modern amenities.
      201-209 4th St E, St Paul, MN
      View Details
    • $18 SF/Yr
      2,362 SF

      St Paul Office Space Available

      Office space for rent with parking, amenities, and transit access.
      2550 University Ave W, St Paul, MN
      View Details
    • $18 SF/Yr
      5,500 SF

      Lowertown St. Paul Office Space

      Six-story, 146,600 SF building with flexible suites available for rent.
      287 6th St E, St Paul, MN
      View Details
    • $10 SF/Yr
      2,634 SF

      Historic Office Building with Parking

      Renovated office spaces in St. Paul's vibrant commercial corridor.
      165 N Western Ave, St Paul, MN
      View Details
    • $13 SF/Yr
      980 SF

      St. Cloud Professional Office Space

      Professional office building in St. Cloud with flexible layouts.
      600 S 25th Ave, St Cloud, MN
      View Details
    • $18 SF/Yr
      1,400 SF

      Turn-Key Office Spaces For Lease

      Move-in ready office spaces in downtown St. Cloud.
      916 W St Germain St, St Cloud, MN
      View Details
    • $21 SF/Yr
      3,846 SF

      St Paul Office Space Available

      Office space with easy access to transportation and amenities.
      450 N Syndicate St, St Paul, MN
      View Details
    • $16 SF/Yr
      2,166 SF

      Corner Office Space Available

      Office space with high visibility and shared parking.
      3700 W Division St, St Cloud, MN
      View Details
    • $48 SF/Yr
      1,685 SF

      Retail Space with Street Exposure

      Retail suite featuring hardwood floors, fireplace, and street exposure.
      2232-2238 Como Ave, St Paul, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in downtown St. Cloud.
    Where is this office units located?
    The property is located at 619 W St Germain St MN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of downtown St Cloud's vibrant business community.; Two unit options available: **1678 SF main floor** and 6368 SF upper level.; Base rent of $14.00/SF plus $5.00/SF NNN.
    (320) 293-6379 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wendy Hendricks
    Wendy Hendricks
    Real Estate License ID: 40438191
    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
    619 W St Germain St, St Cloud, 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!