Multi-Level Office
6308 34th Avenue N, Crystal, MN 55427
For Sale
$349,900
Business/commercial zoning complements a layout with reception space, work areas and private offices.
Property Size1,490 SF
Price / SF$234.83
Days on Market166
Property Features for 6308 34th Avenue N
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Twin Oaks Realty, Inc
(763) 535-1471
Listed By:
John W Anderson
(612) 309-5402
Source:
Driveresultsrealty
Added: May 28
Changed: Nov 7
Last Checked: Nov 8 at 5:56PM
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 Twin Oaks Realty, Inc
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Investment Insights
Based on property information with market context.
This 1,490-square-foot office building has a multi-level layout with a reception and open office area, a private main-floor office, and two half baths. The split-entry rear section provides a work or conference area and a private office downstairs, plus two offices upstairs. A forced-air furnace and water heater have been replaced. The original structure dates to 1959, with an addition and updates completed in the early 1980s.
The property is at 6308 34th Avenue N in Crystal, Minnesota. An off-street parking lot serves the building. Its zoning is Business/Commercial.
The property is at 6308 34th Avenue N in Crystal, Minnesota. An off-street parking lot serves the building. Its zoning is Business/Commercial.
Key Highlights
- 1,490‑square‑foot office building with reception, work or conference space, and private offices
- Two half baths
- Off‑street parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,482
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,640
$369.6K
Cap Rate 7%
$264,029
$264.0K
Cap Rate 9%
$205,356
$205.4K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$33.3K $22.32/SF
− Vacancy
−$8.6K −$5.78/SF
EGI
$24.6K $16.54/SF
− OpEx
−$6.2K −$4.13/SF
NOI
$18.5K $12.40/SF
Area
Hennepin County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,640
Cap Rate 7%
$264,029
Cap Rate 9%
$205,356
Alternative Uses
Best Use
Office B
$264.0K
$231.0K – $308.0K
NOI $18,482 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.5K
$311.1K – $414.7K
NOI $24,884 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 55427, MN
24,353
Population
10,788
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
3,382
Density / Sq Mi
$92,013
Median Household Income
$53,808
Median Earnings
$1,443
Median Rent
$341,700
Median Home Value
Market
Properties on Market for Office buildings in Hennepin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Business/commercial zoning complements a layout with reception space, work areas and private offices.
Where is this office building located?
The property is located at 6308 34th Avenue N Crystal, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,490‑square‑foot office building with reception, work or conference space, and private offices; Two half baths; Off‑street parking lot
