Corner Office
6897 139th Lane NW Suite 103, Ramsey, MN 55303
For Sale
Contact for pricing
A glass-lined layout includes private offices, a conference room, and a break area.
Property Size3,056 SF
Price / SF$175.07
Days on Market12
Property Features for 6897 139th Lane NW Suite 103
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Condition
Property Use
Amenities
gas fireplace
exterior building and pylon signage
Building Details
Year Built
Listing Agency:
Premier Commercial Properties
Listed By:
Rich Lee · License #MN 20397467
(612) 718-9919
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
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 Premier Commercial Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,056-square-foot office condo in Ramsey was built in 2005. The corner unit has glazing along three sides, a reception area with a gas fireplace, six private offices, a conference room, and a break room.
The property is on the Hwy 10 commercial corridor and has exterior building signage and a pylon sign.
The property is on the Hwy 10 commercial corridor and has exterior building signage and a pylon sign.
Key Highlights
- 3,056 SF corner office condo
- Six private offices, a conference room, and a break room
- Glass on three sides and a reception area with a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,391
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,820
$847.8K
Cap Rate 7%
$605,586
$605.6K
Cap Rate 9%
$471,011
$471.0K
Market Conditions
NOI Build-Up for 3,056 SF
Gross rent
$76.3K $24.96/SF
− Vacancy
−$19.8K −$6.46/SF
EGI
$56.5K $18.50/SF
− OpEx
−$14.1K −$4.62/SF
NOI
$42.4K $13.87/SF
Area
Anoka County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$847,820
Cap Rate 7%
$605,586
Cap Rate 9%
$471,011
Alternative Uses
Best Use
Office B
$605.6K
$529.9K – $706.5K
NOI $42,391 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.9K
$742.8K – $990.3K
NOI $59,420 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 55303, MN
51,480
Population
20,317
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
96%
High-School Grad
64.4 sq mi
ZIP Area
799
Density / Sq Mi
$101,351
Median Household Income
$54,788
Median Earnings
$1,348
Median Rent
$338,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A glass-lined layout includes private offices, a conference room, and a break area.
Where is this office unit located?
The property is located at 6897 139th Lane NW Suite 103 Ramsey, MN.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,056 SF corner office condo; Six private offices, a conference room, and a break room; Glass on three sides and a reception area with a gas fireplace
