Five-Private Office
New
For Sale
$297,777
7008 E Fish Lake Road, Maple Grove, MN 55311
A built-out workspace includes a kitchenette and resource area, with convenient parking directly outside the entrance.
Property Size1,328 SF
Price / SF$224.23
Days on Market3
Property Features for 7008 E Fish Lake Road
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Commercial
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Amenities
kitchenette/resource area
Building Details
Year Built
2003
Listing Agency:
ROCK SOLID Companies
Listed By:
Ron Touchette · License #NST506091389
(612) 435-7770
Source:
Thehomgroup
Added: Oct 28
Last Checked: Oct 28 at 4:50AM
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 ROCK SOLID Companies
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,328-square-foot office suite, built in 2003, is configured with five private offices and a kitchenette/resource area. The layout provides dedicated enclosed workspaces alongside shared support space.
The property is at 7008 E Fish Lake Road in Maple Grove, Minnesota, with access to I-94 and I-694. Parking is available directly in front of the office, allowing visitors to enter from the adjacent parking area.
The property is at 7008 E Fish Lake Road in Maple Grove, Minnesota, with access to I-94 and I-694. Parking is available directly in front of the office, allowing visitors to enter from the adjacent parking area.
Key Highlights
- 1,328‑square‑foot office suite
- Five private offices
- Kitchenette and resource area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,770
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,400
$315.4K
Cap Rate 7%
$225,286
$225.3K
Cap Rate 9%
$175,222
$175.2K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$29.2K $21.96/SF
− Vacancy
−$8.1K −$6.13/SF
EGI
$21.0K $15.83/SF
− OpEx
−$5.3K −$3.96/SF
NOI
$15.8K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,400
Cap Rate 7%
$225,286
Cap Rate 9%
$175,222
Alternative Uses
Best Use
Office B
$225.3K
$197.1K – $262.8K
NOI $15,770 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.8K
$277.2K – $369.6K
NOI $22,178 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 55311, MN
37,390
Population
14,284
Households
2.6
Avg Household Size
39
Median Age
59%
College-Educated
98%
High-School Grad
16.4 sq mi
ZIP Area
2,280
Density / Sq Mi
$148,122
Median Household Income
$76,960
Median Earnings
$1,894
Median Rent
$466,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A built-out workspace includes a kitchenette and resource area, with convenient parking directly outside the entrance.
Where is this office unit located?
The property is located at 7008 E Fish Lake Road Maple Grove, MN.
What is the asking price?
The asking price for this property is $297,777.
What are key features of this property?
This property features: 1,328‑square‑foot office suite; Five private offices; Kitchenette and resource area
