Listing Agency: Lynskey Real Estate Company Show Phone

Listed By: Mick Lynskey Show Phone

Source: Moodyscre

Added: Apr 7 Changed: Oct 2 Last Checked: Oct 14 at 11:12PM

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Investment Insights

Based on property information with market context.

Office building comprising 25,558 square feet at 8665 Hudson Blvd N in Lake Elmo, Minnesota. The property is positioned for visibility from I-94, providing a recognizable presence along the interstate corridor.

Key Highlights

• 25,558‑square‑foot office building
• Visible from I‑94
• Located at 8665 Hudson Blvd N, Lake Elmo, MN 55042

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$354,528

Cap Rate

5.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,090,560 $7.1M

Cap Rate 7%

$5,064,686 $5.1M

Cap Rate 9%

$3,939,200 $3.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 25,558 SF

Gross rent

$637.9K $24.96/SF

− Vacancy

−$165.2K −$6.46/SF

EGI

$472.7K $18.50/SF

− OpEx

−$118.2K −$4.62/SF

NOI

$354.5K $13.87/SF

Area

Washington 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%

$7,090,560

Cap Rate 7%

$5,064,686

Cap Rate 9%

$3,939,200

Alternative Uses

Best Use

Office B

$5.06M

$4.43M – $5.91M (±1% cap)

NOI $354,528 @ 7.0% cap · market cap 5.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.10M

$6.21M – $8.28M (±1% cap)

NOI $496,946 @ 7.0% cap · market cap 7.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Catering Service Barber Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,089

Businesses Nearby

Explore this area Business Placement

Demographics for 55042, MN

12,044

Population

4,987

Households

2.4

Avg Household Size

42

Median Age

62%

College-Educated

99%

High-School Grad

24.9 sq mi

ZIP Area

484

Density / Sq Mi

$154,779

Median Household Income

$81,406

Median Earnings

$2,204

Median Rent

$594,000

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office property offering direct visibility from I-94 in Lake Elmo.

Where is this office building located?

The property is located at 8665 Hudson Blvd N Lake Elmo, MN.

What is the asking price?

The asking price for this property is $6,299,000.

What are key features of this property?

This property features: 25,558‑square‑foot office building; Visible from I‑94; Located at 8665 Hudson Blvd N, Lake Elmo, MN 55042