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    5821 Cedar Lake Rd St. Louis Park, MN 55416

    Sponsored
    For Lease
    $35 SF/Yr

    St. Louis Park Office Space Available

    Lot size:
    280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Sunset Ridge Business Center offers three executive office suites ranging from 80 to 100 square feet each, ideally situated at 5821 Cedar Lake Road, Unit H, in St. Louis Park, Minnesota. This convenient location places the property directly behind Home Depot and Costco, ensuring high visibility and easy access for clients and employees. Each suite is designed as an individual professional office, providing privacy and a professional atmosphere. The building features a shared common entry for all tenants, enhancing security and creating a sense of community. Modern, updated decor throughout the building contributes to a welcoming and productive work environment. Multiple bathrooms are available for tenant use, ensuring convenience and comfort. Tenants also benefit from access to a shared conference room, perfect for meetings and presentations, and a shared cafeteria, providing a comfortable space for breaks and informal gatherings. Further enhancing the tenant experience is the provision of Culligan filtered water, ensuring access to clean and refreshing drinking water. The property is perfect for small businesses or individual professionals seeking a professional and well-maintained workspace in a prime location. The total building square footage is not currently available. Interested parties are encouraged to inquire for further details and availability.

    Property Features for 5821 Cedar Lake Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    280 SF

    Unit(s) available at that property

    Space
    1st Floor Exterior Windows
    Size
    100 SF
    Rate per SF
    $60
    Space
    1st Floor Interior
    Size
    80 SF
    Rate per SF
    $35
    Space
    1st flr Corner w/windows
    Size
    100 SF
    Rate per SF
    $840

    HighLights

    • Executive office suites available in St. Louis Park.
    • Three individual office spaces ranging from 80 to 100 square feet.
    • Convenient location near Home Depot and Costco on Cedar Lake Road.
    • Shared amenities include a conference room, cafeteria, and multiple bathrooms.
    • Modern decor and Culligan water filtration system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Body Mind Connection Massage Therapist Resume Specialists Resume Service dr. margaret flaget-greener Mental Health Clinic MidWest Center for Personal ... Mental Health Clinic Just Professional Massage Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Louis Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.35437419
    Latitude
    44.96501267

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    FAQs

    What type of property is this?
    Office Property / Space - St. Louis Park Office Space Available
    Where is this office property / space located?
    The property is located at 5821 Cedar Lake Rd St. Louis Park, MN.
    What is the lease rate?
    The lease rate is $35-$840 SF/Yr.
    What are key features of this property?
    This property features: Executive office suites available in St. Louis Park.; Three individual office spaces ranging from 80 to 100 square feet.; Convenient location near Home Depot and Costco on Cedar Lake Road.
    Request Owner's contact information
    5821 Cedar Lake Rd St. Louis Park, MN 55416
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    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.

    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
    5821 Cedar Lake Rd St. Louis Park, MN 55416
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