8993 33rd St N, Lake Elmo, MN 55042
Office unit with 1,000 SqFt available for purchase.
- Added:
- Feb 28, 2026
- Days on Market:
- 119
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 8993 33rd St N
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing office RE/MAX Results (651) 248-6091
Listing date Feb 28, 2026
Source Crexi
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HighLights
- Office space available, perfect for your business needs.
- 1,000 SqFt provides ample workspace.
- Built in 2005, indicating relatively modern construction.
- Property is suitable for commercial use.
- Ready for immediate occupancy.
- Well‑maintained building.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $24.96 |
| − Vacancy | −$6.5k | −$6.46 |
| EGI | $18.5k | $18.50 |
| − OpEx | −$4.6k | −$4.62 |
| NOI | $13.9k | $13.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Elmo
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9241756
- Latitude
- 44.9958914
