4113 E Lake St, Minneapolis, MN 55406
Office space available for purchase.
- Added:
- Jan 6, 2023
- Days on Market:
- 1251
- Last Refresh:
- May 19 at 9:16 pm
Property Features for 4113 E Lake St
General Information
- Standard status
- Active
- Size
- 12,968 SF
- Property subtype
- Office
Listing agent James Yacoub License #MN
Listing office NorthStar Real Estate Associates
Listing date Jan 6, 2023
Source Crexi
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 NorthStar Real Estate Associates
HighLights
- Office space for sale
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 | $284.8k | $21.96 |
| − Vacancy | −$79.5k | −$6.13 |
| EGI | $205.3k | $15.83 |
| − OpEx | −$51.3k | −$3.96 |
| NOI | $154.0k | $11.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2132393
- Latitude
- 44.9480759
