Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2716 Upper Afton Rd Maplewood, MN 55119

    • Office Properties & Spaces
    • 9,258 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2716 Upper Afton Rd

    Year built
    1963
    Property size
    9,258 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This single-story, 9,258-square-foot Class B medical office building in Maplewood, Minnesota, offers a prime location with convenient access to I-94 and Century Avenue. The property, built in 1963, features three suites, with a minimum divisible space of 4,000 square feet. One suite includes 3,404 square feet of main level space and an additional 1,736 square feet of basement storage. The building sits on a 0.15-acre lot and provides ample parking with 52 spaces. The zoning is 330 Commercial. The property is situated in the Southeast submarket, near prominent businesses such as 3M Corporate Headquarters & Campus, Merit Chevrolet, St. Paul Harley Davidson, and several schools and recreational facilities. The existing build-out includes multiple rooms, private offices, and a reception area. This is a multi-tenant property ideal for medical practices seeking a well-located and established space. The address is 2716 Upper Afton Rd, St Paul, MN 55119.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Ramsey
    State
    Minnesota
    Longitude
    -92.9855
    Latitude
    44.9414

    Comparable in this City

    • Value Estimation
      $885,000
      9,728 SF

      1790 7th E St

      MEDICAL CLINIC • 9,728 SF
      1790 7th E St, Saint Paul, MN 55119-3419
      View Details
    • Value Estimation
      $550,000
      8,583 SF

      2716 Uppr Afton E Rd

      CONDOMINIUM OFFICES • 8,583 SF
      2716 Uppr Afton E Rd, Maplewood, MN 55119-4780
      View Details
    • Value Estimation by Request
      2,352 SF

      2716 Uppr Afton E Rd

      CONDOMINIUM OFFICES • 2,352 SF
      2716 Uppr Afton E Rd, Maplewood, MN 55119-4780
      View Details
    • Value Estimation by Request
      4,714 SF

      1781 Arlington E Ave

      OFFICE BUILDING • 4,714 SF
      1781 Arlington E Ave, Saint Paul, MN 55119-4200
      View Details
    • Value Estimation by Request
      2,048 SF

      2721 Uppr Afton E Rd

      OFFICE BUILDING • 2,048 SF
      2721 Uppr Afton E Rd, Maplewood, MN 55119-4760
      View Details
    • Value Estimation by Request
      514 SF

      2255 Minnehaha E Ave

      OFFICE BUILDING • 514 SF
      2255 Minnehaha E Ave, Maplewood, MN 55119-3804
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,032 SF

      Maplewood Office/Showroom Space Available

      Office/showroom space with easy access to 94 and Century Ave.
      21 Century Ave S, Maplewood, MN 55119
      View Details
    • $12 SF/Yr
      10,400 SF

      St. Paul Retail Space Available

      10,400 SF Retail/Office, High Traffic Area
      1915 Suburban Ave, Saint Paul, MN 55119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2716 Upper Afton Rd
    Maplewood, MN 55119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!