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Property profile & analytics
FOR LEASE
Office buildings
100 Village Center Dr, North Oaks, MN 55127
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-2919631
For Lease
1 / 2
$15 SF/Yr
100 Village Center Dr, North Oaks, MN 55127
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Property summary
AI-generated overview
This two-story, 26,000 square foot executive office building, constructed in 1991, is located at 100 Village Center Drive in North Oaks, Minnesota, Ramsey County, zip code 55127. The property offers multiple tenancy options with a minimum divisible space of 781 square feet and a maximum contiguous space of 7,134 square feet. A total of seven suites are available within the building, with 18,531 square feet currently vacant. Ample parking is provided with 146 spaces (a ratio of 5 per 1,000 square feet). The building boasts updated common areas and lobbies, and second-floor tenants enjoy access to a private patio or deck. Situated on Highway 96, this "prairie-style" building is part of a larger development including retail and restaurant options. The North Oaks Homeowners Association and Tradition Capital Bank are current tenants. This location offers a prestigious address within a highly desirable residential community in the Twin Cities area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
26,736 SF
Lot
3.07 ac (133,599 SF)
APN
13-30-23-43-0033
UPID
US46-2919631
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.64M
Owner & transaction history
Novc LLC
Novc LLC
since 2026
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+34.6%
Warehouse, storage
$3.1M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Oaks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,925,000
Current use
MEDICAL BUILDING
$3,940,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$3,080,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,735,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$97,202
Tax year 2023
Assessed value
$3,480,700
Assessed 2023
Previous assessed
$3,339,500
+4.2% YoY
Effective rate
2.79%
On assessed value
Assessed land
$1,336,000
Assessed improvement
$2,144,700
Land market value
$1,336,000
Improvement market value
$2,144,700
Total market value
$3,480,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Heating
STEAM
Buildings
3
Total area
26,736 SF
Lot
3.07 ac (133,599 SF)
APN
13-30-23-43-0033
UPID
US46-2919631
Jurisdiction
RAMSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
STEAM
Buildings
3
Lot
3.07 ac
Current owner
From public records · entity-resolved
Novc LLC
Entity
Mailing address
1625 ENERGY PARK DR STE #100, SAINT PAUL, MN 55108-2734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
Novc LLC
—
Deed
related
$1,170,000 · Royal Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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