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    Office buildings

    1450 Energy Park Dr, Saint Paul, MN 55108

    258,562 SF 14.17 ac lot Built 1982
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0877715
    Property summary
    AI-generated overview

    The Energy Technology Center, a prominent four-story office building (236,000 square feet) in St. Paul's Energy Park, offers multiple executive office suites. Built in 1982 and situated on a 14-acre lot, this building provides convenient access to major freeways (I-94, MN-36, I-35, and MN-280) and is just 10 minutes from downtown. The property features 17 suites, with spaces ranging from 841 to 20,560 contiguous square feet, and currently has 56,520 square feet of vacant space. Amenities include a modern fitness center with showers, ample common area seating, a vending café, scheduled outdoor food vendors, over 850 surface parking stalls (3.6 spaces per 1,000 square feet), two truck-height loading docks, one drive-in door, one large freight elevator, and three passenger elevators. High ceilings (11'-13') and abundant natural light are complemented by attractive landscaping, outdoor patios, and a walking path. High-speed fiber optic internet is available. The building's prime location offers proximity to Rosedale and Har Mar malls, numerous restaurants, and other retail options. Exterior signage opportunities are available for maximum tenant visibility. The building is served by Metro Transit bus line 3B.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1982
    Total area 258,562 SF
    Lot 14.17 ac (617,245 SF)
    Zoning code R
    APN 27-29-23-23-0011
    UPID US46-0877715
    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
    $21.07M
    Blend (final) Blend
    $20.15M
    Owner & transaction history
    Technology Ctr Prop LLC · 7 yrs held
    Technology Ctr Prop LLC
    since 2019
    4 recorded transactions
    2019
    2019
    1969
    1969
    Zoning & alternative use
    R · Saint Paul, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $29.8M +5.2%
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    More about this property
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