Property profile

1450 Energy Park Dr Saint Paul, MN 55108

FOR LEASE
Office buildings
Property ID
US46-0877715
258,562 SF 14.17 ac lot Built 1982
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

1450 Energy Park Dr Saint Paul, MN 55108
Saint Paul metro Census 30202 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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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

since 2019
4 recorded transactions
2019
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R · Saint Paul, MN
Top alternative use upside
Warehouse, storage $29.8M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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