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Property profile & analytics
OFF-MARKET Estimated value $3,020,000
Office buildings

1811 Old Hwy 8th NW New Brighton, MN 55112-1828

31,488 SF 2.08 ac lot Built 1994
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-1102092
Property summary
AI-generated overview

This exceptional 30,000 square foot flex space property, located at 1811 Old Highway 8 Northwest in Saint Paul, Minnesota, presents a compelling owner-user opportunity. Situated on a 2.077-acre lot in Ramsey County (zip code 55112), this mixed-use regional (MUR) zoned property offers a blend of office, production, and small warehouse space, ideal for a variety of businesses. Built in 1994, the building features a well-maintained interior and ample parking with 100 spaces. Its convenient location directly off I-35W at Highway 96 and Old Highway 8 NW provides excellent access and visibility. The property is well-suited for medical technology, in-house device manufacturing, or biotech companies. The current tenant's lease expires March 31, 2025, presenting a prime opportunity for an owner-occupier or a savvy investor. The building boasts masonry construction and is located in Flood Zone X. Asking price is $4,250,000. This is a rare chance to acquire a versatile and strategically located property in a thriving area between Minneapolis and Saint Paul.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 31,488 SF
Lot 2.08 ac (90,431 SF)
Zoning code D
APN 21-30-23-22-0016
UPID US46-1102092
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
$3.41M
Blend (final) Blend
$3.02M
Owner & transaction history
Empi Corp · 19 yrs held
Empi Corp
since 2006
5 recorded transactions
2019
Price N/A
2006
$500
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D · New Brighton, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.6M +45.5%
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