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Property profile & analytics
FOR LEASE
Office buildings
1970 Oakcrest Ave, Roseville, MN 55113
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US46-0543273
For Lease
1 / 2
$2,490,000
1970 Oakcrest Ave, Roseville, MN 55113
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Property summary
AI-generated overview
Roseville Office Plaza, located at 1970 Oakcrest Ave, Roseville, MN 55113, offers exceptional executive office space in a three-story building totaling 48,000 square feet. This 1984-constructed property boasts a striking marble atrium with spacious hallways and abundant natural light provided by ribbon windows. Two suites are currently available, ranging from 2,939 to 3,912 contiguous square feet, with a total of 6,851 square feet currently vacant. The building features updated finishes throughout and is conveniently situated within a 15-minute radius of both downtown areas. Amenities include beautifully landscaped grounds, two fitness centers complete with showers, and a comfortable common area lunchroom lounge equipped with vending machines, cable television, and a modern kitchenette. Ample parking is provided with 235 surface stalls, offering a 5:1,000 square foot ratio. The property is located in Ramsey County and is ideal for businesses seeking a prestigious and well-appointed office environment. The building's multiple tenancy structure offers flexibility for various business needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Total area
63,056 SF
Lot
2.42 ac (105,415 SF)
Zoning code
N
APN
09-29-23-22-0015
UPID
US46-0543273
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
$2.27M
Blend (final)
Blend
$2.49M
Owner & transaction history
Roseville Office Plaza LLC · 17 yrs held
Roseville Office Plaza LLC
since 2008
3 recorded transactions
Zoning & alternative use
N · Roseville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Roseville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roseville 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
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±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
$39 / 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
$179,894
Tax year 2023
Assessed value
$4,582,900
Assessed 2023
Previous assessed
$4,621,700
-0.8% YoY
Effective rate
3.93%
On assessed value
Assessed land
$1,265,200
Assessed improvement
$3,317,700
Land market value
$1,265,200
Improvement market value
$3,317,700
Total market value
$4,582,900
Applied tax rate
623.0000
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 (MULTI-STORY)
Status
For Lease
Year built
1985
Heating
YES
Buildings
3
Total area
63,056 SF
Lot
2.42 ac (105,415 SF)
Zoning code
N
APN
09-29-23-22-0015
UPID
US46-0543273
Jurisdiction
RAMSEY
Zoning & alternative use
N · Roseville, MN
Zoning N · permitted uses
N · Roseville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roseville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
YES
Buildings
3
Lot
2.42 ac
Current owner
From public records · entity-resolved
Roseville Office Plaza LLC
Entity
Mailing address
1625 ENERGY PARK DR, SAINT PAUL, MN 55108-2734
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
Roseville Office Plaza LLC
—
Deed
related
$2,513,000 · Spire Cu
Dec 8, 2008
—
Roseville Office Plaza LLC
Oakcrest Properties INC
Grant Deed
$5,000,000 · Scf Arizona
—
—
Roseville Office Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Merchants Bk
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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