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    1970 Oakcrest Ave Roseville, MN 55113
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    Property profile & analytics

    1970 Oakcrest Ave Roseville, MN 55113

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    • Office buildings
    • 63,056 SF
    • 2.42 lot acres
    For Lease
    $2,490,000
    View Listing →
    Roseville Office Space Available For Lease
    $2,490,000
    3,912 SF

    Roseville Office Space Available

    Office space available for rent in Roseville, Minnesota.

    1970 Oakcrest Ave, Roseville, MN 55113
    View Listing
    Property ID
    US46-0543273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1970 Oakcrest Ave

    Year built
    1985
    Lot size
    2.42 lot acres
    Property size
    63,056 SF
    Zone code
    N
    Property type
    Office buildings
    APN
    09-29-23-22-0015
    APU
    92923220015

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,269,000
      Market price range: $1.11M - $6.05M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roseville
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.183
    Latitude
    45.0174
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $179,894
    $1,265,200
    $3,317,700
    $4,582,900
    -
    $1,265,200
    $3,317,700
    $4,582,900

    Comparable in this City

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      $1,950,000
      15,742 SF

      2660 Civic Ctr Dr

      OFFICE BUILDING • 15,742 SF
      2660 Civic Ctr Dr, Roseville, MN 55113-1815
      View Details
    • Value Estimation
      $2,035,000
      22,134 SF

      2803 Lincoln Dr

      OFFICE BUILDING • 22,134 SF
      2803 Lincoln Dr, Roseville, MN 55113-1332
      View Details
    • Value Estimation
      $1,265,000
      12,624 SF

      3065 Ctr Pointe Dr

      OFFICE BUILDING • 12,624 SF
      3065 Ctr Pointe Dr, Roseville, MN 55113-1104
      View Details
    • Value Estimation
      $19,220,000
      240,931 SF

      2700 Snelling N Ave

      OFFICE BUILDING (MULTI-STORY) • 240,931 SF
      2700 Snelling N Ave, Roseville, MN 55113-1719
      View Details
    • Value Estimation
      $7,095,000
      2,726 SF

      2940 Snelling N Ave

      OFFICE BUILDING • 2,726 SF
      2940 Snelling N Ave, Roseville, MN 55113-1413
      View Details
    • Value Estimation by Request
      2,000 SF

      2585 Hamline Ave N Ste B

      OFFICE BUILDING • 2,000 SF
      2585 Hamline Ave N Ste B, Roseville, MN 55113-3144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,654 SF

      Roseville Office Building For Rent

      17,193 SF office building in a vibrant commercial corridor.
      2690 Snelling Ave N, Roseville, MN 55113
      View Details
    • $1,700,000
      15,000 SF

      Roseville Office Building For Sale

      15,000 SF office building in a central Roseville location.
      2015 Rice St, Roseville, MN 55113
      View Details
    • Contact for pricing
      150,000 SF

      Spacious Office Building with Expansion

      150,000 SF office building with expansion space available for rent.
      2700 Snelling Ave N, Saint Paul, MN 55113
      View Details
    • Contact for pricing
      57,518 SF

      Roseville Office Plaza For Sale

      Well-maintained office building with high-quality tenants in a strategic location.
      1711 W County Road B, Roseville, MN 55113
      View Details
    • Contact for pricing
      0.27 Acres

      Turn-Key Space in Roseville, MN

      865 SF turn-key suite ideal for personal and professional services.
      1961 Rice St, Roseville, MN 55113
      View Details
    • Contact for pricing
      58,000 SF

      Rosewood Office Plaza: Value-Add Opportunity

      Prime Roseville Office Complex, 58,000 SF
      1711 County B Rd, Roseville, MN 55113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Roseville Multi-Tenant Office Building

      Centrally located office building with customizable suites for rent.
      1935 W County Road B2, Saint Paul, MN 55113
      View Details
    • Contact for pricing
      6,900 SF

      Freestanding Office/Retail Building For Rent

      High visibility office/retail space near Highway 36 and Rosedale Center.
      2730 Snelling Ave N, Roseville, MN 55113
      View Details
    • Contact for pricing
      2,693 SF

      Modern Office Building in Roseville

      Centrally located office spaces with flexible lease terms available.
      2277 Highway 36 W, Roseville, MN 55113
      View Details
    • $9 SF/Yr
      4,000 SF

      Roseville Office Space for Lease

      Multi-tenant office building near Rosedale Center with suites available.
      1935 W County Road B2, Roseville, MN 55113
      View Details
    • Contact for pricing

      Roseville Office Space for Lease

      Office spaces available from 646 sf to 6200+ sf.
      1611 County B Rd W, Roseville, MN 55113
      View Details
    • Contact for pricing

      Falcon Heights Retail Center Space

      Retail center in Falcon Heights near Rosedale and HarMar malls.
      1533-1559 West Larpenteur Ave, Falcon Heights, MN 55113
      View Details
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    Roseville, MN 55113
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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