Property profile

1991 Frd Pkwy Saint Paul, MN 55116

OFF-MARKET
Office buildings
Property ID
US46-1069281
10,712 SF 0.46 ac lot Built 1998
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story, 10,712 square foot Class B office building, constructed in 1998, presents a fantastic opportunity for businesses seeking a prominent location in St. Paul's desirable Highland Park neighborhood. Currently, 5,365 square feet of office space is immediately available for lease, perfect for a single tenant or multiple occupants. The building features ample surface-level parking, a significant advantage in this area. Its strategic location on Ford Parkway, between Cleveland Avenue and Fairview Avenue, provides easy access to major transportation arteries, including Highway 5 and I-35E, ensuring seamless commutes for employees and clients. The available space will be ready for occupancy on August 1st, 2024, with a lease term extending through December 31st, 2026. This property offers a blend of convenience, accessibility, and ample space, making it an ideal choice for companies seeking a well-situated and functional office environment in a thriving St. Paul neighborhood. The building consists of one structure with multiple tenancies. This is a traditional office building offering a great opportunity for a business to establish a strong presence in a highly sought-after location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 10,712 SF
Lot 0.46 ac (19,994 SF)
APN 16-28-23-22-0103
UPID US46-1069281

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Real Estate Agency

Location

1991 Frd Pkwy Saint Paul, MN 55116-1923
Saint Paul metro Census 37500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.09M
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$1.69M

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
$500

Zoning & alternative use

Top alternative use upside
Restaurant $2.3M +92.8%
Auto repair, garage $2.2M +85.1%
Neighborhood: shopping center $1.8M +53.3%

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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