1991 Frd Pkwy Saint Paul, MN 55116-1923
Property profile & analytics
1991 Frd Pkwy Saint Paul, MN 55116-1923
- Office buildings
- 10,712 SF
- 0.46 lot acres
Property ID
US46-1069281
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.
Location Intelligence
Current Use by Public Records
- Heating and Air Conditioning / HVAC Service / General Contractor
- Joe Overhaug - Coldwell Banker Realty / Real Estate Agency
Property Details for 1991 Frd Pkwy
- Year built
- 1998
- Lot size
- 0.46 lot acres
- Property size
- 10,712 SF
- Property type
- Office buildings
- APN
- 16-28-23-22-0103
- APU
- 162823220103
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,260,000
- 6.5%
- $2,085,000
- 7%
- $1,940,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,804,000
- AI Estimate
- $1,174,000
Market price range: $873k - $1.80MMarket price range: $245k - $1.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,175,000 Current use
- RESTAURANT
- $2,260,000 Change: +93% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,170,000 Change: +85% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,800,000 Change: +53% Conversion: Difficult
- MEDICAL BUILDING
- $1,580,000 Change: +35% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,235,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $1,095,000 Change: -7% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Saint Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.1842
- Latitude
- 44.9182
- 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
$78,324
$400,000
$1,700,400
$2,100,400
-
$400,000
$1,700,400
$2,100,400
