Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2214 5th St Ste, Unit 2 White Bear Lake, MN 55110-3039

    • Office Properties & Spaces
    • 1,118 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2022
    $195,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    8.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US46-0015721
    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.

    Current Use by Public Records

    • Markiewicz Law Office, P.A. / Personal Injury Attorney / Family Law Attorney
    • Healing Within Acupuncture & Wellness Studio / Acupuncture Clinic
    • GEM Health / Health Consultant / Medical Equipment Supplier
    • AGYTHA / Jewelry Designer
    • ab Ellie / Fashion Accessories Store / Bridal Shop

    Property Details for 2214 5th St Ste

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.03 lot acres
    Property size
    1,118 SF
    Zone code
    D
    Property type
    Office Properties & Spaces
    APN
    14-30-22-41-0142
    APU
    143022410142

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $160,000
      ML approach
      $150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $235,000
      6.5%
      $220,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $163,000
      Market price range: $96.6k - $164k
      AI Estimate
      $152,000
      Market price range: $40.9k - $173k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $130,000
      Current use
      AUTO REPAIR, GARAGE
      $225,000
      Change: +74% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $190,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $165,000
      Change: +26% Conversion: Easy
      WAREHOUSE, STORAGE
      $130,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $115,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    White Bear Lake
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0071
    Latitude
    45.0862
    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
    $4,114
    $50,000
    $164,500
    $214,500
    -
    $50,000
    $164,500
    $214,500

    Comparable in this City

    • Value Estimation by Request
      25,200 SF

      1360 Cord Cir

      Industrial properties • 25,200 SF
      1360 Cord Cir, Vadnais Heights, MN 55110
      View Details
    • Value Estimation
      $275,000
      7,000 SF

      4760 White Bear Pkwy

      CONDOMINIUM OFFICES • 7,000 SF
      4760 White Bear Pkwy, White Bear Lake, MN 55110-3392
      View Details
    • Value Estimation
      $235,000
      5,760 SF

      2722 County Rd D E D

      CONDOMINIUM OFFICES • 5,760 SF
      2722 County Rd D E D, White Bear Lake, MN 55110-5624
      View Details
    • Value Estimation
      $255,000
      1,688 SF

      3485 Willow Lk Blvd Ste, Unit 200

      CONDOMINIUM OFFICES • 1,688 SF
      3485 Willow Lk Blvd Ste, Vadnais Heights, MN 55110-5155
      View Details
    • Value Estimation
      $265,000
      1,737 SF

      2226 5th St, Unit 11

      CONDOMINIUM OFFICES • 1,737 SF
      2226 5th St, White Bear Lake, MN 55110-3040
      View Details
    • Value Estimation
      $225,000
      527 SF

      2202 5th St Ste, Unit 21

      CONDOMINIUM OFFICES • 527 SF
      2202 5th St Ste, White Bear Lake, MN 55110-3038
      View Details

    Similar Nearby for Sale

    • $219,900
      0.35 Acres

      Residential Lots in White Bear Lake

      Residential lots available for custom home construction in White Bear Lake.
      1792 Cheri Ct, White Bear Lake, MN 55110
      View Details
    • $185,000
      0.25 Acres

      Prime Lot in White Bear Lake

      Vacant lot near schools, lakes, and downtown White Bear Lake.
      219x 12Th St, Saint Paul, MN 55110
      View Details
    • $1,250,000

      Vadnais Heights Land For Sale

      Highly visible land with permitted industrial and commercial uses.
      963 Berwood Ave, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing
      52,809 SF

      Industrial Property with Expansion Potential

      Industrial property with freeway access and expansion possibilities.
      1275 Willow Lake Blvd, Vadnais Heights, MN 55110
      View Details
    • $219,900
      0.25 Acres

      Residential Lots in White Bear Lake

      Residential lots available for new construction in White Bear Lake.
      1795 Cheri Ct, White Bear Lake, MN 55110
      View Details
    • $219,900
      0.35 Acres

      Residential Lots in White Bear Lake

      Residential lots available for custom home construction in White Bear Lake.
      1794 Cheri Ct, White Bear Lake, MN 55110
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      25,200 SF

      Marine Tech Building: Vadnais Heights

      Industrial Office Space for Lease in NE Metro
      1360 Co Rd, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing
      7,651 SF

      Prime Medical Office Space in White Bear Lake

      7,651 SF Single-Tenant Medical Office
      2214 5Th St, Saint Paul, MN 55110
      View Details
    • $17 SF/Yr
      18,768 SF

      Vadnais Heights Office Space Available

      Office space for lease with great access and amenities.
      3535 Vadnais Center Dr, Vadnais Heights, MN 55110
      View Details
    • $16 SF/Yr
      2,821 SF

      White Bear Lake Office Space

      Office suite with reception, kitchenette, and private offices available.
      3580 Linden Ave, White Bear Lake, MN 55110
      View Details
    • Contact for pricing
      15,000 SF

      Vadnais Heights Office/Tech Space

      15,000 SF office/tech space available for lease.
      1185 Willow Lake Blvd, Vadnais Heights, MN 55110
      View Details
    • Contact for pricing

      White Bear Lake Office Building

      Office building in White Bear Lake, currently 100% leased.
      4771 Bald Eagle Ave, White Bear Lake, MN 55110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2214 5th St Ste, Unit 2
    White Bear Lake, MN 55110-3039
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.