Property profile

2446 University W Ave Saint Paul, MN 55114

OFF-MARKET
Office buildings
Property ID
US46-0730442
46,723 SF 1.6 ac lot Built 1929
Individually Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Saint Paul office property at 2446 University Avenue West offers a variety of flexible spaces ideal for businesses seeking executive or creative office environments. The building totals 46,723 square feet, with multiple tenancy options available. Currently, there are 12,071 contiguous square feet immediately available for lease, perfect for a larger tenant seeking a significant presence. However, the property also accommodates smaller businesses, with a minimum leasable space of 5,712 square feet. This allows for scalability and adaptability to suit various organizational needs and growth trajectories. The building's location in Ramsey County, Minnesota, provides easy access to major transportation routes and amenities, enhancing convenience and accessibility for employees and clients alike. Ample parking is provided on-site, eliminating the common parking challenges associated with urban office spaces. The property is classified as both Executive and Creative Office space, suggesting a modern and adaptable design suitable for a range of professional settings. This prime location in Saint Paul, Minnesota, zip code 55114, presents a unique opportunity for businesses seeking a high-quality, well-located office space. Contact us today to learn more about leasing options and explore the possibilities this property offers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1929
Total area 46,723 SF
Lot 1.6 ac (69,565 SF)
APN 29-29-23-34-0081
UPID US46-0730442

Cap rate & NOI

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

Location

2446 University W Ave Saint Paul, MN 55114-0001
Saint Paul metro Census 33200 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.03M
Blend (final) Blend
$3.88M

Owner & transaction history

since 2006
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2011
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $5.4M +5.2%

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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