Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    25 Lk St N Ste, Unit 215 Forest Lake, MN 55025-2537
    Back to Search
    Property profile & analytics

    25 Lk St N Ste, Unit 215, Forest Lake, MN 55025-2537

    View on Map
    • Office Spaces
    • 1,276 SF
    Off-Market
    Property ID
    US46-0921640
    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 Spaces

    Property Details for 25 Lk St N Ste

    Year built
    2004
    Property type
    Office Spaces
    APN
    08-032-21-12-0161
    APU
    803221120161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2019 — Holme Properties Forest Lake L — Grant Deed · related $1.1M · First St Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Lake
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9846
    Latitude
    45.2795
    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
    $4,776
    $25,000
    $139,200
    $164,200
    -
    $25,000
    $139,200
    $164,200

    Comparable in this City

    • Value Estimation by Request
      573 SF

      20 Lk St N Ste 301a

      CONDOMINIUM OFFICES
      20 Lk St N Ste 301a, Forest Lake, MN 55025-2512
      View Details
    • Value Estimation by Request
      282 SF

      25 Lk St N Ste 125a

      CONDOMINIUM OFFICES
      25 Lk St N Ste 125a, Forest Lake, MN 55025-2536
      View Details
    • Value Estimation by Request
      1,095 SF

      20 Lk St N Ste, Unit 103

      CONDOMINIUM OFFICES
      20 Lk St N Ste, Forest Lake, MN 55025-2510
      View Details
    • Value Estimation by Request
      616 SF

      20 Lk St N Ste 105d

      CONDOMINIUM OFFICES
      20 Lk St N Ste 105d, Forest Lake, MN 55025-2523
      View Details
    • Value Estimation by Request
      2,194 SF

      80 3rd NW St

      CONDOMINIUM OFFICES
      80 3rd NW St, Forest Lake, MN 55025-1114
      View Details
    • Value Estimation by Request
      869 SF

      25 Lk St N Ste, Unit 130

      CONDOMINIUM OFFICES
      25 Lk St N Ste, Forest Lake, MN 55025-2536
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,464 SF

      Main Level Corner Unit

      Versatile 1,464 SF unit ideal for office, retail, or medical.
      255 Highway Dr, Forest Lake, MN 55025
      View Details
    • $125,000
      0.16 Acres

      Land in Downtown Forest Lake

      Land with visibility and access, suitable for office or retail.
      134 Lake St N, Forest Lake, MN 55025
      View Details
    • $120,000

      Profitable Auto Shop Business

      Profitable muffler business for sale with consistent revenue.
      1031 Lake St South, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      500,000 SF

      Columbus Land Parcel For Rent

      Columbus, MN land parcel with utilities and highway visibility.
      14751 Hornsby St NE, Columbus, MN 55025
      View Details
    • Contact for pricing

      Available Greenfield Land Opportunity

      Up to 123 acres of shovel-ready land for sale.
      Headwaters Pkwy, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      12,480 SF

      Broadway Business Center Retail Space

      Multitenant retail center in the Broadway Business district.
      555 W Broadway Ave, Forest Lake, MN 55025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Warehouse with Office Space

      New warehouse with office, easy I-35 access, Columbus, MN
      13654 W Freeway Dr, Columbus, MN 55025
      View Details
    • Contact for pricing

      Renovated Office/Warehouse Space Available

      Office/warehouse space with immediate highway access and renovated offices.
      13733 Lake Dr NE, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      850 SF

      Downtown Forest Lake Office Space

      Office space in downtown Forest Lake with off-street parking.
      20 Lake St N, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      550 SF

      Forest Lake Office Space Available

      550 SF office space with private parking and signage.
      31 SW 7 Ave, Forest Lake, MN 55025
      View Details
    • Contact for pricing

      Retail Space in Forest Lake

      Retail spaces available in Forest Lake, new construction and existing.
      119 12 St NW, Forest Lake, MN 55025
      View Details
    • Contact for pricing
      10,641 SF

      Remodeled Retail Space Available

      Recently remodeled retail space with high traffic location.
      1500 Lake St S, Forest Lake, MN 55025
      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.
    25 Lk St N Ste, Unit 215
    Forest Lake, MN 55025-2537
    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

    Thank You for Inquiry
    25 Lk St N Ste, Forest Lake, MN, 55025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!