Property profile

500 Vlg Ctr Dr North Oaks, MN 55127

OFF-MARKET
Office buildings
Property ID
US46-0582565
25,889 SF 2.85 ac lot Built 2007
Trust Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located in the desirable North Oaks Village Center, offers 2,158 square feet of versatile space in Suite 200. The property boasts fantastic landscaping and aesthetic appeal, creating a professional and inviting atmosphere. Ample onsite parking is available for tenants and their clients. This location is ideal for a variety of professional uses, including medical offices or service-based businesses. The net rent is $16.50 per square foot, with an estimated operating expense of $11.13 per square foot in 2024. Enjoy convenient access to major highways, including Highway 96, I-35E, I-35W, and I-694, ensuring easy commutes for employees and clients. The North Oaks Village Center offers a wealth of nearby amenities, including Kowalski's Market, Caribou Coffee, Bruegger's Bagels, Panino's, a community center, library, and city hall, providing a convenient and vibrant work environment. Suite 300, an additional 1,809 square feet, is also available. This is a rare opportunity to secure high-quality office space in a thriving community. The property is situated in Ramsey County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Total area 25,889 SF
Lot 2.85 ac (123,972 SF)
APN 13-30-23-43-0025
UPID US46-0582565

Cap rate & NOI

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

Location

500 Vlg Ctr Dr North Oaks, MN 55127-3004
North Oaks metro Census 40601 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
$2.69M
Blend (final) Blend
$2.50M

Owner & transaction history

since 2020
2 recorded transactions
2020
$500
2007
$15,000

Zoning & alternative use

Top alternative use upside
Medical building $3.8M +45.5%

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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