Add Listing
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

    6305 Cambridge St St Louis Park, MN 55416-2400

    • Industrial properties
    OFF-MARKET
    Last Sale
    Jul 13, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2770147
    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

    • FedEx Drop Box / Postal Service / Courier Service
    • Auto Mixology / Auto Repair Shop
    • Twin Cities Fountain Services / Construction Company / General Contractor
    • Instrument Control Co LLC / Family Recreation Center
    • Dent Giggle / Auto Repair Shop

    Property Details for 6305 Cambridge St

    Year built
    1977
    Property type
    Industrial properties
    APN
    21-117-21-22-0265
    APU
    2111721220265

    Description

    This multi-tenant Class B industrial warehouse, located in the MN-Southwest submarket at the intersection of Cambridge St and Colorado Ave S., offers 60,414 square feet of space across 72 suites within a single, two-story building constructed in 1977. The property sits on a 1.61-acre lot (70,349 square feet) and is zoned I-G. Available space ranges from a minimum of 283 square feet to a maximum contiguous space of 2,620 square feet, with a current vacancy of 4,700 square feet. The building features a 13-foot ceiling height, providing ample vertical space. Loading options include six dock-high doors and 72 drive-in doors, along with a common outdoor loading dock. Forklift service is available. Individual units offer heated or cold storage options, and unit sizes vary (examples include 250, 500, 1000, and 1800 sq ft). There are common restrooms. Month-to-month leasing is available. Note that there are no elevators on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    St Louis Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3597
    Latitude
    44.9328
    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
    $112,838
    $452,000
    $3,208,000
    $3,660,000
    -
    $452,000
    $3,208,000
    $3,660,000

    Comparable in this City

    • Value Estimation
      $19,490,000
      320,556 SF

      1700 State Hwy 100th S

      INDUSTRIAL (GENERAL) • 320,556 SF
      1700 State Hwy 100th S, Minneapolis, MN 55416
      View Details
    • Value Estimation
      $6,335,000
      840,000 SF

      4301 Hwy 7th 7

      INDUSTRIAL (GENERAL) • 840,000 SF
      4301 Hwy 7th 7, St Louis Park, MN 55416-5817
      View Details
    • Value Estimation by Request
      6,252 SF

      6225 Cambridge St Ste, Unit 56

      INDUSTRIAL (GENERAL) • 6,252 SF
      6225 Cambridge St Ste, Minneapolis, MN 55416-2431
      View Details
    • Value Estimation
      $7,905,000
      698,105 SF

      5051 Hwy 7th 7

      INDUSTRIAL (GENERAL) • 698,105 SF
      5051 Hwy 7th 7, St Louis Park, MN 55416-2256
      View Details
    • Value Estimation
      $31,590,000
      490,464 SF

      5605 Cedar Lk S Rd

      INDUSTRIAL (GENERAL) • 490,464 SF
      5605 Cedar Lk S Rd, St Louis Park, MN 55416-1421
      View Details
    • Value Estimation
      $605,000
      6,960 SF

      6225 Cambridge St, Unit 64

      INDUSTRIAL (GENERAL) • 6,960 SF
      6225 Cambridge St, Minneapolis, MN 55416-2427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,076 SF

      Industrial Portfolio on Alabama Avenue

      Industrial portfolio available for sale in St Louis Park.
      3978-3990 Alabama Ave S, St Louis Park, MN 55416
      View Details
    • Contact for pricing

      Flex/Warehouse Building in St. Louis Park

      Flex/Warehouse building with easy highway access and mixed-use space.
      St Louis Park, MN 55416
      View Details
    • Contact for pricing
      11,088 SF

      St. Louis Park Office Building

      Two-story office building with basement in St. Louis Park.
      5501 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • $649,900
      1,984 SF

      St Louis Park Office Building

      Office building on Minnetonka Boulevard, suitable for medical or office.
      5020 Minnetonka Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      6,249 SF

      St. Louis Park Office Space

      6,250 SF office space in vibrant St. Louis Park.
      4120 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      1.45 Acres

      Saint Louis Park Office Suite

      Private office suite in well-maintained building near Hwy 100.
      6250 Excelsior Blvd, Saint Louis Park, MN 55416
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      West End

      Discover many ways to work your way in West End
      1650 End Blvd, Saint Louis Park, MN 55416
      View Details
    • Contact for pricing
      1,100 SF

      St Louis Park Warehouse Space

      Unfinished warehouse space available for rent in St Louis Park.
      5600 Excelsior Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing

      St Louis Park Warehouse Space

      Warehouse space with flexible loading and highway access.
      4290-4300 Park Glen Rd, St Louis Park, MN 55416
      View Details
    • Contact for pricing

      Creative Office/Lab/Tech Space Available

      7,047 SF flex space with build-out options.
      4200-4250 Park Glen Rd, St Louis Park, MN 55416
      View Details
    • Contact for pricing
      4,957 SF

      Office/Showroom Space Near I-394

      High-image office/showroom space with convenient highway access and flexible layouts.
      4700-4850 Park Glen Rd, St Louis Park, MN 55416
      View Details
    • Contact for pricing

      Excelsior Blvd Flex Space Available

      Office, light industrial, flex, and retail space for rent.
      4415 Excelsior Blvd, St Louis Park, MN 55416
      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.
    6305 Cambridge St
    St Louis Park, MN 55416-2400
    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.
    Sign Up Successful!
    You now have access to more from Realmo!