1450 Energy Park DrSaint Paul, MN 55108

Property Details for 1450 Energy Park Dr

Year built

1982

Lot size

14.17 AC

Property size (Sq ft)

258,562 SF

Zone code

R

Property type

Office buildings

APN

27-29-23-23-0011

APU

272923230011

Description

The Energy Technology Center, a prominent four-story office building (236,000 square feet) in St. Paul's Energy Park, offers multiple executive office suites. Built in 1982 and situated on a 14-acre lot, this building provides convenient access to major freeways (I-94, MN-36, I-35, and MN-280) and is just 10 minutes from downtown. The property features 17 suites, with spaces ranging from 841 to 20,560 contiguous square feet, and currently has 56,520 square feet of vacant space. Amenities include a modern fitness center with showers, ample common area seating, a vending café, scheduled outdoor food vendors, over 850 surface parking stalls (3.6 spaces per 1,000 square feet), two truck-height loading docks, one drive-in door, one large freight elevator, and three passenger elevators. High ceilings (11'-13') and abundant natural light are complemented by attractive landscaping, outdoor patios, and a walking path. High-speed fiber optic internet is available. The building's prime location offers proximity to Rosedale and Har Mar malls, numerous restaurants, and other retail options. Exterior signage opportunities are available for maximum tenant visibility. The building is served by Metro Transit bus line 3B.

• CAP approach

  CAP return

  Valuation

  6%

  $47,537,964

  6.5%

  $43,881,196

  7%

  $40,746,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,197,004

  Geo Method

  $13,197,004

• Alternative Use

  Use

  Valuation

  Residential

  $54,412,684

  Hospitality

  $49,841,724

  Educational

  $41,467,732

  Medical

  $42,893,868

  Retail

  $64,505,360

Location Insight

City

Saint Paul

County

Ramsey

State

Minnesota

Latitude

44.9709

Longitude

-93.162

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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