470 Highway 96Shoreview, MN 55126

  • Office properties
  • 11,066 SF
For Lease
$13.95/SF/YR View listing

Property Details for 470 Highway 96

Year built
1996
Construction
WOOD FRAME
Lot size
1.10 AC
Property size (Sq ft)
11,066 SF
Zone code
B
Property type
Office properties
APN
24-30-23-21-0044
APU
243023210044

Description

Harbor Place Office Village, located at 470 Hwy 96 W in Shoreview, Minnesota 55126, offers flexible office space ideal for a variety of businesses. This Class C property features multiple tenancies, with two spaces currently available, ranging from 669 to 1,141 square feet. The building is suitable for executive offices, medical practices, and creative businesses, reflecting its diverse subtype offerings. The minimum divisible space is 669 square feet, providing an excellent option for smaller businesses or those seeking efficient layouts. While the total building square footage is not currently specified, the available units offer a practical and adaptable workspace in a convenient Shoreview location. The address provides easy access to Highway 96 West, ensuring convenient commutes for employees and clients. This property presents a compelling opportunity for businesses seeking a well-situated and versatile office environment in a thriving Minnesota community. Interested parties should inquire for further details regarding lease terms and specific unit availability. The property's diverse suitability makes it an attractive option for a range of professional needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,034,541
    6.5%
    $1,878,038
    7%
    $1,743,893
  • Comparable approach

    Method
    Valuation
    Relative Method
    $564,809
    Geo Method
    $564,809
  • Alternative Use

    Use
    Valuation
    Residential
    $2,328,768
    Hospitality
    $2,133,138
    Educational
    $1,774,746
    Medical
    $1,835,782
    Retail
    $2,760,716
470 Highway 96, Shoreview, Minnesota

Location Insight

City
Shoreview
County
Ramsey
State
Minnesota
Latitude
45.0786
Longitude
-93.121
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
$37,856
$574,600
$751,900
$1,326,500
-
$574,600
$751,900
$1,326,500

FAQs

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