Office

O2 Luxury Tower

o2 luxury tower, minneapolis, MN 55415

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$25.50/SF

Mid

$30.00/SF

High

$34.50/SF

Tier Used

peer_city_transfer

Transferred from peer market san-antonio (similarity: 100%) with 25 comparable listings.

Peer market: san-antonio (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$30.00/SF	—	peer_city_transfer
Utilities	—	2.1¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1705/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	25	—	real-time	san-antonio (100%)

Data sources used

peer_city_transfer

Description

5,500rsf approx total vacant for lease on first floor facing Washington and Portland. The suite is ideal for a restaurant use.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

o2 luxury tower, minneapolis, MN 55415

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Minneapolis office market showed average asking rents near $29.92/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$29.92/SF/yr

Estimated sale value

$114–$148/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 12.1%, asking rent held flat).

View the full Minneapolis Office market report →

Compare it against other office listings for sale in Minneapolis, MN to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence

$25.45/SF-$34.43/SF

Mid: $29.94/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market san-antonio (similarity: 100%) with 25 comparable listings.