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    Refrigerated Truck Terminal in Fridley Title is generated by Realmo AI

    8201 Hickory Street NE, Fridley, MN 55432

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    For Sale
    $9,990,000

    Commercial - Fridley, MN

    Property size:
    32,178 SF
    Lot size:
    5.99 Acres
    Price / SF:
    $310/SF
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 5:06 pm

    Property Features for 8201 Hickory Street NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Carport, Garage, Garage - Attached, Parking Lot, Paved or Surfaced
    Exterior features
    Aluminum Siding, Brick/Stone, Metal
    Appliances
    Cooktop, Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    033024140009
    Size
    32,178 SF
    Lot size
    5.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    88912

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1991
    Flooring type
    Concrete, Drainage
    Building materials
    Block, Concrete, Frame, Stone
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Slava Daskalyuk

    Listing agent Slava Daskalyuk

    Listing office Counselor Realty, Inc 3200 NW Main Street Suite 365, Coon Rapids, MN

    Listing date May 22, 2026

    MLS# 7079280 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 100% Occupied Investment Opportunity with NNN Leases providing immediate income from 3 tenants.
    • Fully Refrigerated 32,178 SF Cross‑Dock Truck Terminal suitable for modern logistics.
    • Strategic Location in Fridley's Industrial Corridor with immediate access to Interstate 694 and proximity to Minneapolis‑St. Paul International Airport.
    • Extensive Loading Capabilities: 32 loading docks and 1 drive‑in door, all docks equipped with bumpers, levelers, and seals.
    • Significant Recent Capital Improvements including remodeled office spaces, added parking, and tenant improvements.
    • Zoned M‑3 Heavy Industrial on 5.99 Acres, offering excellent functionality for transportation, distribution, and cross‑dock operations with trailer storage.

    Overview

    Located in Fridley's industrial corridor, this cross-dock refrigerated warehouse is a fully equipped truck terminal. The property is approximately 30 minutes from Minneapolis–St. Paul International Airport and has connectivity to Interstate 694. Constructed between 1991–1995, with a remodel and high-bay addition completed in 1999, the facility has been improved to support logistics and refrigerated operations. The building totals 32,178 square feet, including 3,870 square feet of office space, 14,880 square feet of low-bay cooler area, and 13,428 square feet of high-bay warehouse space. Situated on 5.99 acres (260,924 square feet) and zoned M-3 Heavy Industrial, the property is suitable for transportation, distribution, and cross-dock users. It features 32 loading docks, 1 drive-in door, bumpers, levelers, and seals on all docks. Clear heights are 13 feet 6 inches (low bay) and 24 feet 6 inches (high bay). Trailer storage is available on site. Recent capital improvements include a full remodel of first-floor office spaces, an updated kitchen, two bathrooms, an additional restroom, 10–12 semi-truck parking stalls, 20 small vehicle parking spaces, a full office and private restroom for tenants, and a freshly painted exterior office building. The property is located within an established industrial park and near hotels, restaurants, and retail amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2726231
    Latitude
    45.1175446

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    FAQs

    What type of property is this?
    Truck terminal - Fully occupied, cross-dock refrigerated warehouse on 5.99 acres for sale.
    Where is this truck terminal located?
    The property is located at 8201 Hickory Street NE Fridley, MN.
    What is the asking price?
    The asking price for this property is $9,990,000.
    What are key features of this property?
    This property features: 100% Occupied Investment Opportunity with NNN Leases providing immediate income from 3 tenants.; Fully Refrigerated 32,178 SF Cross‑Dock Truck Terminal suitable for modern logistics.; Strategic Location in Fridley's Industrial Corridor with immediate access to Interstate 694 and proximity to Minneapolis‑St. Paul International Airport.
    (763) 427-8850
    We can help!
    Listing Contact
    Slava Daskalyuk
    Request Owner's contact information
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    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.

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