Two-Tenant Industrial
10003-10043 Baltimore NE St, Blaine, MN 55449
For Sale
New
Contact for pricing
The facility is fully occupied, with space leased to two tenants.
Property Size25,500 SF
Price / SF$117.65
Days on Market6
Property Features for 10003-10043 Baltimore NE St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
Colliers
(952) 897-7700
Listed By:
Matt Delisle
(952) 837-3029
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 3:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial building contains 25,500 square feet and is occupied by two tenants. Its multi-tenant configuration provides a defined industrial asset with current occupancy across the building.
The property is located at 10003-10043 Baltimore NE St in Blaine, Minnesota.
The property is located at 10003-10043 Baltimore NE St in Blaine, Minnesota.
Key Highlights
- 25,500‑square‑foot industrial building
- Fully occupied by two tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$266,765
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,335,300
$5.3M
Cap Rate 7%
$3,810,929
$3.8M
Cap Rate 9%
$2,964,056
$3.0M
Market Conditions
NOI Build-Up for 25,500 SF
Gross rent
$397.8K $15.60/SF
− Vacancy
−$16.7K −$0.66/SF
EGI
$381.1K $14.94/SF
− OpEx
−$114.3K −$4.48/SF
NOI
$266.8K $10.46/SF
Area
ZIP 55449
Vacancy
4.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,335,300
Cap Rate 7%
$3,810,929
Cap Rate 9%
$2,964,056
Alternative Uses
Best Use
Industrial
$3.81M
$3.33M – $4.45M
NOI $266,765 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,707 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 55449, MN
33,321
Population
11,824
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
21.4 sq mi
ZIP Area
1,557
Density / Sq Mi
$128,750
Median Household Income
$61,714
Median Earnings
$1,723
Median Rent
$422,600
Median Home Value
Market
Properties on Market for Industrial properties in Anoka County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The facility is fully occupied, with space leased to two tenants.
Where is this industrial property located?
The property is located at 10003-10043 Baltimore NE St Blaine, MN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 25,500‑square‑foot industrial building; Fully occupied by two tenants
