Modern Flex Office
1011 Tompkins Dr NE Byron, MN 55920
1011 Tompkins Dr NE, Byron, MN, 55920
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For Sale
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Built in 2006, this flex office building includes multiple private offices, modern HVAC/electrical, and canopy space.
Property Size6,095 SF
Lot Size1.88 Acres
Price / SF$295.32
Days on Market682
Property Features for 1011 Tompkins Dr NE
General Information
- Standard status
- Active
- Size
- 6,095 SF
- Lot size
- 1.88 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
Realty Growth Incorporated
(507) 951-1977
Listed by
Robert Bucky Beeman · License #MN 40149580
Source
Crexi
Added: Sep 9, 2024 Updated: Jul 20 at 6:16PM Checked: Jul 22 at 10:30AM
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 Realty Growth Incorporated
Investment Insights
Based on property information with market context.
Built in 2006, this modern flex office building offers a flexible layout suitable for office, retail, medical, or warehouse-style use. The property includes multiple private offices, modern HVAC and electrical systems, and is described as move-in ready. In addition to office space, there is canopy space totaling 2,014 square feet.
The building sits on a 1.88-acre lot with ample parking, and it is located just minutes from Rochester with access to nearby highways. It is also positioned near Byron Middle School and City Hall.
This property is available for sale and is also listed for lease, providing options for businesses looking to establish or expand in the Byron area.
The building sits on a 1.88-acre lot with ample parking, and it is located just minutes from Rochester with access to nearby highways. It is also positioned near Byron Middle School and City Hall.
This property is available for sale and is also listed for lease, providing options for businesses looking to establish or expand in the Byron area.
Key Highlights
- Commercial building built in 2006, offering over 6,095 SF of office space plus 2,014 SF of canopy space
- 1.88‑acre lot with ample on‑site parking
- Flexible layout suitable for offices, retail, medical, or warehouse use
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $25.20 |
| − Vacancy | −$18.4k | −$3.02 |
| EGI | $135.2k | $22.18 |
| − OpEx | −$54.1k | −$8.87 |
| NOI | $81.1k | $13.31 |
6,095 SF · lease $25.20/SF/yr · vacancy 12.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.16M
$1.01M – $1.35M
NOI $81,098 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$1.09M
$950.1K – $1.27M
NOI $76,011 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,547 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
First Alliance Credit ...
Credit Union
First Alliance Credit ...
Atm
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FAQs
What type of property is this?
Office building - Built in 2006, this flex office building includes multiple private offices, modern HVAC/electrical, and canopy space.
Where is this office building located?
The property is located at 1011 Tompkins Dr NE Byron, MN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercial building built in 2006, offering over 6,095 SF of office space plus 2,014 SF of canopy space; 1.88‑acre lot with ample on‑site parking; Flexible layout suitable for offices, retail, medical, or warehouse use
