Insulated Warehouse with Overhead
For Sale
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10160 72nd St NE, Otsego, MN 55301
Insulated warehouse with 18-foot clear height, 5-inch drained concrete floors, and an insulated overhead door.
Property Size1,200 SF
Price / SF$236.58
Days on Market260
Property Features for 10160 72nd St NE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Realty Solutions LLC
(763) 682-2400
Listed By:
Sheila Zachman
(763) 244-0600
Source:
Moodyscre
Added: Feb 12
Changed: Oct 25
Last Checked: Oct 28 at 7:46AM
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 Commercial Realty Solutions LLC
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Investment Insights
Based on property information with market context.
This insulated warehouse features steel-lined interior walls and ceilings, along with 5-inch concrete floors with drains. The space is supported by 100 amp electrical service with three-phase power, LED lighting, and a hanging natural gas heater. An insulated 12' x 14' overhead door with windows and a jack-shaft heavy duty opener provides access, along with a steel entry door. Plumbing is stubbed for a bathroom, and exterior lighting along with landscaping are included. High-speed internet is also available.
City water and sewer are provided. The property is maintained through an association that includes trash removal, lawn maintenance, and snow removal.
With an 18' clear height and a compact warehouse footprint, the building is well suited for light storage or small work operations that benefit from insulated interior construction and functional floor drainage.
City water and sewer are provided. The property is maintained through an association that includes trash removal, lawn maintenance, and snow removal.
With an 18' clear height and a compact warehouse footprint, the building is well suited for light storage or small work operations that benefit from insulated interior construction and functional floor drainage.
Key Highlights
- 18' clear height insulated warehouse with steel‑lined interior walls and ceilings
- 5‑inch concrete floors with drains
- 12' x 14' insulated overhead door with windows and jack‑shaft heavy‑duty opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,830
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,600
$316.6K
Cap Rate 7%
$226,143
$226.1K
Cap Rate 9%
$175,889
$175.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$19.4K $16.20/SF
− Vacancy
−$816 −$0.68/SF
EGI
$18.6K $15.52/SF
− OpEx
−$2.8K −$2.33/SF
NOI
$15.8K $13.19/SF
Area
Wright County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,600
Cap Rate 7%
$226,143
Cap Rate 9%
$175,889
Alternative Uses
Best Use
Warehouse
$226.1K
$197.9K – $263.8K
NOI $15,830 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,041 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 55301, MN
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,560
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated warehouse with 18-foot clear height, 5-inch drained concrete floors, and an insulated overhead door.
Where is this warehouse located?
The property is located at 10160 72nd St NE Otsego, MN.
What is the asking price?
The asking price for this property is $283,900.
What are key features of this property?
This property features: 18' clear height insulated warehouse with steel‑lined interior walls and ceilings; 5‑inch concrete floors with drains; 12' x 14' insulated overhead door with windows and jack‑shaft heavy‑duty opener
