Private Warehouse
102-430 N Old Crystal Bay Rd, Orono, MN 55356
For Sale
$285,000
Pending
Four unit configurations offer customizable space for vehicle storage, workshops, or appointment-based business use.
Property Size960 SF
Days on Market10
Property Features for 102-430 N Old Crystal Bay Rd
General Information
Standard status
Size
Warehouse & Industrial
Power
Sprinkler System
Listing Agency:
Edina Realty, Inc.
(952) 920-1960
Listed By:
Stephanie Spading
(952) 454-0786
Source:
Exprealty
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 10 at 2:15PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
These private warehouse units are designed for vehicle and equipment storage, with flexibility for workshop, lounge, or appointment-only business use. Four configurations range from 20 x 40 to 31 x 46, and as many as three units can be combined. Features include epoxy flooring, gas-fired radiant floor heat, 14-foot overhead doors, 150-amp electrical service, floor drains with hose bibbs, and ceiling heights up to 26 feet. Units also include insulated walls, LED lighting, metal-lined ceilings, fire suppression sprinklers, high-speed fiber internet, and plumbing rough-ins for a bathroom and shower.
The property is in a gated community with private access codes, one mile from Lake Minnetonka and five minutes from downtown Wayzata. The listed property size is 960 square feet.
The property is in a gated community with private access codes, one mile from Lake Minnetonka and five minutes from downtown Wayzata. The listed property size is 960 square feet.
Key Highlights
- Four configurations, from 20 x 40 to 31 x 46; up to three units can be combined
- Ceiling heights reach 26 feet, with plumbing rough‑ins for a bathroom and shower
- 14‑foot overhead doors with windows and 150‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,664
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,280
$253.3K
Cap Rate 7%
$180,914
$180.9K
Cap Rate 9%
$140,711
$140.7K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$15.6K $16.20/SF
− Vacancy
−$653 −$0.68/SF
EGI
$14.9K $15.52/SF
− OpEx
−$2.2K −$2.33/SF
NOI
$12.7K $13.19/SF
Area
Hennepin 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%
$253,280
Cap Rate 7%
$180,914
Cap Rate 9%
$140,711
Alternative Uses
Best Use
Warehouse
$180.9K
$158.3K – $211.1K
NOI $12,664 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$149.0K
$130.4K – $173.8K
NOI $10,429 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$229.0K
$200.4K – $267.2K
NOI $16,033 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55356, MN
5,790
Population
2,312
Households
2.5
Avg Household Size
45
Median Age
64%
College-Educated
98%
High-School Grad
13.1 sq mi
ZIP Area
442
Density / Sq Mi
$171,333
Median Household Income
$90,433
Median Earnings
$1,732
Median Rent
$712,800
Median Home Value
Market
Properties on Market for Warehouses in Hennepin County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Metro Self Storage - Orono — 2725 Wayzata Blvd, Orono, MN 55356
- Tonka Self Storage — 2340 Daniels St, Long Lake, MN 55356
- Safeway Mini-Storage — 2420 W Industrial Blvd, Long Lake, MN 55356
- Long Lake Area Self Storage — 2420 W Industrial Blvd, Long Lake, MN 55356
- River Valley Marine Service of Lake Minnetonka - Long Lake — 505 Tamarack Ave, Long Lake, MN 55356
Frequently Asked Questions
What type of property is this?
Warehouse - Four unit configurations offer customizable space for vehicle storage, workshops, or appointment-based business use.
Where is this warehouse located?
The property is located at 102-430 N Old Crystal Bay Rd Orono, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four configurations, from 20 x 40 to 31 x 46; up to three units can be combined; Ceiling heights reach 26 feet, with plumbing rough‑ins for a bathroom and shower; 14‑foot overhead doors with windows and 150‑amp electrical service
