1,560 SF Warehouse
For Sale
$244,000
1036 South Victory Drive, Mankato, MN 56001
A proposed industrial condominium unit is planned within Victory Drive Business Park Association.
Property Size1,560 SF
Price / SF$156.41
Days on Market8
Property Features for 1036 South Victory Drive
General Information
Standard status
Active
Size
1,560 SF
Property subtype
VacantLand
Building Details
Building Size
1,560 SF
Listing Agency:
Landmark Real Estate
Listed By:
Jon Kietzer
Source:
Commercialcafe
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 28 at 5:07AM
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 Landmark Real Estate
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Investment Insights
Based on property information with market context.
This warehouse offering is a 1,560-square-foot unit planned for construction by Skorr Construction or a builder selected by the buyer. The property is part of Victory Drive Business Park Association and is designated Industrial zoning.
Key Highlights
- Proposed 1,560 SF warehouse unit
- Construction planned by Skorr Construction or a builder of the buyer’s choice
- Part of Victory Drive Business Park Association
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,099
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,980
$222.0K
Cap Rate 7%
$158,557
$158.6K
Cap Rate 9%
$123,322
$123.3K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$13.6K $8.71/SF
− Vacancy
−$530 −$0.34/SF
EGI
$13.1K $8.37/SF
− OpEx
−$2.0K −$1.26/SF
NOI
$11.1K $7.11/SF
Area
Blue Earth County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,980
Cap Rate 7%
$158,557
Cap Rate 9%
$123,322
Alternative Uses
Best Use
Warehouse
$158.6K
$138.7K – $185.0K
NOI $11,099 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.3K
$269.8K – $359.7K
NOI $21,583 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Value Mini-Storage — 1212 S Victory Dr, Mankato, MN 56001
- Store My Stuff Southern Minnesota — 1130 S Victory Dr, Mankato, MN 56001
- Victory Drive Commercial Condos — 1038 S Victory Dr, Mankato, MN 56001
- Mankato Mini Storage — 1653 Stadium Ln, Mankato, MN 56001
- A-1 Storage of Mankato — 1306 Stadium Rd, Mankato, MN 56001
Frequently Asked Questions
What type of property is this?
Warehouse - A proposed industrial condominium unit is planned within Victory Drive Business Park Association.
Where is this warehouse located?
The property is located at 1036 South Victory Drive Mankato, MN.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Proposed 1,560 SF warehouse unit; Construction planned by Skorr Construction or a builder of the buyer’s choice; Part of Victory Drive Business Park Association
