Technical
Financial
Distress signals
Property profile

4133 Iowa St Alexandria, MN 56308

FOR SALE
Warehouses
Property ID
US46-1450563
16,604 SF 3.83 ac lot Built 2008
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 46,473 square foot office building, situated on a generous 3.83-acre lot at 4133 Iowa Street in Alexandria, Minnesota, presents a rare opportunity for discerning investors or businesses seeking premium office space. The property boasts a highly desirable location, just minutes away from the vibrant shopping and business center of west-central Minnesota, ensuring convenient access to a wealth of amenities and a strong workforce pool. The building itself is renowned for its beautiful design and features, offering tenants a workspace of unparalleled quality. Every office within the building enjoys stunning views, a testament to its thoughtful architectural planning. The current tenancy is comprised of fantastic tenants, indicating a strong and stable income stream for potential buyers. This is a truly unique opportunity to acquire one of Alexandria's best-kept secrets in commercial real estate, a property that combines prime location, exceptional aesthetics, and a strong tenant base. The asking price is $4,300,000. This property is ready for immediate occupancy and offers significant potential for long-term growth and profitability. Serious inquiries are encouraged to schedule a viewing and explore the many advantages this exceptional office building has to offer. The property is classified as "Other" in property type.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2008
Total area 16,604 SF
Lot 3.83 ac (166,835 SF)
APN 63-3150-250
UPID US46-1450563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4133 Iowa St Alexandria, MN 56308
Alexandria metro Census 450704 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.99M
Comparable Approach Comparable
$2.60M
Blend (final) Blend
$2.13M

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.4M +45.1%
Restaurant $2.1M +29.2%
Retail stores $1.8M +8.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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