Fleet Maintenance Facility For
10511 Hanson Blvd NW Coon Rapids, MN
10511 Hanson Blvd NW, Coon Rapids, MN, 00000
Contact for pricing
For Sale
Contact for pricing
24,218 SF fleet maintenance facility with 1.5 acres storage.
Property Size24,218 SF
Lot Size3.64 Acres
Price / SF$123.87
Days on Market446
Property Features for 10511 Hanson Blvd NW
General Information
- Standard status
- Active
- Size
- 24,218 SF
- Lot size
- 3.64 Acres
- Property subtype
- INDUSTRIAL
Listing agency
CBRE - Minnesota
(952) 924-4624
Listed by
Bryan Van Hoof
(952) 924-4624
Source
Moodyscre
Added: May 2, 2025 Updated: Jul 6 at 9:53AM Checked: Jul 21 at 5:38AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
This 24,218 square foot property is a current fleet maintenance facility. It features 1.50 acres of fenced and paved outdoor storage, accessible through two entrances with automated gates. The shop area includes linear floor drains with a flammable waste trap, a hot water pressure washer, two two-post overhead vehicle lifts, and one in-ground telescopic piston lift. Additional features include exhaust fans, a 3-ton jib crane, compressed air lines throughout the shop with an Ingersoll Rand compressor, and oil dispensing reels. Exterior receptacles are available in half of the yard for block heaters.
Key Highlights
- 1.50 acres of fenced and paved outdoor storage
- Two entrances with automated gate at yard entrance
- Current Fleet Maintenance Facility
Local Financial Insights For Industrial
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 | $392.3k | $16.20 |
| − Vacancy | −$16.5k | −$0.68 |
| EGI | $375.9k | $15.52 |
| − OpEx | −$112.8k | −$4.66 |
| NOI | $263.1k | $10.86 |
24,218 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.89M
$5.15M – $6.87M
NOI $412,030 @ 7.0% cap · market cap 13.73%
Second Best
Warehouse
$4.56M
$3.99M – $5.32M
NOI $319,476 @ 7.0% cap · market cap 10.65%
Theoretical Best
Office A
$6.73M
$5.89M – $7.85M
NOI $470,891 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- BDG Moving, LLC — Coon Rapids, MN 55433
FAQs
What type of property is this?
Warehouse - 24,218 SF fleet maintenance facility with 1.5 acres storage.
Where is this warehouse located?
The property is located at 10511 Hanson Blvd NW Coon Rapids, MN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 1.50 acres of fenced and paved outdoor storage; Two entrances with automated gate at yard entrance; Current Fleet Maintenance Facility
