Flex Space with
1064 S Victory Drive A, Mankato, MN 56001
For Sale
$129,900
An end-unit shop offers climate control, a floor drain, and a roughed-in bathroom.
Property Size960 SF
Price / SF$135.31
Days on Market28
Property Features for 1064 S Victory Drive A
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
True Real Estate
Listed By:
Elizabeth Crandall
(507) 345-8783
Source:
Chrisfritchteam
Added: Oct 14
Changed: Nov 9
Last Checked: Nov 8 at 9:53AM
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 True Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 960-square-foot flex space is configured as an end-unit shop or garage, with a large loft and built-in storage areas. Forced-air heating and air conditioning support year-round use, while an epoxy floor and floor drain serve the work area. A bathroom is roughed in and ready for fixtures.
Key Highlights
- 960 square feet in an end‑unit shop/garage configuration
- Large loft with built‑in storage areas
- Forced‑air heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,114
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,280
$142.3K
Cap Rate 7%
$101,629
$101.6K
Cap Rate 9%
$79,044
$79.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$11.5K $12.00/SF
− Vacancy
−$576 −$0.60/SF
EGI
$10.9K $11.40/SF
− OpEx
−$3.8K −$3.99/SF
NOI
$7.1K $7.41/SF
Area
Blue Earth County, MN
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,280
Cap Rate 7%
$101,629
Cap Rate 9%
$79,044
Alternative Uses
Best Use
Flex RnD
$101.6K
$88.9K – $118.6K
NOI $7,114 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$80.4K
$70.3K – $93.8K
NOI $5,625 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$189.7K
$166.0K – $221.4K
NOI $13,282 @ 7.0% cap · market cap 10.22%
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
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - An end-unit shop offers climate control, a floor drain, and a roughed-in bathroom.
Where is this flex space located?
The property is located at 1064 S Victory Drive A Mankato, MN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 960 square feet in an end‑unit shop/garage configuration; Large loft with built‑in storage areas; Forced‑air heating and air conditioning
