Prime Property with High-Visibility
For Sale
$575,000
10740 Brent Drive, Brainerd, MN 56401
3+ acre property with 4,000+ sq ft shop.
Property Size4,050 SF
Lot Size3.00 Acres
Price / SF$141.98
Days on Market130
Property Features for 10740 Brent Drive
General Information
Standard status
Active
Size
4,050 SF
Lot size
3.00 Acres
Property subtype
Commercial
Zoning
Business/Commercial
Taxes and HOA fees
Annual Taxes
$3,868
Building Details
Building Size
4,050 SF
Year Built
2004
Units
1
Listing Agency:
LPT Realty, LLC.
(218) 831-5550
Listed By:
Daniel Kavanaugh
(218) 831-5550
Source:
Juverealestate
Added: Apr 17
Changed: Aug 23
Last Checked: Aug 23 at 6:25AM
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 LPT Realty, LLC.
Investment Insights
Based on property information with market context.
This property offers an opportunity with over 200 feet of high-visibility frontage on Business 371. The property spans over 3 acres and includes a fully finished shop measuring 45x90, providing over 4,000 square feet of space. Currently configured as a mechanic shop, the property is suitable for industrial, commercial, or investment purposes. The expansive open acreage allows for future growth, including additional buildings, storage units, or further development.
Key Highlights
- High‑visibility frontage on Business 371.
- Turnkey, fully finished 45x90 (4,000+ sq ft) shop ready for immediate use.
- 3+ acre property with expansive open acreage for future growth.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,558
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$751,160
$751.2K
Cap Rate 7%
$536,543
$536.5K
Cap Rate 9%
$417,311
$417.3K
Market Conditions
NOI Build-Up for 4,050 SF
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.
Gross rent
$58.3K $14.40/SF
− Vacancy
−$4.7K −$1.15/SF
EGI
$53.7K $13.25/SF
− OpEx
−$16.1K −$3.97/SF
NOI
$37.6K $9.27/SF
Area
Crow Wing County, MN
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$751,160
Cap Rate 7%
$536,543
Cap Rate 9%
$417,311
Alternative Uses
Best Use
Retail
$536.5K
$469.5K – $626.0K
NOI $37,558 @ 7.0% cap · market cap 6.53%
Second Best
Industrial
$339.0K
$296.6K – $395.5K
NOI $23,730 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$859.8K
$752.3K – $1.00M
NOI $60,186 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Platinum Auto Services — 10740 Brent Dr, Brainerd, MN 56401
- Fletcher Trucking — 10545 MN-371BUS, Brainerd, MN 56401
- CMDA — 10294 MN-371BUS, Brainerd, MN 56401
- PJ's Automotive and Diesel Repair LLC — 10740 Brent Dr, Brainerd, MN 56401
- Clayton's Auto Repair — 10372 Business 371, Brainerd, MN 56401
Frequently Asked Questions
What type of property is this?
Auto shop - 3+ acre property with 4,000+ sq ft shop.
Where is this auto shop located?
The property is located at 10740 Brent Drive Brainerd, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: High‑visibility frontage on Business 371.; Turnkey, fully finished 45x90 (4,000+ sq ft) shop ready for immediate use.; 3+ acre property with expansive open acreage for future growth.
