Listing Agency: Edina Realty, Inc. Show Phone

Listed By: Yvonne Perkins · License #731479 Show Phone

Source: Exprealty

Added: Aug 28 Changed: Oct 1 Last Checked: Oct 16 at 10:56AM

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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 Edina Realty, Inc.

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Investment Insights

Based on property information with market context.

This warehouse condominium offering includes insulated, heated units designed for storage, workshop, or personal commercial use. Each unit includes a 14' x 14' overhead door, 21' ceiling height, LED lighting, a bathroom, floor drain, hose bib, fan, overhead sprinklers, and 100-amp, 3-phase power. Optional mezzanine configurations measure 28' x 16' or 28' x 24'.

The property is located within Valley View Industrial Development at 118-17885 Valley View Dr in Jordan, Minnesota. The offering also includes 2,470 sq. ft. of fenced outdoor storage area available for purchase. Additional units may be acquired for a combined total of up to 7,840 sq. ft. Valley View Road is scheduled for paving in fall 2026, with access to Hwy 169 via the Bluff Drive Overpass or Jordan's new interchange.

Additional development land is available within the project, with lot sizes beginning at 2.97 acres and extending to 8.83 acres. The property carries RBR Rural Business Reserve industrial zoning.

Key Highlights

• 1,960 sq. ft. insulated and heated warehouse condominium units
• 14' x 14' overhead door with 21' ceiling height
• 100‑amp, 3‑phase power, LED lighting, and overhead sprinklers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,856

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$517,120 $517.1K

Cap Rate 7%

$369,371 $369.4K

Cap Rate 9%

$287,289 $287.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,960 SF

Gross rent

$31.8K $16.20/SF

− Vacancy

−$1.3K −$0.68/SF

EGI

$30.4K $15.52/SF

− OpEx

−$4.6K −$2.33/SF

NOI

$25.9K $13.19/SF

Area

Scott County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$517,120

Cap Rate 7%

$369,371

Cap Rate 9%

$287,289

Alternative Uses

Best Use

Warehouse

$369.4K

$323.2K – $430.9K (±1% cap)

NOI $25,856 @ 7.0% cap · market cap 8.62%

Second Best

Self Storage

$273.4K

$239.2K – $319.0K (±1% cap)

NOI $19,139 @ 7.0% cap · market cap 6.38%

Theoretical Best

Office A

$467.6K

$409.2K – $545.6K (±1% cap)

NOI $32,733 @ 7.0% cap · market cap 10.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Law Firm Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21 ft

Clear height

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

136

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55352, MN

10,020

Population

3,503

Households

2.9

Avg Household Size

38

Median Age

29%

College-Educated

92%

High-School Grad

67.6 sq mi

ZIP Area

148

Density / Sq Mi

$112,923

Median Household Income

$55,302

Median Earnings

$1,128

Median Rent

$379,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

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Heated Warehouse Condo Units

102-17885 Valley View Dr, Jordan, MN 55352

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Heated Self-Storage Condo Units

17885 Valley View Drive, Unit 108 & 113, Jordan, MN 55352

$605,000

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Restaurant and Bar with Event Space

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Retail Building with Drive-In Door

100 El Dorado Drive, Jordan, MN 55352

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Industrial Warehouse with Outside Storage

875 Corporate Dr, Jordan, MN 55352

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Similar Off Market Nearby

• Jordan Mini Storage — 313 190th St. West, 893 Corporate Dr, Jordan, MN 55352
• Jordan Mini Storage — 893 Corporate Drive, 313 190th St W, Jordan, MN 55352

Frequently Asked Questions

What type of property is this?

Warehouse - Insulated commercial units include overhead doors, power, plumbing, and fire sprinklers.

Where is this warehouse located?

The property is located at 118-17885 Valley View Dr Jordan, MN.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 1,960 sq. ft. insulated and heated warehouse condominium units; 14' x 14' overhead door with 21' ceiling height; 100‑amp, 3‑phase power, LED lighting, and overhead sprinklers