Heated Warehouse Condo
New
For Sale
$300,000
118-17885 Valley View Dr, Jordan, MN 55352
Insulated commercial units include overhead doors, power, plumbing, and fire sprinklers.
Property Size1,960 SF
Price / SF$153.06
Days on Market5
Property Features for 118-17885 Valley View Dr
General Information
Standard status
Active
Size
1,960 SF
Zoning
RBR Rural Business Reserve
Warehouse & Industrial
Clear Height
21 ft
Power
100 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Edina Realty, Inc.
(612) 709-1555
Listed By:
Yvonne Perkins · License #731479
(612) 709-1555
Source:
Exprealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 6:43PM
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.
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.
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 = 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
$25,856
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
8.62%
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%
$517,120
$517.1K
Cap Rate 7%
$369,371
$369.4K
Cap Rate 9%
$287,289
$287.3K
Market Conditions
NOI Build-Up for 1,960 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
$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 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%
$517,120
Cap Rate 7%
$369,371
Cap Rate 9%
$287,289
Alternative Uses
Best Use
Warehouse
$369.4K
$323.2K – $430.9K
NOI $25,856 @ 7.0% cap · market cap 8.62%
Second Best
Self Storage
$273.4K
$239.2K – $319.0K
NOI $19,139 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$467.6K
$409.2K – $545.6K
NOI $32,733 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
