Versatile Property in Prime
4355 Stebner Rd Hermantown, MN
For Sale
Contact for pricing
Expansive property suitable for retail, warehouse, or mixed-use businesses.
Property Size31,746 SF
Lot Size1.35 Acres
Price / SF$107.10
Days on Market499
Property Features for 4355 Stebner Rd
General Information
Standard status
Active
Size
31,746 SF
Lot size
1.35 Acres
Property subtype
RETAIL
Listing Agency:
Greg Follmer Commercial Real Estate
(218) 310-0013
Listed By:
Greg Follmer · License #27078
(218) 310-0013
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:52AM
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 Greg Follmer Commercial Real Estate
Investment Insights
Based on property information with market context.
This expansive property, with a size of 31746 square feet, is suitable for retail businesses, warehouses, and large-scale operations or mixed-use businesses. The property's flexible layout accommodates various configurations to suit unique business needs. It is strategically located in a high-visibility, prime location, offering functionality and adaptability.
Key Highlights
- Prime location with high visibility.
- Suited for retail, warehouse, or large‑scale operations.
- Flexible layout accommodates various configurations.
Financial Insights For Retail
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 | $476.2k | $15.00 |
| − Vacancy | −$47.6k | −$1.50 |
| EGI | $428.6k | $13.50 |
| − OpEx | −$128.6k | −$4.05 |
| NOI | $300.0k | $9.45 |
31,746 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.29M
$3.75M – $5.00M
NOI $300,000 @ 7.0% cap · market cap 8.82%
Second Best
Warehouse
$2.18M
$1.91M – $2.54M
NOI $152,479 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$12.31M
$10.78M – $14.37M
NOI $862,033 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Expansive property suitable for retail, warehouse, or mixed-use businesses.
Where is this retail property located?
The property is located at 4355 Stebner Rd Hermantown, MN.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Prime location with high visibility.; Suited for retail, warehouse, or large‑scale operations.; Flexible layout accommodates various configurations.
