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    St. Paul Industrial Building Title is generated by Realmo AI

    692 Glendale St, St Paul, MN

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    5,150 SF industrial building in St. Paul, MN for sale.

    Type:INDUSTRIAL
    Property size:
    5,150 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $179/SF
    Added:
    Jan 10, 2025
    Days on Market:
    542
    Last Refresh:
    May 20 at 9:31 pm

    Property Features for 692 Glendale St

    General Information

    Standard status
    Active
    Size
    5,150 SF
    Lot size
    0.15 Acres
    Property subtype
    INDUSTRIAL

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    Aaron Meyers
    Aaron Meyers

    Listing office Element, Inc

    Listing date Jan 10, 2025

    Source Moodyscre

    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 Element, Inc

    HighLights

    • Large, column‑free warehouse space, approximately 4,950 square feet.
    • Benefit from the high power electrical service (1200 Amp, 480‑volt, 3‑phase).
    • Convenient location near I‑94/Highway 280 interchange.
    • Functional, heavy‑duty space with modern amenities.
    • Additional mezzanine and basement storage space.
    • Equipped with trench drains, flammable waste trap, and makeup air.

    Overview

    This 5,150 square foot industrial building features a large, open warehouse and a small office space, suitable for businesses needing accessible, high-functionality workspace. The warehouse area is approximately 4,950 square feet, complemented by an office space of about 200 square feet. Additional mezzanine and basement storage space are available. The building is equipped with trench drains, a flammable waste trap, makeup air, and 1200 Amp, 480-volt, 3-phase electrical service. Situated on a 0.15-acre lot, the property is located near the I-94/Highway 280 interchange, providing easy highway access. This versatile building is perfect for businesses seeking functional, heavy-duty space.

    Local Financial Insights For Warehouse

    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 $63.0k $12.24
    − Vacancy −$4.3k −$0.84
    EGI $58.7k $11.40
    − OpEx −$8.8k −$1.71
    NOI $49.9k $9.69
    5,150 SF · lease $12.24/SF/yr · vacancy 6.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $712.6K
    $623.6K – $831.4K (±1% cap)
    NOI $49,884 @ 7.0% cap · market cap 5.39%
    Second Best
    Industrial
    $595.7K
    $521.2K – $695.0K (±1% cap)
    NOI $41,698 @ 7.0% cap · market cap 4.51%
    Theoretical Best
    Office A
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,583 @ 7.0% cap · market cap 9.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Pharmacy Nail Salon Grocery & Convenience Store Electrical Service Skin Care Clinic Bar & Pub Barber Shop Real Estate Agency Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Steele County Self Storage — 1010 Hoffman Dr NW # C, Owatonna, MN 55060
    • KO Storage — 1175 E Frontage Rd #1, Owatonna, MN 55060
    • KO Storage — 1210 E Frontage Rd, Owatonna, MN 55060

    Location Insight

    • Map
    • Local Demand
    City
    St Paul
    County
    Dakota
    State
    Minnesota

    FAQs

    What type of property is this?
    Warehouse - 5,150 SF industrial building in St. Paul, MN for sale.
    Where is this warehouse located?
    The property is located at 692 Glendale St St Paul, MN.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Large, column‑free warehouse space, approximately 4,950 square feet.; Benefit from the high power electrical service (1200 Amp, 480‑volt, 3‑phase).; Convenient location near I‑94/Highway 280 interchange.
    (612) 405-4740 Call to check price and availability
    More about this property
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