St. Paul Industrial
For Sale
Contact for pricing
Pending
692 Glendale St, MN
5,150 SF industrial building in St. Paul, MN for sale.
Property Size5,150 SF
Lot Size0.15 Acres
Days on Market634
Property Features for 692 Glendale St
General Information
Standard status
Pending
Size
5,150 SF
Lot size
0.15 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Element, Inc
(612) 436-8200
Listed By:
Aaron Meyers
(612) 405-4740
Source:
Moodyscre
Added: Jan 10, 2025
Changed: Sep 17
Last Checked: Oct 5 at 5:17PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,884
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,680
$997.7K
Cap Rate 7%
$712,629
$712.6K
Cap Rate 9%
$554,267
$554.3K
Market Conditions
NOI Build-Up for 5,150 SF
Gross rent
$63.0K $12.24/SF
− Vacancy
−$4.3K −$0.84/SF
EGI
$58.7K $11.40/SF
− OpEx
−$8.8K −$1.71/SF
NOI
$49.9K $9.69/SF
Area
MN
Vacancy
6.90%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,680
Cap Rate 7%
$712,629
Cap Rate 9%
$554,267
Alternative Uses
Best Use
Warehouse
$712.6K
$623.6K – $831.4K
NOI $49,884 @ 7.0% cap · market cap 5.39%
Second Best
Industrial
$595.7K
$521.2K – $695.0K
NOI $41,698 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,583 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,963
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- US Storage Centers — 606 Vandalia St, St Paul, MN 55114
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- All American Self-Storage — 670 Pelham Blvd, St Paul, MN 55114
- Extra Space Storage — 631 Transfer Rd, St Paul, MN 55114
- North Star Mini Storage — Specialty Building, 2356 University Ave W, St Paul, MN 55114
Frequently Asked Questions
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 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.
