Retail Building with Drive-In
For Sale
Contact for pricing
100 El Dorado Dr, Jordan, MN
7,535 SF retail building on 1.24 acres for sale.
Property Size7,535 SF
Lot Size1.24 Acres
Price / SF$212.34
Days on Market532
Property Features for 100 El Dorado Dr
General Information
Standard status
Active
Size
7,535 SF
Lot size
1.24 Acres
Property subtype
RETAIL
Listing Agency:
Cerron Commercial Properties
(612) 708-5281
Listed By:
Roz Peterson
(612) 708-5281
Source:
Moodyscre
Added: Mar 7, 2025
Changed: Aug 8
Last Checked: Aug 21 at 3:04PM
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 Cerron Commercial Properties
Investment Insights
Based on property information with market context.
This 7,535 square foot retail building, constructed in 2003, is situated on a 1.24-acre lot identified by Scott County PID 22-050-006-0. The property is zoned C-3 Commercial and features a new roof and carpeting. The building is equipped with three heating and cooling units and includes 38 parking stalls. A drive-in door, measuring 12 feet by 14 feet, provides additional access.
Key Highlights
- 7,535 square foot building on 1.24 acres
- Zoned C‑3 Commercial
- 38 parking stalls
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
$92,804
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
5.80%
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%
$1,856,080
$1.9M
Cap Rate 7%
$1,325,771
$1.3M
Cap Rate 9%
$1,031,156
$1.0M
Market Conditions
NOI Build-Up for 7,535 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
$142.9K $18.96/SF
− Vacancy
−$10.3K −$1.37/SF
EGI
$132.6K $17.59/SF
− OpEx
−$39.8K −$5.28/SF
NOI
$92.8K $12.32/SF
Area
Scott County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,856,080
Cap Rate 7%
$1,325,771
Cap Rate 9%
$1,031,156
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,804 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,839 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Vinery Floral — 200 B Broadway St S, Jordan, MN 55352
Frequently Asked Questions
What type of property is this?
Storefront property - 7,535 SF retail building on 1.24 acres for sale.
Where is this storefront property located?
The property is located at 100 El Dorado Dr Jordan, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,535 square foot building on 1.24 acres; Zoned C‑3 Commercial; 38 parking stalls
