Delano Floral & Gift Shop
For Sale
Contact for pricing
120 N River Street, Delano, MN 55328
Commercially zoned storefront with an established floral business, furnishings, fixtures, and equipment.
Property Size3,210 SF
Price / SF$147.98
Days on Market16
Property Features for 120 N River Street
General Information
Standard status
Active
Size
3,210 SF
Total Parking Spaces
1
Property subtype
Retail, Business for Sale
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Units
1
Tenancy
Single
Listing Agency:
True Commercial | Business Brokerage
(507) 345-8783
Listed By:
April Femrite · License #MN 40673070
Source:
Crexi
Added: Jul 25
Changed: Aug 3
Last Checked: Aug 9 at 12:45PM
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 True Commercial | Business Brokerage
Investment Insights
Based on property information with market context.
This commercial storefront includes an operating floral and gift business serving customers since 2000. The retail offering features floral arrangements, plants, home décor, and distinctive gift items, while additional consulting services support weddings, funerals, and other special occasions. Furnishings, fixtures, and equipment are included with the business and building, and the seller will provide short-term training and transition assistance.
Customers can visit the store during regular weekly hours or place orders online at www.delanofloral.com. The property is located at 120 N River Street in Delano, Minnesota, and the building dates to 1900. Confidential financial and operational information requires an NDA.
Customers can visit the store during regular weekly hours or place orders online at www.delanofloral.com. The property is located at 120 N River Street in Delano, Minnesota, and the building dates to 1900. Confidential financial and operational information requires an NDA.
Key Highlights
- Established floral and gift business operating since 2000
- Commercial zoning at 120 N River Street, Delano, MN 55328
- Retail selection includes floral arrangements, plants, home décor, and gifts
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
$39,536
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
8.32%
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%
$790,720
$790.7K
Cap Rate 7%
$564,800
$564.8K
Cap Rate 9%
$439,289
$439.3K
Market Conditions
NOI Build-Up for 3,210 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
$60.9K $18.96/SF
− Vacancy
−$4.4K −$1.37/SF
EGI
$56.5K $17.59/SF
− OpEx
−$16.9K −$5.28/SF
NOI
$39.5K $12.32/SF
Area
Wright 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%
$790,720
Cap Rate 7%
$564,800
Cap Rate 9%
$439,289
Alternative Uses
Best Use
Retail
$564.8K
$494.2K – $658.9K
NOI $39,536 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.8K
$670.1K – $893.5K
NOI $53,609 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar General
Shops & Services
6,632 visits/mo
0.0 miles
Holiday Station Store
Shops & Services
6,435 visits/mo
0.2 miles
Circle K
Shops & Services
6,056 visits/mo
0.2 miles
Pizza Hut
Dining
1,337 visits/mo
0.4 miles
Demographics for 55328, MN
9,729
Population
3,684
Households
2.6
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
44.9 sq mi
ZIP Area
217
Density / Sq Mi
$118,036
Median Household Income
$65,990
Median Earnings
$927
Median Rent
$382,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned storefront with an established floral business, furnishings, fixtures, and equipment.
Where is this storefront property located?
The property is located at 120 N River Street Delano, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Established floral and gift business operating since 2000; Commercial zoning at 120 N River Street, Delano, MN 55328; Retail selection includes floral arrangements, plants, home décor, and gifts
