Flex Warehouse with Multi-Tenant
For Sale
Contact for pricing
12400 Princeton Ave, Savage, MN 55378
Flexible space designed for office and warehouse use, with potential for drive-in loading and multi-tenant configuration.
Property Size8,316 SF
Price / SF$162.34
Days on Market316
Property Features for 12400 Princeton Ave
General Information
Standard status
Active
Size
8,316 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Newmark
(612) 430-9950
Listed By:
Brian Netz
(612) 840-4443
Source:
Moodyscre
Added: Dec 18, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:19PM
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 Newmark
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Investment Insights
Based on property information with market context.
This flex warehouse property offers a flexible layout that supports both office and warehouse use, including the ability to add drive-in loading. The configuration is also suited to multi-tenant occupancy, which can help accommodate multiple businesses under one roof.
The property provides easy access to Hwy 13, 35W, and 169. Area amenities include nearby retail and restaurants.
With its adaptable office/warehouse layout and multi-tenant design, the space is positioned for tenants seeking practical flexibility for day-to-day operations.
The property provides easy access to Hwy 13, 35W, and 169. Area amenities include nearby retail and restaurants.
With its adaptable office/warehouse layout and multi-tenant design, the space is positioned for tenants seeking practical flexibility for day-to-day operations.
Key Highlights
- Flexible office and warehouse layout with potential to add drive‑in loading
- Ability to multi‑tenant with adaptable interior configuration
- Easy access to Hwy 13, 35W, and 169
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,702
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,040
$2.2M
Cap Rate 7%
$1,567,171
$1.6M
Cap Rate 9%
$1,218,911
$1.2M
Market Conditions
NOI Build-Up for 8,316 SF
Gross rent
$134.7K $16.20/SF
− Vacancy
−$5.7K −$0.68/SF
EGI
$129.1K $15.52/SF
− OpEx
−$19.4K −$2.33/SF
NOI
$109.7K $13.19/SF
Area
Scott County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,040
Cap Rate 7%
$1,567,171
Cap Rate 9%
$1,218,911
Alternative Uses
Best Use
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,702 @ 7.0% cap · market cap 8.13%
Second Best
Office B
$1.47M
$1.29M – $1.72M
NOI $103,154 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.98M
$1.74M – $2.31M
NOI $138,882 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible space designed for office and warehouse use, with potential for drive-in loading and multi-tenant configuration.
Where is this flex space located?
The property is located at 12400 Princeton Ave Savage, MN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Flexible office and warehouse layout with potential to add drive‑in loading; Ability to multi‑tenant with adaptable interior configuration; Easy access to Hwy 13, 35W, and 169
