Retail Space with Loading
For Sale
$1,500,000
12644 Fremont Avenue, Zimmerman, MN 55398
Two-level commercial building with showroom, classrooms, storage, office, kitchen, bathroom, and on-site parking.
Property Size8,000 SF
Price / SF$187.50
Days on Market18
Property Features for 12644 Fremont Avenue
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,142
Building Details
Building Size
8,000 SF
Year Built
1966
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
eXp Realty
(763) 227-4945
Listed By:
The Dvc Team · License #47250
(763) 227-4945
Source:
Juverealestate
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 20 at 2:11AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 8,000-square-foot retail property includes two levels of commercial space. The 4,000-square-foot upper floor contains a retail showroom, classroom, kitchen, private office, and bathroom. The 4,000-square-foot lower level adds a loading dock, storage, and additional classroom or flex space. The building was constructed in 1966 and is described as move-in ready.
The sale includes the firearms retail business, existing inventory, real estate, and transfer of state and federal licenses, including an FFL. Current operations include retail sales, gunsmithing and repair services, and CPL or concealed carry instruction. The property is located at 12644 Fremont Avenue in Zimmerman, Minnesota, on a main road with on-site parking. License transfers require the buyer to complete all applicable background checks.
The sale includes the firearms retail business, existing inventory, real estate, and transfer of state and federal licenses, including an FFL. Current operations include retail sales, gunsmithing and repair services, and CPL or concealed carry instruction. The property is located at 12644 Fremont Avenue in Zimmerman, Minnesota, on a main road with on-site parking. License transfers require the buyer to complete all applicable background checks.
Key Highlights
- 8,000‑square‑foot building with 4,000 square feet on each level
- Upper level includes retail showroom, classroom, kitchen, private office, and bathroom
- Lower level features loading dock, storage, and classroom or flex space
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
$98,531
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
6.57%
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%
$1,970,620
$2.0M
Cap Rate 7%
$1,407,586
$1.4M
Cap Rate 9%
$1,094,789
$1.1M
Market Conditions
NOI Build-Up for 8,000 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
$151.7K $18.96/SF
− Vacancy
−$10.9K −$1.37/SF
EGI
$140.8K $17.59/SF
− OpEx
−$42.2K −$5.28/SF
NOI
$98.5K $12.32/SF
Area
Sherburne 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%
$1,970,620
Cap Rate 7%
$1,407,586
Cap Rate 9%
$1,094,789
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,531 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,604 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Speedway
Shops & Services
24,438 visits/mo
0.3 miles
Hardee's
Dining
9,413 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
8,538 visits/mo
0.3 miles
Dollar General
Shops & Services
7,766 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,032 visits/mo
0.3 miles
Demographics for 55398, MN
17,022
Population
6,292
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
95%
High-School Grad
73.1 sq mi
ZIP Area
233
Density / Sq Mi
$105,063
Median Household Income
$49,832
Median Earnings
$1,201
Median Rent
$325,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-level commercial building with showroom, classrooms, storage, office, kitchen, bathroom, and on-site parking.
Where is this retail space located?
The property is located at 12644 Fremont Avenue Zimmerman, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,000‑square‑foot building with 4,000 square feet on each level; Upper level includes retail showroom, classroom, kitchen, private office, and bathroom; Lower level features loading dock, storage, and classroom or flex space
