Showroom and Shop/Warehouse
For Sale
$1,695,000
125 Division Street, Waite Park, MN 56387
Built in 2004 with well-lit showroom and shop/warehouse space, plus 51 parking stalls on two parcels.
Property Size5,760 SF
Lot Size1.03 Acres
Price / SF$294.27
Days on Market44
Property Features for 125 Division Street
General Information
Standard status
Active
Size
5,760 SF
Total Parking Spaces
51
Lot size
1.03 Acres
Property subtype
Retail
Additional Details
Traffic Count
18,229 vehicles/day
Building Details
Building Size
5,760 SF
Year Built
2004
Listing Agency:
SVN GC Real Estate
Listed By:
Kate Hanson, CCIM
(320) 420-6485
Source:
Svngcre
Added: Jul 24
Changed: Sep 3
Last Checked: Sep 5 at 5:54AM
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 SVN GC Real Estate
Investment Insights
Based on property information with market context.
Built in 2004 and well maintained, this versatile commercial facility includes approximately 3,600 SF of well-lit showroom space and approximately 2,160 SF of shop/warehouse space. The property is configured on two parcels totaling just over one acre (44,866 SF) with large storefront windows and a flexible interior layout suited to a range of business operations.
The site is positioned on Division Street in the St. Cloud market, with approximately 18,229 vehicles passing per day and strong visibility for signage. The property is currently available following the relocation of a family-owned auto dealership to St. Joseph.
On-site parking totals approximately 51 stalls, with the stated potential to expand based on tenant needs. Nearby destinations listed in the remarks include Crossroads Shopping Center, Walgreens, Chick-fil-A, Applebee’s, Olive Garden, Smile Orthodontics, and Urban Style Salon, among other well-known brands.
The site is positioned on Division Street in the St. Cloud market, with approximately 18,229 vehicles passing per day and strong visibility for signage. The property is currently available following the relocation of a family-owned auto dealership to St. Joseph.
On-site parking totals approximately 51 stalls, with the stated potential to expand based on tenant needs. Nearby destinations listed in the remarks include Crossroads Shopping Center, Walgreens, Chick-fil-A, Applebee’s, Olive Garden, Smile Orthodontics, and Urban Style Salon, among other well-known brands.
Key Highlights
- Approximately 18,229 vehicles pass per day on Division Street, with strong visibility and accessibility.
- Built in 2004; well‑lit showroom space of about 3,600 SF plus shop/warehouse space of about 2,160 SF.
- Two parcels totaling just over one acre (44,866 SF) with a flexible layout for multiple commercial uses.
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
$77,246
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
4.56%
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%
$1,544,920
$1.5M
Cap Rate 7%
$1,103,514
$1.1M
Cap Rate 9%
$858,289
$858.3K
Market Conditions
NOI Build-Up for 5,760 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
$115.4K $20.04/SF
− Vacancy
−$5.1K −$0.88/SF
EGI
$110.4K $19.16/SF
− OpEx
−$33.1K −$5.75/SF
NOI
$77.2K $13.41/SF
Area
Stearns County, MN
Vacancy
4.40%
Lease Rate
$20.04 /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%
$1,544,920
Cap Rate 7%
$1,103,514
Cap Rate 9%
$858,289
Alternative Uses
Best Use
Retail
$1.10M
$965.6K – $1.29M
NOI $77,246 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,281 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,229 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
967k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 30%
Dining 23%
Shops & Services 17%
Superstores 14%
Scheels
Apparel
162,569 visits/mo
0.3 miles
Target
Superstores
139,940 visits/mo
0.5 miles
Chick-fil-A
Dining
52,191 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
46,941 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
46,485 visits/mo
0.3 miles
Demographics for 56387, MN
7,715
Population
3,460
Households
2.2
Avg Household Size
35
Median Age
19%
College-Educated
87%
High-School Grad
8.9 sq mi
ZIP Area
867
Density / Sq Mi
$57,387
Median Household Income
$36,511
Median Earnings
$1,072
Median Rent
$230,500
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.
Similar Off Market Nearby
- Multiple Concepts Interiors — 26 1st Ave N, Waite Park, MN 56387
- HOM Furniture — 3701 W Division St #105, St Cloud, MN 56303
- Walcro — 428 Great Oak Dr #2504, Waite Park, MN 56387
Frequently Asked Questions
What type of property is this?
Showroom - Built in 2004 with well-lit showroom and shop/warehouse space, plus 51 parking stalls on two parcels.
Where is this showroom located?
The property is located at 125 Division Street Waite Park, MN.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Approximately 18,229 vehicles pass per day on Division Street, with strong visibility and accessibility.; Built in 2004; well‑lit showroom space of about 3,600 SF plus shop/warehouse space of about 2,160 SF.; Two parcels totaling just over one acre (44,866 SF) with a flexible layout for multiple commercial uses.
