13025 Fenway Boulevard North, Hugo, MN 55038

Building Details

Buildings 1 More

Tenancy Single More

Listing Agency: Titus Commercial Real Estate

Listed By: Mike Brass · License MN #40630577 Show Phone

Source: Crexi

Added: Jul 28 Changed: Oct 26 Last Checked: Nov 8 at 8:31AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 4,000-square-foot self-storage facility is identified for industrial and luxury storage use. The property carries I-3 General Industrial zoning, providing a defined industrial land-use designation for the site.

Located at 13025 Fenway Boulevard North in Hugo, Minnesota, the property is available in both lease and sale formats.

Key Highlights

• 4,000 SF self‑storage facility
• Identified for industrial and luxury storage use
• I‑3 General Industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,767

Cap Rate

6.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,055,340 $1.1M

Cap Rate 7%

$753,814 $753.8K

Cap Rate 9%

$586,300 $586.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$64.8K $16.20/SF

− Vacancy

−$2.7K −$0.68/SF

EGI

$62.1K $15.52/SF

− OpEx

−$9.3K −$2.33/SF

NOI

$52.8K $13.19/SF

Area

Anoka 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%

$1,055,340

Cap Rate 7%

$753,814

Cap Rate 9%

$586,300

Alternative Uses

Best Use

Warehouse

$753.8K

$659.6K – $879.5K (±1% cap)

NOI $52,767 @ 7.0% cap · market cap 6.21%

Second Best

Self Storage

$547.2K

$478.8K – $638.4K (±1% cap)

NOI $38,304 @ 7.0% cap · market cap 4.51%

Theoretical Best

Office A

$1.11M

$972.2K – $1.30M (±1% cap)

NOI $77,775 @ 7.0% cap · market cap 9.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Building Supply Hair Salon Auto Parts Store Pharmacy Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Explore this area Business Placement

Demographics for 55038, MN

23,735

Population

9,355

Households

2.5

Avg Household Size

39

Median Age

49%

College-Educated

98%

High-School Grad

50.5 sq mi

ZIP Area

470

Density / Sq Mi

$127,194

Median Household Income

$67,946

Median Earnings

$1,844

Median Rent

$408,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Self storage facility - The property is identified for industrial and luxury storage use.

Where is this self storage facility located?

The property is located at 13025 Fenway Boulevard North Hugo, MN.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 4,000 SF self‑storage facility; Identified for industrial and luxury storage use; I‑3 General Industrial zoning