Industrial Warehouse with
692 Glendale St Saint Paul, MN 55114
For Sale
Contact for pricing
Pending
Industrial building offering a large, column-free warehouse with a small office and added mezzanine and basement storage.
Property Size5,150 SF
Lot Size0.15 Acres
Days on Market566
Property Features for 692 Glendale St
General Information
Standard status
Pending
Size
5,150 SF
Lot size
0.15 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Element, Inc
(612) 405-4740
Listed By:
Aaron Meyers
(612) 405-4740
Source:
Moodyscre
Added: Jan 10, 2025
Changed: Jul 27
Last Checked: Jul 29 at 12:36PM
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 Element, Inc
Investment Insights
Based on property information with market context.
This industrial building includes a large, column-free open warehouse area with a small office space, plus additional mezzanine and basement storage. The space is equipped with trench drains and a flammable waste trap, along with makeup air and a 1,200 Amp, 480-volt, 3-phase electrical service.
The property is situated on a 0.15-acre lot near the I-94/Highway 280 interchange, providing convenient highway access for day-to-day operations.
Designed for practical use, the layout combines a primary warehouse area with office space and supplementary storage to support a range of industrial workflows.
The property is situated on a 0.15-acre lot near the I-94/Highway 280 interchange, providing convenient highway access for day-to-day operations.
Designed for practical use, the layout combines a primary warehouse area with office space and supplementary storage to support a range of industrial workflows.
Key Highlights
- 5,150 SF industrial building with large open warehouse plus small office space
- Approximately 4,950 SF column‑free warehouse area for flexible layout and operations
- About 200 SF office space included
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.4k | $16.20 |
| − Vacancy | −$3.5k | −$0.68 |
| EGI | $79.9k | $15.52 |
| − OpEx | −$12.0k | −$2.33 |
| NOI | $67.9k | $13.19 |
5,150 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$970.5K
$849.2K – $1.13M
NOI $67,937 @ 7.0% cap · market cap 7.34%
Second Best
Office B
$912.6K
$798.5K – $1.06M
NOI $63,882 @ 7.0% cap · market cap 6.91%
Theoretical Best
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,714 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Public Storage — 2516 Wabash Ave, St Paul, MN 55114
- US Storage Centers — 606 Vandalia St, St Paul, MN 55114
- North Star Mini Storage — Specialty Building, 2356 University Ave W, St Paul, MN 55114
- Extra Space Storage — 631 Transfer Rd, St Paul, MN 55114
- All American Self-Storage — 670 Pelham Blvd, St Paul, MN 55114
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building offering a large, column-free warehouse with a small office and added mezzanine and basement storage.
Where is this warehouse located?
The property is located at 692 Glendale St Saint Paul, MN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 5,150 SF industrial building with large open warehouse plus small office space; Approximately 4,950 SF column‑free warehouse area for flexible layout and operations; About 200 SF office space included
