Flex Warehouse with
21601 John Deere Ln Rogers, MN 55374
For Sale
Contact for pricing
Pending
Freestanding flex warehouse includes 2,000 SF of office and 10,295 SF of warehouse with five grade level doors.
Property Size12,295 SF
Lot Size4.61 Acres
Days on Market880
Property Features for 21601 John Deere Ln
General Information
Standard status
Pending
Size
12,295 SF
Lot size
4.61 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Minnesota
(612) 597-6701
Listed By:
Jonathan Juris
(612) 597-6701
Source:
Moodyscre
Added: Mar 1, 2024
Changed: Jul 28
Last Checked: Jul 28 at 5:37AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
This flex warehouse property totals 12,295 SF with a 2,000 SF office component and 10,295 SF of warehouse/service space. The warehouse offers 16’ clear height and includes trench drains and flam traps. Heating is provided through a mix of hanging forced air and radiant systems, with a furnace in the office areas. The office features an open bullpen area, five private offices, storage room, and a unisex break room and restroom.
The facility is currently configured as a two-tenant building and is served by five 12’ x 14’ grade level doors. The 4.61-acre site is fully fenced and secure with manual sliding gates, and outdoor and parking areas are finished with class 5 gravel.
Additional on-site functionality includes an active fuel pump with monitoring software.
The facility is currently configured as a two-tenant building and is served by five 12’ x 14’ grade level doors. The 4.61-acre site is fully fenced and secure with manual sliding gates, and outdoor and parking areas are finished with class 5 gravel.
Additional on-site functionality includes an active fuel pump with monitoring software.
Key Highlights
- 12,295 SF freestanding flex warehouse with 2,000 SF office and 10,295 SF warehouse
- Warehouse includes five 12’ x 14’ grade level doors and 16’ clear in shop/service/warehouse area
- 4.61‑acre site with two parcels (1.24 acres and 3.37 acres), fully fenced and secured with manual sliding gates
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 | $199.2k | $16.20 |
| − Vacancy | −$8.4k | −$0.68 |
| EGI | $190.8k | $15.52 |
| − OpEx | −$28.6k | −$2.33 |
| NOI | $162.2k | $13.19 |
12,295 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.70M
NOI $162,191 @ 7.0% cap · market cap 4.33%
Second Best
Office B
$2.09M
$1.83M – $2.43M
NOI $146,002 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,333 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex warehouse includes 2,000 SF of office and 10,295 SF of warehouse with five grade level doors.
Where is this flex space located?
The property is located at 21601 John Deere Ln Rogers, MN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 12,295 SF freestanding flex warehouse with 2,000 SF office and 10,295 SF warehouse; Warehouse includes five 12’ x 14’ grade level doors and 16’ clear in shop/service/warehouse area; 4.61‑acre site with two parcels (1.24 acres and 3.37 acres), fully fenced and secured with manual sliding gates
