Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Carlson Business Center III Title is generated by Realmo AI

    131 Cheshire Ln N, Plymouth, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/light industrial/showroom space available January 1, 2026.

    Type:INDUSTRIAL
    Property size:
    63,645 SF
    Lot size:
    6.95 Acres
    Added:
    Jul 15, 2025
    Days on Market:
    312
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 131 Cheshire Ln N

    General Information

    Standard status
    Active
    Size
    63,645 SF
    Lot size
    6.95 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 131 Cheshire Ln N Contact us

    We can help!

    Listing Contact
    Ryan Krzmarzick
    Ryan Krzmarzick

    Listing agent Ryan Krzmarzick

    Listing office Colliers

    Listing date Jul 15, 2025

    Source Moodyscre

    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 Colliers

    HighLights

    • 63,645 SF total space with flexible configuration (office, tech, warehouse)
    • Convenient access to I‑494, Hwy 55 & I‑394
    • Nine (9) dock doors plus four (4) glass packs convertible to dock doors
    • Class A flex/light industrial/showroom space
    • Benefit from 24' clear height
    • Abundant parking for employees and guests

    Overview

    Carlson Business Center III, Suite 500, offers a total of 63,645 square feet of space, available January 1, 2026. The layout includes 28,030 square feet of office space, 10,221 square feet designated as a tech area, and 25,394 square feet of warehouse space. The property features nine dock doors and four glass packs that can be converted to dock doors. The clear height is 24 feet, and the power supply is 800 Amp 480/277 Volt Service. Column spacing is 35' x 40'. The property is equipped with an ESFR sprinkler system and includes truck-high docks and drive-ins. Abundant parking is available for employees and guests, and outdoor seating areas are provided. The location offers freeway visibility and convenient access to I-494, Hwy 55, and I-394, as well as access to running and walking paths and trails. This Class A space is suitable for flex, light industrial, or showroom purposes.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Hair Salon Law Firm Auto Repair Shop Big Box & Wholesale Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 13011 Hwy 55, Plymouth, MN 55441
    • Advanced Records Management — 13700 Water Tower Cir, Plymouth, MN 55441
    • The Lock Up Self Storage — plymouth, mn 55441
    • Extra Space Storage — 2960 Empire Ln N, Plymouth, MN 55447

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4572
    Latitude
    44.9794

    Nearby Similar for Lease

    • $13 SF/Yr
      438 SF

      Plymouth Office Suite For Rent

      Office suite in Plymouth with private office and front lobby.
      4205 Lancaster Ln N, Plymouth, MN
      View Details
    • $15 SF/Yr
      3,672 SF

      Plymouth Office Space For Rent

      Office space with highway access and high visibility available for rent.
      3021 Harbor Ln N, Plymouth, MN
      View Details
    • $17 SF/Yr
      1,897 SF

      Renovated Office Space Available

      Office space with renovated interior and convenient highway access.
      3300 Fernbrook Ln N, Plymouth, MN
      View Details
    • $18 SF/Yr
      12,687 SF

      Plymouth Medical/Office Building For Rent

      Medical/Office building with freeway exposure and ample surface parking.
      9750 Rockford Rd, Plymouth, MN
      View Details
    • Contact for pricing
      789 SF

      Retail Space in Rockridge Center

      Retail spaces available for lease in Plymouth, Minnesota.
      4345-4445 Nathan Ln N, Plymouth, MN 55442
      View Details
    • Contact for pricing
      17,600 SF

      Plymouth Industrial Space for Lease

      Industrial space near Minneapolis-St Paul Airport with secure outdoor storage.
      9865 10th Ave N, Plymouth, MN 55441
      View Details
    • $16 SF/Yr
      1,511 SF

      Plymouth Office Space Available

      Office space with highway access, natural light, and parking.
      9800 Shelard Pkwy, Plymouth, MN
      View Details
    • $17 SF/Yr
      6,504 SF

      Plymouth Office Space Available

      6,504 SF office space for lease in Plymouth, MN.
      6000 Nathan Ln N, Plymouth, MN
      View Details
    • Contact for pricing
      114,069 SF

      Hy-Vee Anchored Retail Center

      Neighborhood retail center with high visibility and ample parking.
      16705-16725 County Rd 24, Plymouth, MN 55447
      View Details
    • $8 SF/Yr
      4,809 SF

      Industrial Space with Flexible Options

      Industrial space for lease with showroom and loading docks.
      12700-12760 Industrial Park Blvd, Plymouth, MN
      View Details
    • Contact for pricing

      Retail Space in Plymouth Location

      Retail space available in Plymouth, co-tenants include national brands.
      4315 Peony Lane | Plymouth, MN 55446
      View Details
    • $22 SF/Yr
      1,426 SF

      Professional Office Building For Rent

      Professional office building with suites and shared amenities available for rent.
      12800 Industrial Park Blvd, Plymouth, MN
      View Details

    FAQs

    What type of property is this?
    Warehouse - Flex/light industrial/showroom space available January 1, 2026.
    Where is this warehouse located?
    The property is located at 131 Cheshire Ln N Plymouth, MN.
    What are key features of this property?
    This property features: 63,645 SF total space with flexible configuration (office, tech, warehouse); Convenient access to I‑494, Hwy 55 & I‑394; Nine (9) dock doors plus four (4) glass packs convertible to dock doors
    (952) 897-7746 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Krzmarzick
    Ryan Krzmarzick
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    131 Cheshire Ln N, Plymouth, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!