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Listing Agency: Langer Commercial Real Estate Services

Listed By: David Langer · License #MN 89556

Source: Crexi

Added: Jun 13 Changed: Oct 13 Last Checked: Oct 20 at 9:29PM

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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 Langer Commercial Real Estate Services

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Investment Insights

Based on property information with market context.

This for-sale flex warehouse/office unit offers a combined industrial and office configuration suitable for a range of light commercial and operational needs. The property is listed at 1313 B 7th Street in Saint Paul Park, Minnesota.

The offering includes a building size of 5,400 square feet. Additional details on layout, condition, or on-site amenities were not provided with the listing information.

Key Highlights

• Flex warehouse/office unit for sale at 1313 B 7th Street, Saint Paul Park, MN 55071

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,337

Cap Rate

9.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,206,740 $1.2M

Cap Rate 7%

$861,957 $862.0K

Cap Rate 9%

$670,411 $670.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$97.2K $18.00/SF

− Vacancy

−$4.4K −$0.81/SF

EGI

$92.8K $17.19/SF

− OpEx

−$32.5K −$6.02/SF

NOI

$60.3K $11.17/SF

Area

Washington County, MN

Vacancy

4.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,206,740

Cap Rate 7%

$861,957

Cap Rate 9%

$670,411

Alternative Uses

Best Use

Office B

$1.07M

$936.3K – $1.25M (±1% cap)

NOI $74,906 @ 7.0% cap · market cap 11.37%

Second Best

Warehouse

$1.02M

$890.4K – $1.19M (±1% cap)

NOI $71,235 @ 7.0% cap · market cap 10.81%

Theoretical Best

Office A

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,997 @ 7.0% cap · market cap 15.93%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply Hair Salon

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

132

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 55071, MN

5,827

Population

2,454

Households

2.4

Avg Household Size

37

Median Age

24%

College-Educated

92%

High-School Grad

5.0 sq mi

ZIP Area

1,165

Density / Sq Mi

$98,945

Median Household Income

$54,460

Median Earnings

$2,116

Median Rent

$256,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Flex space - For-sale flex warehouse/office unit at 1313 B 7th Street in Saint Paul Park, MN.

Where is this flex space located?

The property is located at 1313 B 7th Street Saint Paul Park, MN.

What is the asking price?

The asking price for this property is $659,000.

What are key features of this property?

This property features: Flex warehouse/office unit for sale at 1313 B 7th Street, Saint Paul Park, MN 55071