Flex Warehouse Office
For Sale
Contact for pricing
1313 B 7th Street, Saint Paul Park, MN 55071
For-sale flex warehouse/office unit at 1313 B 7th Street in Saint Paul Park, MN.
Property Size5,400 SF
Price / SF$122.04
Days on Market86
Property Features for 1313 B 7th Street
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
Langer Commercial Real Estate Services
Listed By:
David Langer · License #MN 89556
Source:
Crexi
Added: Jun 13
Changed: Aug 26
Last Checked: Sep 4 at 3:37AM
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 Langer Commercial Real Estate Services
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,206,740
$1.2M
Cap Rate 7%
$861,957
$862.0K
Cap Rate 9%
$670,411
$670.4K
Market Conditions
NOI Build-Up for 5,400 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $74,906 @ 7.0% cap · market cap 11.37%
Second Best
Warehouse
$1.02M
$890.4K – $1.19M
NOI $71,235 @ 7.0% cap · market cap 10.81%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,997 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
