Flexible Health Club
For Sale
$857,142
14030 Bank St # 4, Becker, MN 55308
A 3,800 SF commercial condo with a wide-open layout, multiple entrances, and two separate sewer connections.
Property Size3,800 SF
Price / SF$225.56
Days on Market50
Property Features for 14030 Bank St # 4
General Information
Standard status
Active
Size
3,800 SF
Zoning
CC
Financials
Cap Rate
7%
Business Included
Yes
Additional Details
Highway Access
Yes
Listing Agency:
eXp Commercial
(832) 956-0547
Listed By:
Jason Suchecki · License #747765
(832) 956-0547
Source:
Expcommercial
Added: Jul 12
Changed: Aug 24
Last Checked: Aug 30 at 12:57PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This 3,800 SF commercial condominium is currently operating as a health club and features a wide-open floor plan that can support a variety of commercial uses. The property includes multiple entrances/exits and two separate sewer connections, which may allow the space to be divided into two suites, or potentially replatted into separate condo units (buyer to verify).
The property is located along Becker’s primary commercial corridor and offers convenient access to Highway 10, with strong visibility for ongoing operations.
With the ability to configure for one user or split into multiple suites, this property provides an adaptable option for an owner-user or an investor looking to lease the space, subject to buyer verification of any division or replatting requirements.
The property is located along Becker’s primary commercial corridor and offers convenient access to Highway 10, with strong visibility for ongoing operations.
With the ability to configure for one user or split into multiple suites, this property provides an adaptable option for an owner-user or an investor looking to lease the space, subject to buyer verification of any division or replatting requirements.
Key Highlights
- 3,800 SF commercial condominium built in 2008, currently operating as a health club
- Wide‑open floor plan with flexibility for medical, fitness, wellness, professional office, retail, or other commercial use
- Multiple entrances/exits for convenient access
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
$55,215
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
6.44%
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%
$1,104,300
$1.1M
Cap Rate 7%
$788,786
$788.8K
Cap Rate 9%
$613,500
$613.5K
Market Conditions
NOI Build-Up for 3,800 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
$99.0K $26.04/SF
− Vacancy
−$6.9K −$1.82/SF
EGI
$92.0K $24.22/SF
− OpEx
−$36.8K −$9.69/SF
NOI
$55.2K $14.53/SF
Area
Sherburne County, MN
Vacancy
7.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,104,300
Cap Rate 7%
$788,786
Cap Rate 9%
$613,500
Alternative Uses
Best Use
Healthcare Medical
$788.8K
$690.2K – $920.3K
NOI $55,215 @ 7.0% cap · market cap 6.44%
Second Best
Office B
$644.6K
$564.1K – $752.1K
NOI $45,125 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M
NOI $63,462 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55308, MN
9,691
Population
3,319
Households
2.9
Avg Household Size
35
Median Age
27%
College-Educated
97%
High-School Grad
60.5 sq mi
ZIP Area
160
Density / Sq Mi
$103,815
Median Household Income
$51,536
Median Earnings
$812
Median Rent
$304,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Great River SC Fields at BAC — 14295 Morning Dove Dr, Becker, MN 55308
Frequently Asked Questions
What type of property is this?
Fitness center & gym - A 3,800 SF commercial condo with a wide-open layout, multiple entrances, and two separate sewer connections.
Where is this fitness center & gym located?
The property is located at 14030 Bank St # 4 Becker, MN.
What is the asking price?
The asking price for this property is $857,142.
What are key features of this property?
This property features: 3,800 SF commercial condominium built in 2008, currently operating as a health club; Wide‑open floor plan with flexibility for medical, fitness, wellness, professional office, retail, or other commercial use; Multiple entrances/exits for convenient access
