Flex Space with Drive-In
New
For Sale
$2,450,000
14500 Martin Dr, Eden Prairie, MN 55344
I-2 zoning and connections to Highways 212, 5, and I-494 accommodate a range of industrial operations.
Property Size19,521 SF
Lot Size2.44 Acres
Price / SF$125.51
Days on Market2
Property Features for 14500 Martin Dr
General Information
Standard status
Active
Size
19,521 SF
Lot size
2.44 Acres
Property subtype
Industrial - Manufacturing
Zoning
I-2
Warehouse & Industrial
Drive-In Doors
4
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
19,521 SF
Year Built
1993
Year Renovated
2021
Buildings
1
Listing Agency:
Pybe
Listed By:
Rustam Muharamov
(612) 444-3333
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 Pybe
Investment Insights
Based on property information with market context.
At 14500 Martin Dr in Eden Prairie, this flex property comprises a 19,521-SF building on 2.44 acres. Built in 1993, the single-building facility has four drive-in doors, clear height of over 13 feet, and a wet sprinkler system. I-2 zoning supports uses including light manufacturing, warehousing, and creative production.
The property is near Highways 212, 5, and I-494, providing connections across the Twin Cities metro. The roof was replaced in 2019, and the parking lot was renovated in 2021.
The property is near Highways 212, 5, and I-494, providing connections across the Twin Cities metro. The roof was replaced in 2019, and the parking lot was renovated in 2021.
Key Highlights
- 19,521 SF building on a 2.44‑acre site
- I‑2 zoning supports light manufacturing, warehousing, and creative production
- Four drive‑in doors and clear height of over 13 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,071
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,420
$4.2M
Cap Rate 7%
$3,029,586
$3.0M
Cap Rate 9%
$2,356,344
$2.4M
Market Conditions
NOI Build-Up for 19,521 SF
Gross rent
$316.2K $16.20/SF
− Vacancy
−$13.3K −$0.68/SF
EGI
$303.0K $15.52/SF
− OpEx
−$90.9K −$4.66/SF
NOI
$212.1K $10.86/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,241,420
Cap Rate 7%
$3,029,586
Cap Rate 9%
$2,356,344
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.29M
NOI $257,514 @ 7.0% cap · market cap 10.51%
Second Best
Industrial
$3.03M
$2.65M – $3.53M
NOI $212,071 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$4.66M
$4.08M – $5.43M
NOI $326,011 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55344, MN
15,837
Population
7,416
Households
2.1
Avg Household Size
35
Median Age
61%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,779
Density / Sq Mi
$89,590
Median Household Income
$64,278
Median Earnings
$1,725
Median Rent
$351,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - I-2 zoning and connections to Highways 212, 5, and I-494 accommodate a range of industrial operations.
Where is this flex space located?
The property is located at 14500 Martin Dr Eden Prairie, MN.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 19,521 SF building on a 2.44‑acre site; I‑2 zoning supports light manufacturing, warehousing, and creative production; Four drive‑in doors and clear height of over 13 feet
