Standalone Air-Conditioned
For Sale
$2,950,000
14680 James Road, Rogers, MN 55374
Standalone warehouse with 100% air conditioning, newer HVAC, white walls, and expansion potential of 12,000 SF.
Property Size16,660 SF
Price / SF$177.07
Days on Market29
Property Features for 14680 James Road
General Information
Standard status
Active
Size
16,660 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
100% Air Conditioned
Newer HVAC
White Walls & Deck
Listing Agency:
CBRE - Minnesota
(612) 597-6701
Listed By:
Jonathan Juris
(612) 597-6701
Source:
Cbre
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 23 at 8:45AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
Standalone warehouse in Rogers, MN offering 100% air conditioning with newer HVAC. Interior finishes include white walls, along with a deck.
The property provides convenient access to Highway 101 and Interstate I-94.
The building is expandable by an additional 12,000 SF, supporting continued growth for an owner or occupant.
The property provides convenient access to Highway 101 and Interstate I-94.
The building is expandable by an additional 12,000 SF, supporting continued growth for an owner or occupant.
Key Highlights
- Standalone warehouse in Rogers with expansion potential of 12,000 SF
- 100% air conditioned building
- Newer HVAC
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
$219,773
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
7.45%
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%
$4,395,460
$4.4M
Cap Rate 7%
$3,139,614
$3.1M
Cap Rate 9%
$2,441,922
$2.4M
Market Conditions
NOI Build-Up for 16,660 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
$269.9K $16.20/SF
− Vacancy
−$11.3K −$0.68/SF
EGI
$258.6K $15.52/SF
− OpEx
−$38.8K −$2.33/SF
NOI
$219.8K $13.19/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
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%
$4,395,460
Cap Rate 7%
$3,139,614
Cap Rate 9%
$2,441,922
Alternative Uses
Best Use
Warehouse
$3.14M
$2.75M – $3.66M
NOI $219,773 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.48M – $4.64M
NOI $278,231 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55374, MN
15,851
Population
5,496
Households
2.9
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
34.2 sq mi
ZIP Area
463
Density / Sq Mi
$152,239
Median Household Income
$75,382
Median Earnings
$1,535
Median Rent
$438,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Five Star Storage — 14450 James Rd, Rogers, MN 55374
- 101 Storage Center — 14180 Northdale Blvd, Rogers, MN 55374
Frequently Asked Questions
What type of property is this?
Warehouse - Standalone warehouse with 100% air conditioning, newer HVAC, white walls, and expansion potential of 12,000 SF.
Where is this warehouse located?
The property is located at 14680 James Road Rogers, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Standalone warehouse in Rogers with expansion potential of 12,000 SF; 100% air conditioned building; Newer HVAC
