Renovated Flex
14800 Martin Dr Eden Prairie, MN 55344
14800 Martin Dr, Eden Prairie, MN, 55344
Contact for pricing
For Sale
Contact for pricing
3,572 SF office and 3,156 SF warehouse with dock and drive-in door; renovated in 2021.
Property Size6,728 SF
Lot Size0.60 Acres
Price / SF$184.30
Days on Market118
Property Features for 14800 Martin Dr
General Information
- Standard status
- Active
- Size
- 6,728 SF
- Lot size
- 0.60 Acres
- Property subtype
- INDUSTRIAL
Listing agency
CRE Partners
(612) 730-4631
Listed by
Eric Riemer · License #40239919
(612) 730-4631
Source
Moodyscre
Added: Mar 26 Updated: Jul 21 at 5:53AM Checked: Jul 21 at 5:53AM
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 CRE Partners
Investment Insights
Based on property information with market context.
This renovated flex office/warehouse includes approximately 6,728 square feet total, with an additional mezzanine of about 1,017 square feet. The space is split between approximately 3,572 square feet of office area and about 3,156 square feet of warehouse space. Operational features include a dock door and a drive-in door.
The property sits on roughly 0.6 acres and has been upgraded with a new roof in 2021 and a parking lot update in 2024. It also offers easy access to Hwy 5 and 494, supporting convenient inbound and outbound logistics.
With a combination of office space and warehouse capacity, the building is well-suited for users who need dedicated work areas alongside loading and storage capability.
The property sits on roughly 0.6 acres and has been upgraded with a new roof in 2021 and a parking lot update in 2024. It also offers easy access to Hwy 5 and 494, supporting convenient inbound and outbound logistics.
With a combination of office space and warehouse capacity, the building is well-suited for users who need dedicated work areas alongside loading and storage capability.
Key Highlights
- Approx 6,728 SF total (plus approx 1,017 SF mezzanine) with approx 3,572 SF office and approx 3,156 SF warehouse
- 0.6‑acre property with dock and drive‑in door for loading and warehouse access
- Renovated in 2021
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.0k | $16.20 |
| − Vacancy | −$4.6k | −$0.68 |
| EGI | $104.4k | $15.52 |
| − OpEx | −$15.7k | −$2.33 |
| NOI | $88.8k | $13.19 |
6,728 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,753 @ 7.0% cap · market cap 7.16%
Second Best
Office B
$1.14M
$998.7K – $1.33M
NOI $79,894 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$1.61M
$1.40M – $1.87M
NOI $112,361 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 3,572 SF office and 3,156 SF warehouse with dock and drive-in door; renovated in 2021.
Where is this flex space located?
The property is located at 14800 Martin Dr Eden Prairie, MN.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: Approx 6,728 SF total (plus approx 1,017 SF mezzanine) with approx 3,572 SF office and approx 3,156 SF warehouse; 0.6‑acre property with dock and drive‑in door for loading and warehouse access; Renovated in 2021
