14931 Azurite St NW, Ramsey, MN 55303
A 2004-built I-1 flex warehouse in Ramsey that supports office, warehouse, and light manufacturing uses.
- Added:
- Jun 23, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 1 at 6:36 am
Property Features for 14931 Azurite St NW
General Information
- Standard status
- Active
- Size
- 2,644 SF
- Property subtype
- INDUSTRIAL
Listing office Cetra Partners (612) 599-7864
Listing date Jun 23, 2026
Source Moodyscre
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 Cetra Partners
HighLights
- Built in 2004 with I‑1 light industrial zoning
- I‑1 zoning permits a variety of uses including office, warehouse, research labs, and light manufacturing
- Central Ramsey location
- Possible expansion opportunity
- Anoka County PID: 27‑32‑25‑41‑0011
Overview
Located in central Ramsey within Anoka County, the site is listed under PID 27-32-25-41-0011. The property is zoned I-1 Light Industrial, which permits a variety of different uses, including office, warehouse, research labs, and light manufacturing.
For prospective tenants or buyers, the I-1 zoning profile makes the building a practical fit for companies seeking light industrial operations while retaining space for office work and potential research lab use. The property’s flex nature can also be relevant for firms looking for room to grow within a light industrial zoning framework, subject to local approval for any expansion plans.
Local Financial Insights For Office B
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 | $66.0k | $24.96 |
| − Vacancy | −$17.1k | −$6.46 |
| EGI | $48.9k | $18.50 |
| − OpEx | −$12.2k | −$4.62 |
| NOI | $36.7k | $13.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ramsey
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.4325
- Latitude
- 45.2924
