Standalone Mixed-Use Industrial
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For Sale
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150 Jackson Ave N, Hopkins, MN 55343
Flexible commercial property combining light industrial space with dedicated offices and transit-oriented zoning.
Property Size8,000 SF
Price / SF$123.75
Days on Market4
Property Features for 150 Jackson Ave N
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
3,000 SF
Building Details
Building Size
8,000 SF
Listing Agency:
IAG Commercial
Listed By:
Bob Valentine · License #MN 40423120
(952) 412-5560
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 1:39PM
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 IAG Commercial
Investment Insights
Based on property information with market context.
This standalone mixed-use property contains 8,000 SF organized for both production and office functions. The building includes 5,000 SF of light manufacturing and industrial area alongside 3,000 SF of office space, creating a practical separation between operational and administrative uses.
Located at 150 Jackson Ave N in Hopkins, Minnesota, the property is within an established west-metro setting and carries transit-oriented zoning. Its configuration supports owner-users seeking a combination of industrial workspace and professional office area under one roof.
Located at 150 Jackson Ave N in Hopkins, Minnesota, the property is within an established west-metro setting and carries transit-oriented zoning. Its configuration supports owner-users seeking a combination of industrial workspace and professional office area under one roof.
Key Highlights
- 8,000 SF mixed‑use building
- 5,000 SF of light manufacturing and industrial space
- 3,000 SF of office space
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
$88,560
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
8.95%
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%
$1,771,200
$1.8M
Cap Rate 7%
$1,265,143
$1.3M
Cap Rate 9%
$984,000
$984.0K
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$31.1K −$3.89/SF
EGI
$141.7K $17.71/SF
− OpEx
−$53.1K −$6.64/SF
NOI
$88.6K $11.07/SF
Area
Hennepin County, MN
Vacancy
18.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,771,200
Cap Rate 7%
$1,265,143
Cap Rate 9%
$984,000
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 8.95%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,910 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,604 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 55343, MN
26,307
Population
14,111
Households
1.9
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,416
Density / Sq Mi
$82,415
Median Household Income
$54,823
Median Earnings
$1,427
Median Rent
$350,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial property combining light industrial space with dedicated offices and transit-oriented zoning.
Where is this mixed-use property located?
The property is located at 150 Jackson Ave N Hopkins, MN.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 8,000 SF mixed‑use building; 5,000 SF of light manufacturing and industrial space; 3,000 SF of office space
