Flex Space with Drive-In
15185 Carrousel Way, Rosemount, MN 55068
For Sale
New
Contact for pricing
C-4 General Commercial zoning supports a range of commercial uses.
Property Size7,880 SF
Lot Size0.90 Acres
Price / SF$164.97
Days on Market6
Property Features for 15185 Carrousel Way
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Asking Price
Drive-In Doors
Property Use
Building Details
Year Built
Building Size
Listing Agency:
Cerron Properties
Listed By:
Rocky Ranch · License #MN
(612) 363-2116
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:26PM
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 Cerron Properties
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Investment Insights
Based on property information with market context.
This 7,880-square-foot flex property combines office and warehouse space, with five drive-in doors. Constructed in 1984, the building sits on a 0.90-acre parcel and carries C-4 General Commercial zoning. The office-and-warehouse configuration and multiple drive-in doors are the defining physical features of the property.
Key Highlights
- 7,880 SF building with office and warehouse space
- Five drive‑in doors
- 0.90‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,950
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,079,000
$2.1M
Cap Rate 7%
$1,485,000
$1.5M
Cap Rate 9%
$1,155,000
$1.2M
Market Conditions
NOI Build-Up for 7,880 SF
Gross rent
$127.7K $16.20/SF
− Vacancy
−$5.4K −$0.68/SF
EGI
$122.3K $15.52/SF
− OpEx
−$18.3K −$2.33/SF
NOI
$104.0K $13.19/SF
Area
Dakota 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 Rate 5%
$2,079,000
Cap Rate 7%
$1,485,000
Cap Rate 9%
$1,155,000
Alternative Uses
Best Use
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,950 @ 7.0% cap · market cap 8.00%
Second Best
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,606 @ 7.0% cap · market cap 6.59%
Theoretical Best
Healthcare Medical
$1.94M
$1.70M – $2.26M
NOI $135,741 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 55068, MN
31,593
Population
11,794
Households
2.7
Avg Household Size
37
Median Age
47%
College-Educated
97%
High-School Grad
46.0 sq mi
ZIP Area
687
Density / Sq Mi
$125,271
Median Household Income
$62,445
Median Earnings
$1,610
Median Rent
$379,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Dakota County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Rosettes by Cher — 3376 148th St W, Rosemount, MN 55068
- The Bisque & Broth — 3376 148th St W, Rosemount, MN 55068
- Twin C's Inc — 14690 cameo ave, rosemount, mn 55068
Frequently Asked Questions
What type of property is this?
Flex space - C-4 General Commercial zoning supports a range of commercial uses.
Where is this flex space located?
The property is located at 15185 Carrousel Way Rosemount, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,880 SF building with office and warehouse space; Five drive‑in doors; 0.90‑acre parcel
