Flex Warehouse with Overhead
160 Market Street S Shakopee, MN 55379
160 Market Street S, Shakopee, MN, 55379
$1,395,000
For Sale
$1,395,000
Newer flex warehouse features four overhead garage doors, 12' ceilings, and a balanced office-and-shop layout.
Property Size7,520 SF
Price / SF$185.51
Days on Market100
Property Features for 160 Market Street S
General Information
- Standard status
- Active
- Size
- 7,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing agency
Kubes Realty Inc
(612) 599-7440
Listed by
Randolph J Kubes
(612) 599-7440
Source
Juverealestate
Added: Apr 15 Updated: Jul 22 at 10:41AM Checked: Jul 22 at 10:41AM
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 Kubes Realty Inc
Investment Insights
Based on property information with market context.
This newer commercial flex warehouse is offered in excellent condition and includes both office and shop areas. The building has four overhead garage doors, approximately 12' ceiling height, and 10' door height, supporting a variety of light industrial and business uses. A floor plan is available for additional layout details.
The property includes 20 parking spaces on a tar parking lot with a concrete curb. See the floor plan for more information on how the office and shop areas are arranged to support daily operations.
With the overhead door configuration and the combination of workspace types, the building is designed to accommodate businesses needing both functional loading access and dedicated office space.
The property includes 20 parking spaces on a tar parking lot with a concrete curb. See the floor plan for more information on how the office and shop areas are arranged to support daily operations.
With the overhead door configuration and the combination of workspace types, the building is designed to accommodate businesses needing both functional loading access and dedicated office space.
Key Highlights
- Commercial building built in 2017 in downtown Shakopee
- Flex warehouse layout with a balance of office and shop area
- 4 overhead garage doors with 10' door height
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 | $121.8k | $16.20 |
| − Vacancy | −$5.1k | −$0.68 |
| EGI | $116.7k | $15.52 |
| − OpEx | −$17.5k | −$2.33 |
| NOI | $99.2k | $13.19 |
7,520 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,201 @ 7.0% cap · market cap 7.11%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,585 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,588 @ 7.0% cap · market cap 9.00%
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 - Newer flex warehouse features four overhead garage doors, 12' ceilings, and a balanced office-and-shop layout.
Where is this flex space located?
The property is located at 160 Market Street S Shakopee, MN.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Commercial building built in 2017 in downtown Shakopee; Flex warehouse layout with a balance of office and shop area; 4 overhead garage doors with 10' door height
