Building Details

Year Built 2025

Units 1

Listing Agency: Edina Realty, Inc.

Listed By: Yvonne Perkins · License #731479 Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 5:08PM

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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 Edina Realty, Inc.

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Investment Insights

Based on property information with market context.

This 2025 flex property in Jordan offers insulated, heated storage and garage condo units for sale. Each described unit measures 1,960 sq. ft. (70'x28') and has a 14 x14 overhead door, 21' ceiling height, LED lighting, 100-amp service, four duplex outlets, a fan, floor drain, hose bib, overhead sprinklers, and a bathroom. A 28xl6 or 28x24 mezzanine is optional, and double units are available.

Fenced outside storage spaces measuring 2,470 sq. ft. (95'x26') are also available for purchase. Valley View Road is scheduled to be paved in fall of 2026. Access to Hwy 169 is available through the Bluff Drive overpass or Jordan's new interchange.

Key Highlights

• Heated, insulated units measure 1,960 sq. ft. (70'x28')
• 14 x14 overhead door and 21' ceiling height
• 100‑amp service, potential 3 phase power, and 4 duplex outlets

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,856

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$517,120 $517.1K

Cap Rate 7%

$369,371 $369.4K

Cap Rate 9%

$287,289 $287.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,960 SF

Gross rent

$31.8K $16.20/SF

− Vacancy

−$1.3K −$0.68/SF

EGI

$30.4K $15.52/SF

− OpEx

−$4.6K −$2.33/SF

NOI

$25.9K $13.19/SF

Area

Scott 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%

$517,120

Cap Rate 7%

$369,371

Cap Rate 9%

$287,289

Alternative Uses

Best Use

Warehouse

$369.4K

$323.2K – $430.9K (±1% cap)

NOI $25,856 @ 7.0% cap · market cap 8.48%

Second Best

Flex RnD

$311.2K

$272.3K – $363.1K (±1% cap)

NOI $21,785 @ 7.0% cap · market cap 7.14%

Theoretical Best

Office A

$467.6K

$409.2K – $545.6K (±1% cap)

NOI $32,733 @ 7.0% cap · market cap 10.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Electrical Service Storage Facility Nursing Home Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21 ft

Clear height

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55352, MN

10,020

Population

3,503

Households

2.9

Avg Household Size

38

Median Age

29%

College-Educated

92%

High-School Grad

67.6 sq mi

ZIP Area

148

Density / Sq Mi

$112,923

Median Household Income

$55,302

Median Earnings

$1,128

Median Rent

$379,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Insulated units include a bathroom, floor drain, hose bib, and overhead sprinklers.

Where is this flex space located?

The property is located at 17885 Valley View Drive #102 Jordan, MN.

What is the asking price?

The asking price for this property is $305,000.

What are key features of this property?

This property features: Heated, insulated units measure 1,960 sq. ft. (70'x28'); 14 x14 overhead door and 21' ceiling height; 100‑amp service, potential 3 phase power, and 4 duplex outlets