Building Details

Year Built 2025

Listing Agency: Edina Realty,Inc.

Listed By: Yvonne Perkins · License #731479 Show Phone

Source: C21atwood

Added: Apr 23 Changed: Oct 13 Last Checked: Oct 12 at 8:17PM

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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.

Investment Insights

Based on property information with market context.

This 3,920-square-foot warehouse condo comprises two units, with individual spaces starting at 1,960 square feet. The insulated, heated facility has a private restroom, a 14-by-14-foot overhead door, 21-foot ceilings, LED lighting, 100-amp, three-phase power, a fan, hose bib, floor drain, and overhead sprinklers. Optional mezzanine configurations measure 28 by 16 feet or 28 by 24 feet. The property carries RBR (Rural Business Reserve) zoning.

At 17885 Valley View Drive in Jordan, the property has access to Highway 169 via Bluff Drive Overpass or Jordan’s new interchange. Valley View Road is scheduled for paving in fall 2026. Fenced outdoor storage areas totaling 2,470 square feet are also offered for purchase. Additional development lots in Valley View Industrial Development range from 2.97 to 8.83 acres, with lot size adjustable above 2.97 acres. The setting overlooks Sand Creek.

Key Highlights

• 3,920‑square‑foot condo configured as 2 units; individual units start at 1,960 square feet
• Insulated and heated; includes a private restroom
• 14x14 overhead door and 21' ceiling height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,711

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,034,220 $1.0M

Cap Rate 7%

$738,729 $738.7K

Cap Rate 9%

$574,567 $574.6K

Market Conditions

NOI Build-Up for 3,920 SF

Gross rent

$63.5K $16.20/SF

− Vacancy

−$2.7K −$0.68/SF

EGI

$60.8K $15.52/SF

− OpEx

−$9.1K −$2.33/SF

NOI

$51.7K $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%

$1,034,220

Cap Rate 7%

$738,729

Cap Rate 9%

$574,567

Alternative Uses

Best Use

Warehouse

$738.7K

$646.4K – $861.9K (±1% cap)

NOI $51,711 @ 7.0% cap · market cap 8.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$935.2K

$818.3K – $1.09M (±1% cap)

NOI $65,466 @ 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

Warehouses

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Insulated space includes a private restroom and three-phase electrical service for warehouse operations.

Where is this warehouse located?

The property is located at 17885 Valley View Drive Unit 104 & 105 Jordan, MN.

What is the asking price?

The asking price for this property is $610,000.

What are key features of this property?

This property features: 3,920‑square‑foot condo configured as 2 units; individual units start at 1,960 square feet; Insulated and heated; includes a private restroom; 14x14 overhead door and 21' ceiling height