Heated Warehouse
For Sale
$610,000
17885 Valley View Drive #104 & 105, Jordan, MN 55352
Insulated, heated commercial units include private restrooms and overhead doors for flexible storage or operational use.
Property Size3,920 SF
Price / SF$155.61
Days on Market51
Property Features for 17885 Valley View Drive #104 & 105
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Commercial
Zoning
Business/Commercial, Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
No
Warehouse & Industrial
Clear Height
21 ft
Warehouse Space
3,920 SF
Power
100 amps
Three-Phase Power
Yes
Sprinkler System
Yes
Amenities
Private rest room
Building Details
Year Built
2025
Stories
1
Units
2
Listing Agency:
Edina Realty, Inc.
(612) 709-1555
Listed By:
Yvonne Perkins · License #731479
(612) 709-1555
Source:
Juverealestate
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 20 at 5:38AM
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.
Built in 2025, this warehouse condo facility offers a 3,920-square-foot configuration comprising two units. The insulated space is heated and includes a private restroom, 14-by-14-foot overhead door, 21-foot ceiling height, LED lighting, 100-amp three-phase power, a fan, hose bib, floor drain, and overhead sprinklers. Options are available to add a 28-by-16-foot or 28-by-24-foot mezzanine.
The property is located at 17885 Valley View Drive in Jordan, just south of Shakopee. Highway 169 access is available through the new Bluff Drive Overpass or Jordan’s new interchange. Valley View Road is scheduled to be paved in fall 2026, and the site overlooks Sand Creek.
Fenced outside storage spaces measuring 2,470 square feet are also available for purchase. Additional development lots range from 2.97 acres to 8.83 acres, with lot sizes adjustable above 2.97 acres.
The property is located at 17885 Valley View Drive in Jordan, just south of Shakopee. Highway 169 access is available through the new Bluff Drive Overpass or Jordan’s new interchange. Valley View Road is scheduled to be paved in fall 2026, and the site overlooks Sand Creek.
Fenced outside storage spaces measuring 2,470 square feet are also available for purchase. Additional development lots range from 2.97 acres to 8.83 acres, with lot sizes adjustable above 2.97 acres.
Key Highlights
- 3,920 sq. ft. configuration consisting of 2 units
- 14‑by‑14‑foot overhead door and 21‑foot ceiling height
- Insulated, heated space with private restroom
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
$51,711
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
8.48%
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%
$1,034,220
$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
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
$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 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%
$1,034,220
Cap Rate 7%
$738,729
Cap Rate 9%
$574,567
Alternative Uses
Best Use
Warehouse
$738.7K
$646.4K – $861.9K
NOI $51,711 @ 7.0% cap · market cap 8.48%
Second Best
Flex RnD
$622.4K
$544.6K – $726.2K
NOI $43,571 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$935.2K
$818.3K – $1.09M
NOI $65,466 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Insulated, heated commercial units include private restrooms and overhead doors for flexible storage or operational use.
Where is this warehouse located?
The property is located at 17885 Valley View Drive #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 sq. ft. configuration consisting of 2 units; 14‑by‑14‑foot overhead door and 21‑foot ceiling height; Insulated, heated space with private restroom
