Building Details

Year Built 2025

Units 2

Listing Agency: Edina Realty, Inc.

Listed By: Yvonne Perkins · License #731479 Show Phone

Source: Getyoumoved

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 2:24PM

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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.

Warehouse condominium units at Valley View Industrial Development are available in sizes from 1,960 to 3,920+ square feet. The insulated, heated spaces include two restrooms, LED lighting, a fan, hose bib, floor drain and overhead sprinklers. Each unit has two 14-by-14-foot overhead doors, a 21-foot ceiling and 100-amp, three-phase power. A mezzanine can be added as an option.

Separately, 2,470 square feet of fenced outdoor storage space is available for purchase. Valley View Road is scheduled for paving in fall 2026. Access to Hwy 169 is available via the Bluff Drive overpass or Jordan’s new interchange.

Key Highlights

• Warehouse units available from 1,960 to 3,920+ square feet
• Two 14‑by‑14‑foot overhead doors and a 21‑foot ceiling
• 100‑amp, three‑phase power; heated and insulated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,711

Cap Rate

8.55%

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

Is this asking price fair?

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 8.55%

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 10.82%

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

Property Analytics

Current Use

Warehouses

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

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?

Warehouse - Insulated units offer heated warehouse space with overhead sprinklers and three-phase power.

Where is this warehouse located?

The property is located at 17885 Valley View Drive #108 & 113 Jordan, MN.

What is the asking price?

The asking price for this property is $605,000.

What are key features of this property?

This property features: Warehouse units available from 1,960 to 3,920+ square feet; Two 14‑by‑14‑foot overhead doors and a 21‑foot ceiling; 100‑amp, three‑phase power; heated and insulated