Building Details

Buildings 1

Building Size 6,644 SF

Tenancy Single

Listing Agency: Brait Capital Show Phone

Listed By: Mark Ruchko · License #40651219 Show Phone

Source: Moodyscre

Added: Jul 28 Changed: Oct 28 Last Checked: Oct 28 at 11:13AM

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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 Brait Capital

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Investment Insights

Based on property information with market context.

Located at 20454 Hwy 65 NE in East Bethel, MN, this single-tenant flex space is positioned for strong visibility along Highway 65 NE. The property includes a 6,644 SF building on a 2.41-acre site, with approximately 206 feet of frontage and direct access from Highway 65 NE.

The space is described as having flexible commercial layouts, supported by ample on-site parking. The site is positioned for tenant uses such as retail, showroom, office, automotive, or service, and it’s also presented as a conversion opportunity for retail, industrial, or redevelopment applications.

Zoned B-2 General Commercial, the property is situated within a well-traveled commercial corridor and an expanding East Bethel trade area. The combination of highway frontage, parking, and conversion flexibility supports interest from owner-users and investors seeking a property with multiple use pathways.

Key Highlights

• 6,644 SF single‑tenant flex space
• 2.41‑acre site with ample on‑site parking
• Approximately 206 feet of frontage on Highway 65 NE

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,179

Cap Rate

8.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,443,580 $1.4M

Cap Rate 7%

$1,031,129 $1.0M

Cap Rate 9%

$801,989 $802.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,644 SF

Gross rent

$107.6K $16.20/SF

− Vacancy

−$4.5K −$0.68/SF

EGI

$103.1K $15.52/SF

− OpEx

−$30.9K −$4.66/SF

NOI

$72.2K $10.86/SF

Area

Anoka County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,443,580

Cap Rate 7%

$1,031,129

Cap Rate 9%

$801,989

Alternative Uses

Best Use

Industrial

$1.03M

$902.2K – $1.20M (±1% cap)

NOI $72,179 @ 7.0% cap · market cap 8.71%

Second Best

Flex RnD

$661.1K

$578.5K – $771.3K (±1% cap)

NOI $46,278 @ 7.0% cap · market cap 5.58%

Theoretical Best

Office A

$1.85M

$1.61M – $2.15M (±1% cap)

NOI $129,185 @ 7.0% cap · market cap 15.58%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store Plumbing Service Furniture & Home Goods

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

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55011, MN

10,517

Population

4,060

Households

2.6

Avg Household Size

42

Median Age

26%

College-Educated

96%

High-School Grad

45.9 sq mi

ZIP Area

229

Density / Sq Mi

$126,957

Median Household Income

$61,011

Median Earnings

$1,932

Median Rent

$380,000

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

Frequently Asked Questions

What type of property is this?

Flex space - Single-tenant flex space zoned B-2 with on-site parking and adaptable layouts for retail, office, or service uses.

Where is this flex space located?

The property is located at 20454 Hwy 65 NE East Bethel, MN.

What is the asking price?

The asking price for this property is $829,000.

What are key features of this property?

This property features: 6,644 SF single‑tenant flex space; 2.41‑acre site with ample on‑site parking; Approximately 206 feet of frontage on Highway 65 NE