Insulated Warehouse Storage
24947 Larson Ln Lakeville, MN 55044
For Sale
Contact for pricing
New insulated, heated steel buildings with two drive-through bays and overhead sprinklers.
Property Size1,960 SF
Price / SF$144.59
Days on Market71
Property Features for 24947 Larson Ln
General Information
Standard status
Active
Size
1,960 SF
Property subtype
INDUSTRIAL
Listing Agency:
RE/MAX Advantage Plus - Savage
(507) 381-9920
Listed By:
Rebecca Thate · License #20422215
(507) 381-9920
Source:
Moodyscre
Added: May 20
Changed: Jul 26
Last Checked: Jul 28 at 3:20PM
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 RE/MAX Advantage Plus - Savage
Investment Insights
Based on property information with market context.
This newly constructed warehouse and storage property in Field Stone Industrial Park features insulated, heated steel buildings designed for storage and light shop use. Each unit includes drive-through capacity with two 14 x 14 overhead doors with openers, along with LED lighting, ceiling fans, hose bib, and overhead sprinklers. The space is supported by 6-inch reinforced concrete floors and over 21-foot ceilings, with (2) 100 amp three-phase power and 4-amp circuits.
The property is described as located on paved roads within Field Stone Industrial Park, and it offers options including mezzanines sized 16 x 28 or 24 x 28, as well as bathrooms.
Additional site and unit configuration details beyond the listed improvements, options, and building features are not provided in the remarks.
The property is described as located on paved roads within Field Stone Industrial Park, and it offers options including mezzanines sized 16 x 28 or 24 x 28, as well as bathrooms.
Additional site and unit configuration details beyond the listed improvements, options, and building features are not provided in the remarks.
Key Highlights
- New insulated and heated steel buildings in Field Stone Industrial Park on paved roads
- Drive‑through capacity with two 14 x 14 overhead doors, each with an opener
- Overhead sprinklers with LED lighting, hose bib, and ceiling fan
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $16.20 |
| − Vacancy | −$1.3k | −$0.68 |
| EGI | $30.4k | $15.52 |
| − OpEx | −$4.6k | −$2.33 |
| NOI | $25.9k | $13.19 |
1,960 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$369.4K
$323.2K – $430.9K
NOI $25,856 @ 7.0% cap · market cap 9.12%
Second Best
Self Storage
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 6.62%
Theoretical Best
Healthcare Medical
$482.3K
$422.0K – $562.7K
NOI $33,763 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - New insulated, heated steel buildings with two drive-through bays and overhead sprinklers.
Where is this self storage facility located?
The property is located at 24947 Larson Ln Lakeville, MN.
What is the asking price?
The asking price for this property is $283,400.
What are key features of this property?
This property features: New insulated and heated steel buildings in Field Stone Industrial Park on paved roads; Drive‑through capacity with two 14 x 14 overhead doors, each with an opener; Overhead sprinklers with LED lighting, hose bib, and ceiling fan
