Building Details

Year built 1982

Listing Agency: RE/MAX Advantage Plus · RE/MAX International k***@therealestateadvantage.com Show Phone

Listed By: Mark P. Abdel Show Phone

Added: Sep 17 Last Checked: Sep 25 at 12:06AM

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MLS# 7146174

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 2525 Nevada Avenue N in Golden Valley, this light-industrial manufacturing property provides approximately 2,400 square feet arranged for production and business operations. The interior includes approximately 1,800 square feet of warehouse and manufacturing area alongside 600 square feet of office, reception, and kitchen space. The property was renovated in 2024 with a new sprinkler system, HVAC, 3-phase power, and double clear-coat epoxy flooring.

High ceilings and one loading dock support shipping, receiving, and equipment handling. The space is currently used for CNC and light manufacturing and is zoned for light industrial manufacturing. Shared amenities include access to four community bathrooms and two community conference rooms. The property is located in Golden Valley, MN, within Hennepin County.

Key Highlights

• Approximately 2,400 square feet with 1,800 square feet of warehouse/manufacturing area and 600 square feet of office space
• Renovated in 2024 with new sprinkler system, HVAC, 3‑phase power, and double clear‑coat epoxy flooring
• Zoned for light industrial manufacturing and currently used for CNC and light manufacturing

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

$31,660

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

7.04%

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%

$633,200 $633.2K

Cap Rate 7%

$452,286 $452.3K

Cap Rate 9%

$351,778 $351.8K

Market Conditions

NOI Build-Up for 2,400 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

$38.9K $16.20/SF

− Vacancy

−$1.6K −$0.68/SF

EGI

$37.2K $15.52/SF

− OpEx

−$5.6K −$2.33/SF

NOI

$31.7K $13.19/SF

Area

Hennepin 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%

$633,200

Cap Rate 7%

$452,286

Cap Rate 9%

$351,778

Alternative Uses

Best Use

Warehouse

$452.3K

$395.8K – $527.7K (±1% cap)

NOI $31,660 @ 7.0% cap · market cap 7.04%

Second Best

Industrial

$372.5K

$325.9K – $434.6K (±1% cap)

NOI $26,073 @ 7.0% cap · market cap 5.79%

Theoretical Best

Office A

$572.6K

$501.0K – $668.0K (±1% cap)

NOI $40,081 @ 7.0% cap · market cap 8.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Restaurant Dental Office Law Firm Real Estate Agency Auto Parts Store Nail Salon

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

1

Dock-high doors

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

535

Businesses Nearby

Explore this area Business Placement

Demographics for 55427, MN

24,353

Population

10,788

Households

2.3

Avg Household Size

39

Median Age

49%

College-Educated

95%

High-School Grad

7.2 sq mi

ZIP Area

3,382

Density / Sq Mi

$92,013

Median Household Income

$53,808

Median Earnings

$1,443

Median Rent

$341,700

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

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What type of property is this? Where is this manufacturing properties 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?

Manufacturing property - Updated light-industrial space combines production capacity with dedicated office, reception, and kitchen areas.

Where is this manufacturing property located?

The property is located at 2525 Nevada Avenue N Golden Valley, MN.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Approximately 2,400 square feet with 1,800 square feet of warehouse/manufacturing area and 600 square feet of office space; Renovated in 2024 with new sprinkler system, HVAC, 3‑phase power, and double clear‑coat epoxy flooring; Zoned for light industrial manufacturing and currently used for CNC and light manufacturing