Flex Space with Loading
2525 Nevada Avenue N #304, Golden Valley, MN 55427
For Sale
$450,000
A 2024 renovation updated the production area and office accommodations, with shared bathrooms and conference rooms also available.
Property Size2,400 SF
Price / SF$187.50
Days on Market54
Property Features for 2525 Nevada Avenue N #304
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Three-Phase Power
Sprinkler System
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Community bathrooms
Community conference rooms
Building Details
Year Built
Year Renovated
Stories
Units
Listing Agency:
RE/MAX Advantage Plus
(952) 226-7700
Listed By:
Mark P. Abdel
(651) 283-8251
Source:
Hewittjacksonrealestate
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 8 at 6:03PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property offers approximately 2,400 square feet, divided between approximately 1,800 square feet of warehouse and manufacturing area and 600 square feet for offices, reception, and a kitchen. The 2024 renovation added HVAC, a sprinkler system, 3-phase power, and double clear-coat epoxy flooring. High ceilings and a loading dock support shipping and receiving. The property is zoned Industrial and is currently used for CNC and light manufacturing.
Shared building amenities include access to four community bathrooms and two conference rooms. The address is 2525 Nevada Avenue N #304 in Golden Valley, Minnesota.
Shared building amenities include access to four community bathrooms and two conference rooms. The address is 2525 Nevada Avenue N #304 in Golden Valley, Minnesota.
Key Highlights
- Approximately 2,400 square feet total, including approximately 1,800 square feet of warehouse/manufacturing area and 600 square feet of office, reception, and kitchen space
- Renovated in 2024 with HVAC, a sprinkler system, 3‑phase power, and double clear‑coat epoxy flooring
- One loading dock and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,660
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
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
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 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
NOI $31,660 @ 7.0% cap · market cap 7.04%
Second Best
Industrial
$372.5K
$325.9K – $434.6K
NOI $26,073 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,081 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
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
Properties on Market for Flex space in Hennepin County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A 2024 renovation updated the production area and office accommodations, with shared bathrooms and conference rooms also available.
Where is this flex space located?
The property is located at 2525 Nevada Avenue N #304 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 total, including approximately 1,800 square feet of warehouse/manufacturing area and 600 square feet of office, reception, and kitchen space; Renovated in 2024 with HVAC, a sprinkler system, 3‑phase power, and double clear‑coat epoxy flooring; One loading dock and high ceilings
