Plymouth Industrial Flex Space
2730 Niagara Lane North Plymouth, MN 55447
2730 Niagara Lane North, Plymouth, MN, 55447
$2,300,000
For Sale
$2,300,000
13,100 SF flex building with office and warehouse space.
Property Size13,100 SF
Lot Size1.00 Acre
Price / SF$175.57
Days on Market120
Property Features for 2730 Niagara Lane North
General Information
- Standard status
- Active
- Size
- 13,100 SF
- Lot size
- 1.00 Acre
- Property subtype
- Industrial
Listing agency
CBRE - Minnesota
(952) 924-4827
Listed by
Rick Graf
(952) 924-4827
Source
Cbre
Added: Mar 25 Updated: Jul 10 at 3:51PM Checked: Jul 22 at 3:28AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
This 13,100 square foot building features 4,600 square feet of office space across two levels and 8,500 square feet of warehouse space. Constructed in 1979, the building has a block exterior and is zoned I-2 General Industrial. The warehouse area has a clear height of 16 feet and includes an oversize dock. The building is equipped with a sprinkling system and utilizes forced head and radiant tube heaters in the shop area. Power is supplied by a 440V/800 amp/3 phase electrical system. The property includes over 20 parking spaces and is situated on one acre of land. Taxes are $39,908, which equates to $3.04 per square foot.
Key Highlights
- 8,500 SF Warehouse space
- Benefit from 4,600 SF Office space on two levels
- Oversize Dock and Dock for easy loading
Local 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 | $212.2k | $16.20 |
| − Vacancy | −$8.9k | −$0.68 |
| EGI | $203.3k | $15.52 |
| − OpEx | −$30.5k | −$2.33 |
| NOI | $172.8k | $13.19 |
13,100 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,811 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,315 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$3.13M
$2.73M – $3.65M
NOI $218,777 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Forsters Catering — 3320 Lanewood Ln N, Plymouth, MN 55447
FAQs
What type of property is this?
Flex space - 13,100 SF flex building with office and warehouse space.
Where is this flex space located?
The property is located at 2730 Niagara Lane North Plymouth, MN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8,500 SF Warehouse space; Benefit from 4,600 SF Office space on two levels; Oversize Dock and Dock for easy loading
