Plymouth Industrial Flex Space
For Sale
$2,300,000
2730 Niagara Lane North, Plymouth, MN 55447
13,100 SF flex building with office and warehouse space.
Property Size13,100 SF
Lot Size1.00 Acre
Price / SF$175.57
Days on Market149
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
Changed: Aug 14
Last Checked: Aug 20 at 8:47AM
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
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
$142,315
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
6.19%
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%
$2,846,300
$2.8M
Cap Rate 7%
$2,033,071
$2.0M
Cap Rate 9%
$1,581,278
$1.6M
Market Conditions
NOI Build-Up for 13,100 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
$212.2K $16.20/SF
− Vacancy
−$8.9K −$0.68/SF
EGI
$203.3K $15.52/SF
− OpEx
−$61.0K −$4.66/SF
NOI
$142.3K $10.86/SF
Area
Hennepin 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 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%
$2,846,300
Cap Rate 7%
$2,033,071
Cap Rate 9%
$1,581,278
Alternative Uses
Best Use
Industrial
$2.03M
$1.78M – $2.37M
NOI $142,315 @ 7.0% cap · market cap 6.19%
Second Best
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $107,902 @ 7.0% cap · market cap 4.69%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55447, MN
21,357
Population
8,997
Households
2.4
Avg Household Size
40
Median Age
61%
College-Educated
98%
High-School Grad
8.9 sq mi
ZIP Area
2,400
Density / Sq Mi
$128,781
Median Household Income
$67,706
Median Earnings
$1,663
Median Rent
$454,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Forsters Catering — 3320 Lanewood Ln N, Plymouth, MN 55447
Frequently Asked Questions
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
