Industrial Building with Outdoor
For Sale
Contact for pricing
3005 Niagara Ln N, Plymouth, MN 55447
Industrial building with ample loading, yard, and flexible zoning.
Property Size29,400 SF
Price / SF$158.16
Days on Market101
Property Features for 3005 Niagara Ln N
General Information
Standard status
Active
Size
29,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Minnesota
(952) 924-4600
Listed By:
Blake Hastings
(952) 924-4600
Source:
Moodyscre
Added: May 19
Changed: Aug 9
Last Checked: Aug 26 at 2:09PM
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 industrial building offers a rare opportunity with outdoor storage capabilities. The property features ample loading areas and a spacious yard. Its location provides visibility from Highway 55, ensuring easy access to major thoroughfares. The flexible zoning accommodates a number of different uses. On-site parking is plentiful, and there are signage opportunities available. The building has a size of 29400 square feet.
Key Highlights
- Prime location with visibility off Hwy 55 and easy access to major thoroughfares.
- Hard to find industrial building with outdoor storage.
- Ample loading and yard space.
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
$319,393
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
6.87%
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%
$6,387,860
$6.4M
Cap Rate 7%
$4,562,757
$4.6M
Cap Rate 9%
$3,548,811
$3.5M
Market Conditions
NOI Build-Up for 29,400 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
$476.3K $16.20/SF
− Vacancy
−$20.0K −$0.68/SF
EGI
$456.3K $15.52/SF
− OpEx
−$136.9K −$4.66/SF
NOI
$319.4K $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%
$6,387,860
Cap Rate 7%
$4,562,757
Cap Rate 9%
$3,548,811
Alternative Uses
Best Use
Industrial
$4.56M
$3.99M – $5.32M
NOI $319,393 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,996 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with ample loading, yard, and flexible zoning.
Where is this industrial property located?
The property is located at 3005 Niagara Ln N Plymouth, MN.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Prime location with visibility off Hwy 55 and easy access to major thoroughfares.; Hard to find industrial building with outdoor storage.; Ample loading and yard space.
