Divisible Warehouse with
3201 E River Rd NE Rochester, MN 55906
3201 E River Rd NE, Rochester, MN, 55906
$1,400,000
For Sale
$1,400,000
Divisible flex/warehouse space with drive-in doors, front office/reception, and yard with outdoor storage and parking.
Property Size13,312 SF
Lot Size1.52 Acres
Price / SF$105.17
Days on Market154
Property Features for 3201 E River Rd NE
General Information
- Standard status
- Active
- Size
- 13,312 SF
- Lot size
- 1.52 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1965
Properties For Sale
at 3201 E River Rd NE Contact us
Listing agency
Realty Growth Inc
(507) 951-7130
Listed by
Bucky Beeman
(507) 951-7130
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 8:06PM Checked: Jul 21 at 8:06PM
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 Realty Growth Inc
Investment Insights
Based on property information with market context.
This property offers flexible warehouse and office space that is easily divisible to accommodate multiple tenants. The warehouse areas are accessible through drive-in doors facing both North and South, supporting practical loading and operations. The front portion of the building includes office space along with a spacious reception area.
The site includes outdoor storage and yard space on approximately 1.52 acres with ample parking. The property is located off 37th Street NW, directly south of the intersection of E River Road and 37th Street NW, and is on the west side of E Center Drive, positioned behind Safe-N-Secure Storage.
With drive-in access, built-in office and reception space, and dedicated outdoor storage/yard area, the layout supports a range of industrial and light commercial uses for an owner or tenant seeking a flexible, divisible facility.
The site includes outdoor storage and yard space on approximately 1.52 acres with ample parking. The property is located off 37th Street NW, directly south of the intersection of E River Road and 37th Street NW, and is on the west side of E Center Drive, positioned behind Safe-N-Secure Storage.
With drive-in access, built-in office and reception space, and dedicated outdoor storage/yard area, the layout supports a range of industrial and light commercial uses for an owner or tenant seeking a flexible, divisible facility.
Key Highlights
- 1965‑built flex/warehouse building with 13,312+ sqft of space, and divisible for multiple tenants
- Drive‑in doors on both the north and south sides provide direct warehouse access
- Front office area plus spacious reception area
Local Financial Insights For Flex RnD
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 | $175.7k | $13.20 |
| − Vacancy | −$7.9k | −$0.59 |
| EGI | $167.8k | $12.61 |
| − OpEx | −$58.7k | −$4.41 |
| NOI | $109.1k | $8.19 |
13,312 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.50M
$3.07M – $4.09M
NOI $245,307 @ 7.0% cap · market cap 17.52%
Second Best
Flex RnD
$1.56M
$1.36M – $1.82M
NOI $109,077 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$5.13M
$4.49M – $5.98M
NOI $358,900 @ 7.0% cap · market cap 25.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Hy-Vee Catering — 500 37th St NW, Rochester, MN 55901
FAQs
What type of property is this?
Flex space - Divisible flex/warehouse space with drive-in doors, front office/reception, and yard with outdoor storage and parking.
Where is this flex space located?
The property is located at 3201 E River Rd NE Rochester, MN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1965‑built flex/warehouse building with 13,312+ sqft of space, and divisible for multiple tenants; Drive‑in doors on both the north and south sides provide direct warehouse access; Front office area plus spacious reception area
