334 County Road 81, Osseo, MN 55369

Building Details

Building Size 31,243 SF More

Listing Agency: GJG Commercial

Listed By: Chris Missling · License #MN 40756935 Show Phone

Source: Crexi

Added: Sep 27 Changed: Nov 8 Last Checked: Nov 8 at 3:12PM

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Investment Insights

Based on property information with market context.

At 334 County Road 81 in Osseo, this flex property contains ±31243 SF, including approximately 8931 SF of warehouse area. The balance is configured as showroom space, bringing display and storage functions together within the same commercial property. The layout is described as suitable for retail, showroom, and industrial users.

County Road 81, also known as Bass Lake Road, connects Osseo with Brooklyn Park, New Hope, and Maple Grove. The property has access to Interstate 94, Highway 610, and Highway 169, providing regional connections across the Twin Cities metro. Maple Grove’s retail corridor lies to the west, while Brooklyn Park’s residential and employment base is to the east.

Key Highlights

• ±31243 SF commercial flex property
• Approximately 8931 SF of warehouse space
• Expansive showroom area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$257,342

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,146,840 $5.1M

Cap Rate 7%

$3,676,314 $3.7M

Cap Rate 9%

$2,859,356 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 31,243 SF

Gross rent

$449.9K $14.40/SF

− Vacancy

−$54.0K −$1.73/SF

EGI

$395.9K $12.67/SF

− OpEx

−$138.6K −$4.44/SF

NOI

$257.3K $8.24/SF

Area

Hennepin County, MN

Vacancy

12.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,146,840

Cap Rate 7%

$3,676,314

Cap Rate 9%

$2,859,356

Alternative Uses

Best Use

Warehouse

$5.89M

$5.15M – $6.87M (±1% cap)

NOI $412,147 @ 7.0% cap · market cap 11.98%

Second Best

Retail

$4.94M

$4.32M – $5.76M (±1% cap)

NOI $345,835 @ 7.0% cap · market cap 10.05%

Theoretical Best

Office A

$7.45M

$6.52M – $8.70M (±1% cap)

NOI $521,775 @ 7.0% cap · market cap 15.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 55369, MN

38,379

Population

16,732

Households

2.3

Avg Household Size

40

Median Age

51%

College-Educated

97%

High-School Grad

24.8 sq mi

ZIP Area

1,548

Density / Sq Mi

$112,541

Median Household Income

$64,532

Median Earnings

$1,792

Median Rent

$356,800

Median Home Value

Market

Properties on Market for Flex space in Hennepin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - The property combines customer-facing display space with warehouse capacity in one commercial layout.

Where is this flex space located?

The property is located at 334 County Road 81 Osseo, MN.

What is the asking price?

The asking price for this property is $3,440,000.

What are key features of this property?

This property features: ±31243 SF commercial flex property; Approximately 8931 SF of warehouse space; Expansive showroom area