Self-Storage Unit with Overhead
New
For Sale
$79,900
33703 Antler Rd Unit 2, Crosslake, MN 56442
Cold-storage unit with overhead and service doors plus shared bathrooms and kitchen.
Property Size800 SF
Price / SF$99.88
Days on Market5
Property Features for 33703 Antler Rd Unit 2
General Information
Standard status
Active
Size
800 SF
Warehouse & Industrial
Trailer Parking
1
Cold Storage
Yes
Cold Storage Area
800 SF
Amenities
bathrooms
kitchen area
water access
Building Details
Year Built
2021
Listing Agency:
Edina Realty, Inc.
Listed By:
Kevin Kruchten
(218) 251-4949
Source:
Homesminn
Added: Sep 10
Last Checked: Sep 14 at 1:10PM
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 Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This 800-square-foot cold-storage unit at Antler Business Park measures 50 x 16 and was built in 2021. The unit includes a 12 x 12 overhead door with opener, a separate service door, an in-unit electrical panel, a concrete apron, and a paved drive.
Shared building amenities include bathrooms and a kitchen area. Water is available on the east end of the building for washing items before storage. The unit also includes 1 additional Summertime outside parking spot for licensed trailers and campers. The property is located at 33703 Antler Rd Unit 2 in Cross Lake, MN.
Shared building amenities include bathrooms and a kitchen area. Water is available on the east end of the building for washing items before storage. The unit also includes 1 additional Summertime outside parking spot for licensed trailers and campers. The property is located at 33703 Antler Rd Unit 2 in Cross Lake, MN.
Key Highlights
- 800‑square‑foot cold‑storage unit measuring 50 x 16
- 12 x 12 overhead door with opener and separate service door
- In‑unit electrical panel, concrete apron, and paved drive
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
$7,022
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
8.79%
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%
$140,440
$140.4K
Cap Rate 7%
$100,314
$100.3K
Cap Rate 9%
$78,022
$78.0K
Market Conditions
NOI Build-Up for 800 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
$10.6K $13.20/SF
− Vacancy
−$528 −$0.66/SF
EGI
$10.0K $12.54/SF
− OpEx
−$3.0K −$3.76/SF
NOI
$7.0K $8.78/SF
Area
Crow Wing County, MN
Vacancy
5.00%
Lease Rate
$13.20 /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%
$140,440
Cap Rate 7%
$100,314
Cap Rate 9%
$78,022
Alternative Uses
Best Use
Self Storage
$100.3K
$87.8K – $117.0K
NOI $7,022 @ 7.0% cap · market cap 8.79%
Second Best
Warehouse
$81.3K
$71.2K – $94.9K
NOI $5,692 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$169.8K
$148.6K – $198.2K
NOI $11,889 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 56442, MN
2,720
Population
3,415
Households
0.8
Avg Household Size
60
Median Age
34%
College-Educated
96%
High-School Grad
35.2 sq mi
ZIP Area
77
Density / Sq Mi
$85,179
Median Household Income
$45,481
Median Earnings
$1,071
Median Rent
$534,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Cold-storage unit with overhead and service doors plus shared bathrooms and kitchen.
Where is this self storage facility located?
The property is located at 33703 Antler Rd Unit 2 Crosslake, MN.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 800‑square‑foot cold‑storage unit measuring 50 x 16; 12 x 12 overhead door with opener and separate service door; In‑unit electrical panel, concrete apron, and paved drive
