Burnsville Industrial Building For
For Sale
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3550 West 145th St, Burnsville, MN 55306
Industrial building in Burnsville with flexible zoning and ample parking.
Property Size14,717 SF
Price / SF$156.28
Days on Market99
Property Features for 3550 West 145th St
General Information
Standard status
Active
Size
14,717 SF
Property subtype
INDUSTRIAL
Listing Agency:
Transwestern
(952) 897-7786
Listed By:
Bryan Beltrand
(952) 897-7786
Source:
Moodyscre
Added: May 26
Changed: Aug 16
Last Checked: Aug 31 at 4:00PM
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 Transwestern
Investment Insights
Based on property information with market context.
This industrial building features a clear height of 20 feet. It includes three overhead doors and two docks. The zoning is I-3: Office & Industrial Park, offering flexibility for various uses. There are 38 parking spaces available. The property was previously multi-tenant. It is located close to retail and service amenities. The real estate taxes for 2026 are $53,828. The building has a total area of 14,717 square feet.
Key Highlights
- Hard to find industrial building
- Flexible I‑3 zoning
- Clear Height 20'
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
$159,881
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
6.95%
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%
$3,197,620
$3.2M
Cap Rate 7%
$2,284,014
$2.3M
Cap Rate 9%
$1,776,456
$1.8M
Market Conditions
NOI Build-Up for 14,717 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
$238.4K $16.20/SF
− Vacancy
−$10.0K −$0.68/SF
EGI
$228.4K $15.52/SF
− OpEx
−$68.5K −$4.66/SF
NOI
$159.9K $10.86/SF
Area
Dakota 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%
$3,197,620
Cap Rate 7%
$2,284,014
Cap Rate 9%
$1,776,456
Alternative Uses
Best Use
Industrial
$2.28M
$2.00M – $2.66M
NOI $159,881 @ 7.0% cap · market cap 6.95%
Second Best
Flex RnD
$1.89M
$1.65M – $2.21M
NOI $132,379 @ 7.0% cap · market cap 5.76%
Theoretical Best
Healthcare Medical
$3.62M
$3.17M – $4.23M
NOI $253,515 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55306, MN
16,984
Population
7,088
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
94%
High-School Grad
6.2 sq mi
ZIP Area
2,739
Density / Sq Mi
$98,012
Median Household Income
$50,120
Median Earnings
$1,610
Median Rent
$366,300
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?
Flex space - Industrial building in Burnsville with flexible zoning and ample parking.
Where is this flex space located?
The property is located at 3550 West 145th St Burnsville, 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: Hard to find industrial building; Flexible I‑3 zoning; Clear Height 20'
