Industrial Flex Facility with Multiple
For Sale
Contact for pricing
3715 50th Ave N, Brooklyn Center, MN 55429
Industrial facility built in 1952 with three bays, rubber roof, and multiple loading plus convenient parking.
Property Size20,266 SF
Price / SF$98.44
Days on Market53
Property Features for 3715 50th Ave N
General Information
Standard status
Active
Size
20,266 SF
Property subtype
INDUSTRIAL
Listing Agency:
Arrow Real Estate Corp.
(763) 424-6355
Listed By:
Chad Weeks
(612) 619-9911
Source:
Moodyscre
Added: Jul 25
Changed: Sep 12
Last Checked: Sep 14 at 12:46PM
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 Arrow Real Estate Corp.
Investment Insights
Based on property information with market context.
This industrial flex facility offers a practical combination of warehouse, production, and showroom-ready space within a masonry structure built in 1952. The roof is described as rubber, designed for durability, and the building is configured in three distinct bays to support a range of operational layouts.
The property sits on 0.69 acres and includes multiple loading options and convenient parking. It is also positioned close to major highways and is described as having strong access to the metro area.
As an owner-user or business needing an adaptable industrial building, the three-bay layout and loading flexibility are intended to support distribution, light manufacturing, and service business uses.
The property sits on 0.69 acres and includes multiple loading options and convenient parking. It is also positioned close to major highways and is described as having strong access to the metro area.
As an owner-user or business needing an adaptable industrial building, the three-bay layout and loading flexibility are intended to support distribution, light manufacturing, and service business uses.
Key Highlights
- 20,266 SF industrial facility with three distinct bays on 0.69 acres
- Built in 1952 with durable masonry construction and a rubber roof
- Versatile layout suited for warehouse, production, distribution, light manufacturing, service businesses, or owner‑users
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
$166,927
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
8.37%
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%
$3,338,540
$3.3M
Cap Rate 7%
$2,384,671
$2.4M
Cap Rate 9%
$1,854,744
$1.9M
Market Conditions
NOI Build-Up for 20,266 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
$291.8K $14.40/SF
− Vacancy
−$35.0K −$1.73/SF
EGI
$256.8K $12.67/SF
− OpEx
−$89.9K −$4.44/SF
NOI
$166.9K $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 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%
$3,338,540
Cap Rate 7%
$2,384,671
Cap Rate 9%
$1,854,744
Alternative Uses
Best Use
Industrial
$3.15M
$2.75M – $3.67M
NOI $220,164 @ 7.0% cap · market cap 11.04%
Second Best
Flex RnD
$2.38M
$2.09M – $2.78M
NOI $166,927 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$4.84M
$4.23M – $5.64M
NOI $338,453 @ 7.0% cap · market cap 16.97%
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
196
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55429, MN
28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
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?
Flex space - Industrial facility built in 1952 with three bays, rubber roof, and multiple loading plus convenient parking.
Where is this flex space located?
The property is located at 3715 50th Ave N Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 20,266 SF industrial facility with three distinct bays on 0.69 acres; Built in 1952 with durable masonry construction and a rubber roof; Versatile layout suited for warehouse, production, distribution, light manufacturing, service businesses, or owner‑users
