Flex
New
For Sale
$849,000
3986 Alabama Ave S, Saint Louis Park, MN 55416
A 1956-built property offers a flexible office and warehouse configuration.
Property Size4,988 SF
Days on Market5
Property Features for 3986 Alabama Ave S
General Information
Standard status
Active
Size
4,988 SF
Property subtype
Industrial
Building Details
Building Size
4,988 SF
Year Built
1956
Listing Agency:
Results Commercial
Listed By:
Mark Hulsey · License #40169559
(651) 755-2068
Source:
Resultscommercial
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 26 at 1:39PM
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 Results Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property was built in 1956 and is described as combining office and warehouse space. Its stated configuration supports a range of commercial space needs.
Key Highlights
- Office and warehouse space
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,800
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,000
$1.3M
Cap Rate 7%
$940,000
$940.0K
Cap Rate 9%
$731,111
$731.1K
Market Conditions
NOI Build-Up for 4,988 SF
Gross rent
$80.8K $16.20/SF
− Vacancy
−$3.4K −$0.68/SF
EGI
$77.4K $15.52/SF
− OpEx
−$11.6K −$2.33/SF
NOI
$65.8K $13.19/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,000
Cap Rate 7%
$940,000
Cap Rate 9%
$731,111
Alternative Uses
Best Use
Warehouse
$940.0K
$822.5K – $1.10M
NOI $65,800 @ 7.0% cap · market cap 7.75%
Second Best
Industrial
$774.1K
$677.4K – $903.1K
NOI $54,188 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,302 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,608
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Lunds & Byerlys Catering — 3777 Park Center Blvd, St Louis Park, MN 55416
Frequently Asked Questions
What type of property is this?
Flex space - A 1956-built property offers a flexible office and warehouse configuration.
Where is this flex space located?
The property is located at 3986 Alabama Ave S Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Office and warehouse space; Built in 1956
