Vadnais Heights Industrial
For Sale
Contact for pricing
400 Commerce Ct, Vadnais Heights, MN
Industrial building for sale in Vadnais Heights, Minnesota.
Property Size14,010 SF
Lot Size1.69 Acres
Price / SF$142.40
Days on Market883
Property Features for 400 Commerce Ct
General Information
Standard status
Active
Size
14,010 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cetra Partners
(612) 599-7864
Listed By:
Dan Friedner
(612) 599-7864
Source:
Moodyscre
Added: Mar 13, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:15PM
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 Cetra Partners
Investment Insights
Based on property information with market context.
Located in Vadnais Heights, Minnesota, the industrial building at 400 Commerce Court offers approximately 14,010 square feet of space on a 1.69-acre lot. The property benefits from its central location with convenient access to Highway 96, Interstate 35E, and Interstate 694. The building features a roof that was restored in 2017, along with five AC roof top units. It also includes an air exhaust handler and air compressor. The property offers a future expansion opportunity and heavy power.
Key Highlights
- Convenient access to Highway 96, Interstate 35E, and Interstate 694.
- Future expansion opportunity on 1.69 acres.
- Heavy power capabilities.
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
$152,201
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
7.63%
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%
$3,044,020
$3.0M
Cap Rate 7%
$2,174,300
$2.2M
Cap Rate 9%
$1,691,122
$1.7M
Market Conditions
NOI Build-Up for 14,010 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
$227.0K $16.20/SF
− Vacancy
−$9.5K −$0.68/SF
EGI
$217.4K $15.52/SF
− OpEx
−$65.2K −$4.66/SF
NOI
$152.2K $10.86/SF
Area
Ramsey 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%
$3,044,020
Cap Rate 7%
$2,174,300
Cap Rate 9%
$1,691,122
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,815 @ 7.0% cap · market cap 9.26%
Second Best
Industrial
$2.17M
$1.90M – $2.54M
NOI $152,201 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,975 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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?
Warehouse - Industrial building for sale in Vadnais Heights, Minnesota.
Where is this warehouse located?
The property is located at 400 Commerce Ct Vadnais Heights, 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: Convenient access to Highway 96, Interstate 35E, and Interstate 694.; Future expansion opportunity on 1.69 acres.; Heavy power capabilities.
