408-940 Mckinley Pkwy Delano, MN
Private units customizable as office, warehouse, showroom, or garage.
- Added:
- Mar 24, 2026
- Days on Market:
- 110
- Last Refresh:
- Jul 4 at 12:33 am
Property Features for 408-940 Mckinley Pkwy
General Information
- Standard status
- Active
- Size
- 1,568 SF
Listing office eXp Realty (612) 695-0167
Listing date Mar 24, 2026
Source Exprealty
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 eXp Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Customizable for office/warehouse, workshop, showroom, or car cave/dream garage.
- Potential to add a mezzanine level for 1,568+ SF of total space.
- High‑quality construction with 5” concrete floors and 20’ high ceilings.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $16.20 |
| − Vacancy | −$1.1k | −$0.68 |
| EGI | $24.3k | $15.52 |
| − OpEx | −$3.7k | −$2.33 |
| NOI | $20.7k | $13.19 |
Alternative Uses
Property Analytics
Current Use by Public Records
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