Flex Space with Dock
New
For Sale
Contact for pricing
505 Randolph Ave, St Paul, MN 55102
TN-2 zoning supports office, commercial, retail, and mixed-use applications.
Property Size8,900 SF
Lot Size0.75 Acres
Price / SF$134.83
Days on Market5
Property Features for 505 Randolph Ave
General Information
Standard status
Active
Size
8,900 SF
Lot size
0.75 Acres
Property subtype
INDUSTRIAL
Zoning
TN-2
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
8,900 SF
Listing Agency:
Transwestern
(612) 343-4200
Listed By:
Eric Rapp · License #20080295
(612) 805-1808
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 10:52AM
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.
At 505 Randolph Avenue, this flex property combines office and warehouse space in an 8,900-square-foot building on a 0.75-acre site. A large dock platform, ample parking, and varied clear height support a range of operating configurations. The building and grounds are well maintained, and approximately 0.25 acres are available for outdoor storage.
The property sits in Saint Paul’s West Seventh corridor, near downtown, I-35E, shops, restaurants, and walking and bike paths. Its TN-2 designation allows office, commercial, retail, and mixed-use applications. The site also offers access to MSP International Airport.
The property sits in Saint Paul’s West Seventh corridor, near downtown, I-35E, shops, restaurants, and walking and bike paths. Its TN-2 designation allows office, commercial, retail, and mixed-use applications. The site also offers access to MSP International Airport.
Key Highlights
- 8,900 SF of office and warehouse space
- 0.75‑acre site with approximately 0.25 acres of outdoor storage
- Large dock platform and varied clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,687
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,933,740
$1.9M
Cap Rate 7%
$1,381,243
$1.4M
Cap Rate 9%
$1,074,300
$1.1M
Market Conditions
NOI Build-Up for 8,900 SF
Gross rent
$144.2K $16.20/SF
− Vacancy
−$6.1K −$0.68/SF
EGI
$138.1K $15.52/SF
− OpEx
−$41.4K −$4.66/SF
NOI
$96.7K $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 Rate 5%
$1,933,740
Cap Rate 7%
$1,381,243
Cap Rate 9%
$1,074,300
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,406 @ 7.0% cap · market cap 9.78%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,687 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,635 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55102, MN
20,355
Population
11,582
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
3.3 sq mi
ZIP Area
6,168
Density / Sq Mi
$74,143
Median Household Income
$54,042
Median Earnings
$1,295
Median Rent
$280,400
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 - TN-2 zoning supports office, commercial, retail, and mixed-use applications.
Where is this flex space located?
The property is located at 505 Randolph Ave St Paul, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,900 SF of office and warehouse space; 0.75‑acre site with approximately 0.25 acres of outdoor storage; Large dock platform and varied clear height
