Flex Building with Mezzanine
5201-5205 Lakeland Ave N, Crystal, MN 55429
For Sale
Contact for pricing
A warehouse-and-office configuration is complemented by drive-in access and recent building upgrades.
Property Size5,753 SF
Lot Size0.46 Acres
Price / SF$132.10
Days on Market15
Property Features for 5201-5205 Lakeland Ave N
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Property Use
Listing Agency:
Arrow Real Estate Corp.
(763) 424-6355
Listed By:
Chad Weeks
(612) 619-9911
Source:
Moodyscre
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 8 at 8:32AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,753-square-foot flex property combines warehouse and office areas, with oversized drive-in doors and mezzanine storage. The building sits on approximately 0.46 acres and has received several improvements, including a 2019 roof, replacement drive-in doors and openers, hanging heaters, LED lighting, a water heater, and a front entrance door. The current tenancy is month to month.
Located in Crystal’s established industrial corridor, the property offers access to major Twin Cities highways.
Located in Crystal’s established industrial corridor, the property offers access to major Twin Cities highways.
Key Highlights
- 5,753‑square‑foot flex building with warehouse and office areas
- Approximately 0.46 acres in Crystal’s established industrial corridor
- Oversized drive‑in doors with new doors and openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,499
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,980
$1.2M
Cap Rate 7%
$892,843
$892.8K
Cap Rate 9%
$694,433
$694.4K
Market Conditions
NOI Build-Up for 5,753 SF
Gross rent
$93.2K $16.20/SF
− Vacancy
−$3.9K −$0.68/SF
EGI
$89.3K $15.52/SF
− OpEx
−$26.8K −$4.66/SF
NOI
$62.5K $10.86/SF
Area
Hennepin 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%
$1,249,980
Cap Rate 7%
$892,843
Cap Rate 9%
$694,433
Alternative Uses
Best Use
Warehouse
$1.08M
$948.7K – $1.26M
NOI $75,892 @ 7.0% cap · market cap 9.99%
Second Best
Industrial
$892.8K
$781.2K – $1.04M
NOI $62,499 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,078 @ 7.0% cap · market cap 12.64%
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
183
Businesses Nearby
Well-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
Market
Properties on Market for Flex space in Hennepin County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A warehouse-and-office configuration is complemented by drive-in access and recent building upgrades.
Where is this flex space located?
The property is located at 5201-5205 Lakeland Ave N Crystal, MN.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 5,753‑square‑foot flex building with warehouse and office areas; Approximately 0.46 acres in Crystal’s established industrial corridor; Oversized drive‑in doors with new doors and openers
