Automotive Property with Dual-Road
5241 W Broadway Avenue, Crystal, MN 55429
For Sale
$2,295,000
A dealership-oriented building and expansive vehicle parking area occupy a commercially zoned site.
Property Size6,967 SF
Lot Size2.28 Acres
Price / SF$329.41
Days on Market84
Property Features for 5241 W Broadway Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
EdgeLine Realty
(952) 402-9246
Listed By:
Ravil Ahmetshin
(952) 250-1742
Source:
Driveresultsrealty
Added: Aug 18
Changed: Nov 7
Last Checked: Nov 8 at 1:44PM
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 EdgeLine Realty
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Investment Insights
Based on property information with market context.
Built in 2001 for use as an independent car dealership, this automotive property includes a 6,967-square-foot building and a 2.28-acre parcel. The building remains in dealership use, with a substantial on-site parking area that accommodates approximately 220–250 vehicles, depending on arrangement.
The parcel has access from both W Broadway Avenue and Douglas Drive. Zoning is listed as Business/Commercial and Other; prospective uses and zoning options are subject to confirmation with the City of Crystal.
The parcel has access from both W Broadway Avenue and Douglas Drive. Zoning is listed as Business/Commercial and Other; prospective uses and zoning options are subject to confirmation with the City of Crystal.
Key Highlights
- 6,967‑square‑foot building constructed in 2001
- 2.28‑acre parcel with access from W Broadway Avenue and Douglas Drive
- Approximately 220–250 parking stalls, depending on vehicle arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,119
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,380
$1.5M
Cap Rate 7%
$1,101,700
$1.1M
Cap Rate 9%
$856,878
$856.9K
Market Conditions
NOI Build-Up for 6,967 SF
Gross rent
$118.7K $17.04/SF
− Vacancy
−$8.5K −$1.23/SF
EGI
$110.2K $15.81/SF
− OpEx
−$33.1K −$4.74/SF
NOI
$77.1K $11.07/SF
Area
Hennepin County, MN
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,380
Cap Rate 7%
$1,101,700
Cap Rate 9%
$856,878
Alternative Uses
Best Use
Retail
$1.10M
$964.0K – $1.29M
NOI $77,119 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$1.08M
$946.1K – $1.26M
NOI $75,688 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,353 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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 Automotive properties in Hennepin County
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Automotive property - A dealership-oriented building and expansive vehicle parking area occupy a commercially zoned site.
Where is this automotive property located?
The property is located at 5241 W Broadway Avenue Crystal, MN.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 6,967‑square‑foot building constructed in 2001; 2.28‑acre parcel with access from W Broadway Avenue and Douglas Drive; Approximately 220–250 parking stalls, depending on vehicle arrangement
