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5440 South Robert Trail, Inver Grove Heights, MN 55077
Retail center positioned at a signalized intersection near I-494.
Property Size8,400 SF
Price / SF$190.48
Days on Market112
Property Features for 5440 South Robert Trail
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Retail
Investment Type
Stabilized
Net Operating Income
$138,404
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Bloomington, Minnesota
(952) 465-3377
Listed By:
William Melin · License #MN S56957000
Source:
Crexi
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 3:18PM
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 Cushman & Wakefield - Bloomington, Minnesota
Investment Insights
Based on property information with market context.
This multi-tenant shopping center is located at 5440 South Robert Trail in Inver Grove Heights, Minnesota. The property occupies a signalized intersection near I-494, providing a prominent position within the local retail corridor.
The site serves as a gateway between Inver Grove Heights and West St. Paul. The property information identifies the center at 8,400 in property size, with the asset classified as a shopping center.
The site serves as a gateway between Inver Grove Heights and West St. Paul. The property information identifies the center at 8,400 in property size, with the asset classified as a shopping center.
Key Highlights
- Multi‑tenant shopping center
- 8,400 property size
- Signalized intersection location
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
$88,588
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
5.54%
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%
$1,771,760
$1.8M
Cap Rate 7%
$1,265,543
$1.3M
Cap Rate 9%
$984,311
$984.3K
Market Conditions
NOI Build-Up for 8,400 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
$151.2K $18.00/SF
− Vacancy
−$24.6K −$2.93/SF
EGI
$126.6K $15.07/SF
− OpEx
−$38.0K −$4.52/SF
NOI
$88.6K $10.55/SF
Area
Dakota County, MN
Vacancy
16.30%
Lease Rate
$18.00 /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%
$1,771,760
Cap Rate 7%
$1,265,543
Cap Rate 9%
$984,311
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,588 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.07M
$1.81M – $2.41M
NOI $144,698 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
1,278 visits/mo
0.1 miles
Avis Budget Car Rental
Shops & Services
789 visits/mo
0.1 miles
Demographics for 55077, MN
14,258
Population
5,403
Households
2.6
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
18.2 sq mi
ZIP Area
783
Density / Sq Mi
$108,314
Median Household Income
$62,432
Median Earnings
$1,514
Median Rent
$496,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Salem Square Shopping Center — 5300 S Robert Trail, Inver Grove Heights, MN 55077
- Southridge Center — 1448 Mendota Rd E, Inver Grove Heights, MN 55077
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center positioned at a signalized intersection near I-494.
Where is this shopping center located?
The property is located at 5440 South Robert Trail Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Multi‑tenant shopping center; 8,400 property size; Signalized intersection location
