Auto Shop Building with Outdoor
For Sale
Contact for pricing
559 US-10 South, Saint Cloud, MN 56304
Flexible auto shop layout with a large outdoor storage area on US Highway 10 for service and retail-commercial users.
Property Size4,500 SF
Price / SF$255.56
Days on Market16
Property Features for 559 US-10 South
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
52
Property subtype
Retail
Zoning
C-5 Highway Commercial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Amenities
large outdoor storage area
Building Details
Buildings
1
Listing Agency:
Commercial Equities Group Inc
(612) 788-1552
Listed By:
Brady Erickson · License #40507727
Source:
Crexi
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 10 at 3:34AM
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 Commercial Equities Group Inc
Investment Insights
Based on property information with market context.
This auto shop building offers a flexible layout designed to support automotive, contractor, showroom, retail, or service-commercial uses. In addition to the indoor space, the property includes a large outdoor storage area, which can support everyday vehicle, equipment, and service operations.
Located on US Highway 10, the site benefits from strong roadway presence and visibility for passersby and customers.
With a building size of 4,500 SF, the space is positioned for owner-users or operators looking for a practical footprint that combines usable interior area with dedicated outdoor storage.
Located on US Highway 10, the site benefits from strong roadway presence and visibility for passersby and customers.
With a building size of 4,500 SF, the space is positioned for owner-users or operators looking for a practical footprint that combines usable interior area with dedicated outdoor storage.
Key Highlights
- 4,500 SF auto shop building
- Large outdoor storage area for vehicles and equipment
- Flexible layout suited for automotive, contractor, showroom, retail, or service‑commercial users
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
$55,424
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
4.82%
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%
$1,108,480
$1.1M
Cap Rate 7%
$791,771
$791.8K
Cap Rate 9%
$615,822
$615.8K
Market Conditions
NOI Build-Up for 4,500 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
$85.3K $18.96/SF
− Vacancy
−$6.1K −$1.37/SF
EGI
$79.2K $17.59/SF
− OpEx
−$23.8K −$5.28/SF
NOI
$55.4K $12.32/SF
Area
Sherburne County, MN
Vacancy
7.20%
Lease Rate
$18.96 /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%
$1,108,480
Cap Rate 7%
$791,771
Cap Rate 9%
$615,822
Alternative Uses
Best Use
Retail
$791.8K
$692.8K – $923.7K
NOI $55,424 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$698.4K
$611.1K – $814.8K
NOI $48,887 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,152 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56304, MN
17,020
Population
7,538
Households
2.3
Avg Household Size
34
Median Age
25%
College-Educated
87%
High-School Grad
60.7 sq mi
ZIP Area
280
Density / Sq Mi
$54,133
Median Household Income
$36,365
Median Earnings
$926
Median Rent
$230,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Flexible auto shop layout with a large outdoor storage area on US Highway 10 for service and retail-commercial users.
Where is this auto shop located?
The property is located at 559 US-10 South Saint Cloud, MN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,500 SF auto shop building; Large outdoor storage area for vehicles and equipment; Flexible layout suited for automotive, contractor, showroom, retail, or service‑commercial users
