New Warehouse with Insulated
For Sale
$169,000
5748 Oakwood Terrace NW, Alexandria, MN 56308
Under-construction warehouse with concrete flooring, full electric service, and roughed-in plumbing.
Property Size1,488 SF
Lot Size0.48 Acres
Price / SF$113.58
Days on Market19
Property Features for 5748 Oakwood Terrace NW
General Information
Standard status
Active
Size
1,488 SF
Lot size
0.48 Acres
Property subtype
Vacant Land
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Building Details
Buildings
1
Stories
1
Building Size
1,488 SF
Listing Agency:
ERA Viking Realty
(320) 762-0241
Listed By:
Todd Hocum
Source:
Searchhousesnow
Added: Aug 11
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 ERA Viking Realty
Investment Insights
Based on property information with market context.
A new warehouse is under construction with a 31 x 48 building footprint, concrete flooring, and 12 ft side walls. The structure includes vaulted trusses, full electric service, roughed-in plumbing, and a 12 ft insulated overhead door with an opener. The configuration supports enclosed storage for boats, pontoons, trailers, fish houses, and campers.
The property occupies .48 acres at 5748 Oakwood Terrace NW in Alexandria, at the corner of County Rd 34 and Oakwood Terrace NW. Paved roads provide access, with Carlos Creek Winery less than a mile away, Lake Ida Boat Access 2 miles away, and West Lake Carlos Boat Access 3 miles away. Multiple additional lakes are located nearby.
The property occupies .48 acres at 5748 Oakwood Terrace NW in Alexandria, at the corner of County Rd 34 and Oakwood Terrace NW. Paved roads provide access, with Carlos Creek Winery less than a mile away, Lake Ida Boat Access 2 miles away, and West Lake Carlos Boat Access 3 miles away. Multiple additional lakes are located nearby.
Key Highlights
- 31 x 48 warehouse under construction on .48 acres
- 12 ft insulated overhead door with opener
- 12 ft side walls and vaulted trusses
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
$11,552
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
6.84%
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%
$231,040
$231.0K
Cap Rate 7%
$165,029
$165.0K
Cap Rate 9%
$128,356
$128.4K
Market Conditions
NOI Build-Up for 1,488 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
$14.8K $9.96/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$13.6K $9.13/SF
− OpEx
−$2.0K −$1.37/SF
NOI
$11.6K $7.76/SF
Area
Douglas County, MN
Vacancy
8.30%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$231,040
Cap Rate 7%
$165,029
Cap Rate 9%
$128,356
Alternative Uses
Best Use
Warehouse
$165.0K
$144.4K – $192.5K
NOI $11,552 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.2K
$410.5K – $547.4K
NOI $32,841 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56308, MN
26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse with concrete flooring, full electric service, and roughed-in plumbing.
Where is this warehouse located?
The property is located at 5748 Oakwood Terrace NW Alexandria, MN.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 31 x 48 warehouse under construction on .48 acres; 12 ft insulated overhead door with opener; 12 ft side walls and vaulted trusses
