Flex Space with Insulated Overhead
For Sale
$199,900
5836 Barthel Industrial Drive NE #1, Albertville, MN 55301
Gated access and around-the-clock security complement a separate service entrance and insulated overhead door.
Property Size1,077 SF
Price / SF$185.61
Days on Market12
Property Features for 5836 Barthel Industrial Drive NE #1
General Information
Standard status
Active
Size
1,077 SF
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Fenced Yard
Yes
Power
100 amps
Amenities
24/7 Security
Gated Access
Building Details
Building Size
1,077 SF
Year Built
2026
Units
1
Listing Agency:
RE/MAX Results
Listed By:
Butch Zelinsky
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 29 at 11:21PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 1,077-square-foot flex space, built in 2026, has 16-foot ceilings and is configured to accommodate a loft or mezzanine. The unit includes a 14-foot insulated overhead garage door with opener, a separate 3-foot service door, sheet-rocked walls, LED ceiling lighting, and spray foam insulation. In-floor heat is installed, with air conditioning optional. Additional features include a 100-amp electrical panel, fire protection system, floor trench drain, and rough-in plumbing for a bathroom with shower.
The property has business/commercial zoning and gated access, with security provided 24 hours a day.
The property has business/commercial zoning and gated access, with security provided 24 hours a day.
Key Highlights
- 1,077 square feet; built in 2026
- 16‑foot ceilings; configured for a loft or mezzanine
- 14‑foot insulated overhead garage door with opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,604
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,080
$292.1K
Cap Rate 7%
$208,629
$208.6K
Cap Rate 9%
$162,267
$162.3K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$23.7K $21.96/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$22.5K $20.86/SF
− OpEx
−$7.9K −$7.30/SF
NOI
$14.6K $13.56/SF
Area
Wright County, MN
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,080
Cap Rate 7%
$208,629
Cap Rate 9%
$162,267
Alternative Uses
Best Use
Flex RnD
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 7.31%
Second Best
Warehouse
$203.0K
$177.6K – $236.8K
NOI $14,207 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$256.9K
$224.8K – $299.8K
NOI $17,986 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55301, MN
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,560
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Gated access and around-the-clock security complement a separate service entrance and insulated overhead door.
Where is this flex space located?
The property is located at 5836 Barthel Industrial Drive NE #1 Albertville, MN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,077 square feet; built in 2026; 16‑foot ceilings; configured for a loft or mezzanine; 14‑foot insulated overhead garage door with opener
