Flex Space with High
For Sale
$199,900
5836 Barthel Industrial Drive Ne #11, Albertville, MN 55301
Gated industrial space offers security, insulated access, in-floor heat, and a finished interior ready for customization.
Property Size1,075 SF
Price / SF$185.95
Days on Market22
Property Features for 5836 Barthel Industrial Drive Ne #11
General Information
Standard status
Active
Size
1,075 SF
Additional Details
Power
100 amps
Building Details
Year Built
2026
Listing Agency:
RE/MAX Results
(952) 848-2528
Listed By:
Butch Zelinsky · License #82798
Source:
Searchhousesnow
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 30 at 8:44PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This flex space includes a 14' insulated overhead garage door with opener, a 3' service door, 16' ceilings, LED ceiling lights, sheet-rocked walls, and spray foam insulation. In-floor heat is installed, with optional AC available. The space is structured for a loft or mezzanine and includes rough-in plumbing for a bathroom with shower, a floor trench drain system, and a 100-amp electrical panel. A fire protection system supports the building’s infrastructure.
Located at 5836 Barthel Industrial Drive NE #11 in Albertville, Minnesota, the property provides gated access and 24/7 security. Built in 2026, it combines flexible industrial functionality with finished interior elements and adaptable vertical space.
Located at 5836 Barthel Industrial Drive NE #11 in Albertville, Minnesota, the property provides gated access and 24/7 security. Built in 2026, it combines flexible industrial functionality with finished interior elements and adaptable vertical space.
Key Highlights
- 14' insulated overhead garage door with opener
- 16' ceilings with loft or mezzanine structure
- 24/7 security and gated access
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
$14,577
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
7.29%
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%
$291,540
$291.5K
Cap Rate 7%
$208,243
$208.2K
Cap Rate 9%
$161,967
$162.0K
Market Conditions
NOI Build-Up for 1,075 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
$23.6K $21.96/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$22.4K $20.86/SF
− OpEx
−$7.8K −$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 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%
$291,540
Cap Rate 7%
$208,243
Cap Rate 9%
$161,967
Alternative Uses
Best Use
Flex RnD
$208.2K
$182.2K – $243.0K
NOI $14,577 @ 7.0% cap · market cap 7.29%
Second Best
Warehouse
$202.6K
$177.3K – $236.4K
NOI $14,181 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$256.5K
$224.4K – $299.2K
NOI $17,953 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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?
Flex space - Gated industrial space offers security, insulated access, in-floor heat, and a finished interior ready for customization.
Where is this flex space located?
The property is located at 5836 Barthel Industrial Drive Ne #11 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: 14' insulated overhead garage door with opener; 16' ceilings with loft or mezzanine structure; 24/7 security and gated access
