Building Details

Year Built 2026

Listing Agency: RE/MAX Results

Listed By: Butch Zelinsky · License #82798 Show Phone

Source: Searchhousesnow

Added: Aug 10 Changed: Oct 11 Last Checked: Oct 7 at 5:02PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$14,577

Cap Rate

7.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$291,540 $291.5K

Cap Rate 7%

$208,243 $208.2K

Cap Rate 9%

$161,967 $162.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,075 SF

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 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 (±1% cap)

NOI $14,577 @ 7.0% cap · market cap 7.29%

Second Best

Warehouse

$202.6K

$177.3K – $236.4K (±1% cap)

NOI $14,181 @ 7.0% cap · market cap 7.09%

Theoretical Best

Office A

$256.5K

$224.4K – $299.2K (±1% cap)

NOI $17,953 @ 7.0% cap · market cap 8.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Flex Space with Overhead Door

11i-7041 49th St Ne, Albertville, MN 55301

$333,900

1,200 SF

View details

Insulated Warehouse Garage

2-5836 Barthel Industrial Dr Ne, Albertville, MN 55301

$234,900

View details

Industrial Warehouse for Sale

9760 71st Street NE, Albertville, MN 55362

Contact for pricing

View details

Day Care Center for Sale

6869 Laketowne Pl, Albertville, MN 55301

$6,200,000

11,720 SF

View details

Single-Tenant Storefront Property

5640 Mackenzie Ave NE, Albertville, MN 55301

Contact for pricing

8,000 SF

View details

Brand New Day Care Center

6869 East Laketowne Drive, Albertville, MN 55301

Contact for pricing

11,720 SF

View details

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