6025-6045 Brooklyn Boulevard, Brooklyn Center, MN 55429
For Sale
$2,098,000
Triplexes
Property Size7,770 SF
Days on Market58
Property Features for 6025-6045 Brooklyn Boulevard
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Results Commercial
Listed By:
Hayden Hulsey, CCIM · License MN #40266763
(651) 769-4826
Source:
Resultscommercial
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 10 at 7:13AM
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 Results Commercial
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,525
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,500
$2.3M
Cap Rate 7%
$1,621,786
$1.6M
Cap Rate 9%
$1,261,389
$1.3M
Market Conditions
NOI Build-Up for 7,770 SF
Gross rent
$172.5K $22.20/SF
− Vacancy
−$10.3K −$1.33/SF
EGI
$162.2K $20.87/SF
− OpEx
−$48.7K −$6.26/SF
NOI
$113.5K $14.61/SF
Area
Hennepin County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,500
Cap Rate 7%
$1,621,786
Cap Rate 9%
$1,261,389
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,525 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,818 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,763 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 55429, MN
28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Hennepin County, MN
Properties on Market for Triplexes in Hennepin County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
Where is this triplex located?
The property is located at 6025-6045 Brooklyn Boulevard Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $2,098,000.
