Building Details

Year Built 2025

Units 1

Listing Agency: Coldwell Banker Crown Realtors

Listed By: Sharon Quernemoen · License #MN Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 3 Last Checked: Oct 20 at 8:18PM

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 Coldwell Banker Crown Realtors

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.

The property features garages suitable for storing RVs, extra cars, and other recreational equipment. The garages operate under an association ownership concept, providing a maintenance-free exterior. Bathroom facilities are available. Each building is equipped with electricity. A dumping station is located on-site. The garages have a 4-inch concrete floor with a 4-foot apron. A garage door opener is included with the purchase. The garage size is 64 x 100. One overhead door measures 16 x 14, and two overhead doors measure 12 x 14. The annual association dues are $400. Insurance is paid annually according to the unit size. For $317,900, the garages include 3 insulated doors, a private well, and an uninsulated interior.

Key Highlights

• Own your own garage and real estate, providing secure and private storage.
• Large garage size (64 x 100) with multiple overhead doors (16 x 14 and two 12 x 14) suitable for RVs, cars, and other large items.**
• Maintenance‑free exterior and association ownership concept simplifies property upkeep.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,707

Cap Rate

9.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$774,140 $774.1K

Cap Rate 7%

$552,957 $553.0K

Cap Rate 9%

$430,078 $430.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$57.6K $9.00/SF

− Vacancy

−$2.3K −$0.36/SF

EGI

$55.3K $8.64/SF

− OpEx

−$16.6K −$2.59/SF

NOI

$38.7K $6.05/SF

Area

Douglas County, MN

Vacancy

4.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$774,140

Cap Rate 7%

$552,957

Cap Rate 9%

$430,078

Alternative Uses

Best Use

Retail

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,834 @ 7.0% cap · market cap 31.00%

Second Best

Industrial

$553.0K

$483.8K – $645.1K (±1% cap)

NOI $38,707 @ 7.0% cap · market cap 9.10%

Theoretical Best

Specialty Retail

$2.02M

$1.77M – $2.35M (±1% cap)

NOI $141,251 @ 7.0% cap · market cap 33.22%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply

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

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 56319, MN

1,300

Population

806

Households

1.6

Avg Household Size

39

Median Age

23%

College-Educated

96%

High-School Grad

40.4 sq mi

ZIP Area

32

Density / Sq Mi

$85,500

Median Household Income

$46,652

Median Earnings

$1,054

Median Rent

$282,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Warehouse Garage with Insulated Doors

70-6149 Storage Ln Ne, Carlos, MN

$425,250

6,400 SF

View details

Heated Flex Shop With Mezzanine

4028 Prairie Rd NE Unit 71, Carlos, MN 56319

$249,000

3,072 SF

View details

Heated Warehouse with Mezzanine

71-4028 Prairie Rd Ne, Carlos, MN 56319

$249,000

3,072 SF

View details

Self-Storage Building with Oversized Doors

6-4028 Prairie Rd Ne, Carlos, MN 56319

$189,000

3,072 SF

View details

Frequently Asked Questions

What type of property is this?

Parking lot & garage - Garages for RVs, cars, and toys with association ownership.

Where is this parking lot & garage located?

The property is located at 6149 Storage Lane NE #70 Carlos, MN.

What is the asking price?

The asking price for this property is $425,250.

What are key features of this property?

This property features: Own your own garage and real estate, providing secure and private storage.; Large garage size (64 x 100) with multiple overhead doors (16 x 14 and two 12 x 14) suitable for RVs, cars, and other large items.**; Maintenance‑free exterior and association ownership concept simplifies property upkeep.