Flex Office and Warehouse Building

6254 34th Ave NW Rochester, MN 55901

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Two-building flex property offering office and warehouse space with 12' overhead doors and 16' peak ceiling height.

Type:INDUSTRIAL
Property size:
19,000 SF
Price / SF:
$100/SF
Added:
Jul 2, 2026
Days on Market:
10
Last Refresh:
Jul 11 at 2:16 am

Property Features for 6254 34th Ave NW

General Information

Standard status
Active
Size
19,000 SF
Property subtype
INDUSTRIAL

Listing office Hamilton Real Estate

Listing date Jul 2, 2026

Source Moodyscre

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 Hamilton Real Estate


Investment Insights

Based on property information with market context.

This two-building flex property totals approximately 19,000 SF and combines office, warehouse, and operational space for a variety of business uses. The office component is described at about 9,000 SF and includes 14 private offices, a large bullpen/workspace area, and conference room potential with a flexible floor plan.

The warehouse portion is described at about 10,000 SF, with 12' overhead garage doors and a 16' peak ceiling height suited to storage, operations, light distribution, or shop use. The property also includes convenient front-door parking for employees, customers, and visitors and is positioned along a fast-growing commercial corridor with quick connections to Highway 52, supporting strong access and visibility.

The layout is flexible enough to accommodate an owner-user occupancy of the entire property or reconfiguration for multiple users.

Key Highlights

  • Two buildings totaling approximately 19,000 SF with flexible office and warehouse space for a wide range of business uses
  • +/- 9,000 SF of office space with 14 private offices and a large bullpen/workspace area
  • +/- 10,000 SF warehouse for storage, operations, light distribution, or shop use

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $250.8k $13.20
− Vacancy −$11.3k −$0.59
EGI $239.5k $12.61
− OpEx −$83.8k −$4.41
NOI $155.7k $8.19
19,000 SF · lease $13.20/SF/yr · vacancy 4.50% · expense 35.00%

Alternative Uses

Best Use
Office B
$5.00M
$4.38M – $5.84M (±1% cap)
NOI $350,123 @ 7.0% cap · market cap 18.43%
Second Best
Flex RnD
$2.22M
$1.95M – $2.59M (±1% cap)
NOI $155,684 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$7.32M
$6.40M – $8.54M (±1% cap)
NOI $512,252 @ 7.0% cap · market cap 26.96%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Lincare Pharmacy SYFA Fencing Club Gym & Fitness Center Mr Fritz Ltd Medical Clinic LVC Companies General Contractor LINCARE INC. Production Facility

Suggested Use

Dental Office Building Supply Real Estate Agency Restaurant Big Box & Wholesale Store Pharmacy Auto Parts Store HVAC Service Bakery Food Market

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Two-building flex property offering office and warehouse space with 12' overhead doors and 16' peak ceiling height.
Where is this flex space located?
The property is located at 6254 34th Ave NW Rochester, MN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two buildings totaling approximately 19,000 SF with flexible office and warehouse space for a wide range of business uses; +/- 9,000 SF of office space with 14 private offices and a large bullpen/workspace area; +/- 10,000 SF warehouse for storage, operations, light distribution, or shop use
Contact an agent
(507) 271-5553 Call to check price and availability
More about this property
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