North Branch Warehouse For
For Sale
$3,750,000
6384 415th Street, North Branch, MN 55056
22,440 SF warehouse/industrial property in North Branch, Minnesota.
Property Size22,440 SF
Price / SF$167.11
Days on Market148
Property Features for 6384 415th Street
General Information
Standard status
Active
Size
22,440 SF
Property subtype
Industrial
Listing Agency:
CBRE - Minnesota
(952) 924-4816
Listed By:
Sandy Barin
(952) 924-4816
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Aug 19 at 5:30AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 22,440 square foot warehouse and industrial property. Located in North Branch, Minnesota, the property is suitable for warehouse and industrial use.
Key Highlights
- 22,440 SF warehouse/industrial property
- Located in North Branch, Minnesota
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
$296,021
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
7.89%
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%
$5,920,420
$5.9M
Cap Rate 7%
$4,228,871
$4.2M
Cap Rate 9%
$3,289,122
$3.3M
Market Conditions
NOI Build-Up for 22,440 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
$363.5K $16.20/SF
− Vacancy
−$15.3K −$0.68/SF
EGI
$348.3K $15.52/SF
− OpEx
−$52.2K −$2.33/SF
NOI
$296.0K $13.19/SF
Area
Chisago County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
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%
$5,920,420
Cap Rate 7%
$4,228,871
Cap Rate 9%
$3,289,122
Alternative Uses
Best Use
Warehouse
$4.23M
$3.70M – $4.93M
NOI $296,021 @ 7.0% cap · market cap 7.89%
Second Best
Industrial
$3.48M
$3.05M – $4.06M
NOI $243,782 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$5.35M
$4.68M – $6.25M
NOI $374,760 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55056, MN
14,245
Population
5,696
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
96%
High-School Grad
99.5 sq mi
ZIP Area
143
Density / Sq Mi
$93,601
Median Household Income
$53,911
Median Earnings
$1,190
Median Rent
$297,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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- GOPHER STATE STORAGE — NORTH BRANCH N — 6028 410th St, North Branch, MN 55056
Frequently Asked Questions
What type of property is this?
Warehouse - 22,440 SF warehouse/industrial property in North Branch, Minnesota.
Where is this warehouse located?
The property is located at 6384 415th Street North Branch, MN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 22,440 SF warehouse/industrial property; Located in North Branch, Minnesota
