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 Market195
Property Features for 6384 415th Street
General Information
Standard status
Active
Size
22,440 SF
Property subtype
Industrial
Listing Agency:
CBRE - Minnesota
Listed By:
Sandy Barin
(952) 924-4816
Source:
Cbre
Added: Mar 25
Changed: Oct 5
Last Checked: Oct 4 at 8:13AM
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 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 / Yr
$296,021
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- 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
