Flex Building with Garage
For Sale
Contact for pricing
6876 10th Ave SW, Rochester, MN 55902
Multi-suite flex property with service-oriented layouts, vehicle access, drainage, heating, and shared parking.
Property Size12,320 SF
Price / SF$137.99
Days on Market22
Property Features for 6876 10th Ave SW
General Information
Standard status
Active
Size
12,320 SF
Total Parking Spaces
40
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Clear Height
18 ft
Building Details
Year Built
2017
Listing Agency:
Realty Growth, Inc
(507) 289-8000
Listed By:
Bucky Beeman
(507) 951-7130
Source:
Moodyscre
Added: Sep 14
Changed: Oct 4
Last Checked: Oct 4 at 10:28AM
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 Realty Growth, Inc
Investment Insights
Based on property information with market context.
Built in 2017, this 12,320-square-foot flex property is organized into multiple suites suited to service and industrial users. Most suites provide 18-foot clear heights, in-floor drainage, dedicated heating, and private restrooms. The improvements also support indoor vehicle parking and work areas, while end-cap suites include built-in offices.
Access is designed for larger vehicles, with 14-foot overhead doors serving each suite. Suites D and B/C have two such doors, and Suite D also includes a 10-foot side door. A shared parking area provides 40 stalls. The property is positioned just off Highway 63, approximately five minutes from Rochester International Airport, with highway access toward Downtown.
Access is designed for larger vehicles, with 14-foot overhead doors serving each suite. Suites D and B/C have two such doors, and Suite D also includes a 10-foot side door. A shared parking area provides 40 stalls. The property is positioned just off Highway 63, approximately five minutes from Rochester International Airport, with highway access toward Downtown.
Key Highlights
- 2017‑built flex property totaling 12,320 SF
- Most suites offer 18‑foot clear heights, in‑floor drainage, heating, and individual restrooms
- 14‑foot overhead doors at each suite; Suites D and B/C have dual doors
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
$100,949
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
5.94%
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%
$2,018,980
$2.0M
Cap Rate 7%
$1,442,129
$1.4M
Cap Rate 9%
$1,121,656
$1.1M
Market Conditions
NOI Build-Up for 12,320 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
$162.6K $13.20/SF
− Vacancy
−$7.3K −$0.59/SF
EGI
$155.3K $12.61/SF
− OpEx
−$54.4K −$4.41/SF
NOI
$100.9K $8.19/SF
Area
Rochester, MN
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$2,018,980
Cap Rate 7%
$1,442,129
Cap Rate 9%
$1,121,656
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,949 @ 7.0% cap · market cap 5.94%
Second Best
Industrial
$1.07M
$936.2K – $1.25M
NOI $74,899 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$4.75M
$4.15M – $5.54M
NOI $332,155 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55902, MN
25,878
Population
11,954
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
41.1 sq mi
ZIP Area
630
Density / Sq Mi
$111,879
Median Household Income
$68,869
Median Earnings
$1,580
Median Rent
$430,100
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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Frequently Asked Questions
What type of property is this?
Flex space - Multi-suite flex property with service-oriented layouts, vehicle access, drainage, heating, and shared parking.
Where is this flex space located?
The property is located at 6876 10th Ave SW Rochester, MN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 2017‑built flex property totaling 12,320 SF; Most suites offer 18‑foot clear heights, in‑floor drainage, heating, and individual restrooms; 14‑foot overhead doors at each suite; Suites D and B/C have dual doors
