703 Seville Ave, Buhl, MN

Building Details

Buildings 2 More

Stories 1 More

Building Size 3,500 SF More

Construction steel More

Listing Agency: PERRELLA & ASSOCIATES Show Phone

Listed By: GREG PERRELLA · License MN #91811 Show Phone

Source: Exprealty

Added: Nov 2 Changed: Nov 7 Last Checked: Nov 8 at 9:21AM

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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 PERRELLA & ASSOCIATES

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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.

This steel flex building in Buhl has a single-level interior with a stainless-steel kitchen, office area, bathroom, and two large overhead doors. Natural gas in-floor heating serves the main building, while acoustic metal on the original ceiling and upper walls supports sound quality for performances. A separate 20-by-40-foot storage building provides additional enclosed space.

The property is near Highway 169. Its existing improvements include kitchen facilities, office space, and storage in a separate building.

Key Highlights

• Single‑level steel flex building with two large overhead doors
• Stainless‑steel kitchen, office area, and bathroom
• Natural gas in‑floor heating and acoustic metal on the original ceiling and upper walls

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,599

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,980 $332.0K

Cap Rate 7%

$237,129 $237.1K

Cap Rate 9%

$184,433 $184.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,456 SF

Gross rent

$20.3K $5.88/SF

− Vacancy

−$793 −$0.23/SF

EGI

$19.5K $5.65/SF

− OpEx

−$2.9K −$0.85/SF

NOI

$16.6K $4.80/SF

Area

St. Louis County, MN

Vacancy

3.90%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,980

Cap Rate 7%

$237,129

Cap Rate 9%

$184,433

Alternative Uses

Best Use

Flex RnD

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,332 @ 7.0% cap · market cap 24.72%

Second Best

Warehouse

$237.1K

$207.5K – $276.7K (±1% cap)

NOI $16,599 @ 7.0% cap · market cap 5.05%

Theoretical Best

Specialty Retail

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,845 @ 7.0% cap · market cap 28.52%

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

Flex space

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A single-level layout combines a stainless-steel kitchen, office, bathroom, and two overhead doors.

Where is this flex space located?

The property is located at 703 Seville Ave Buhl, MN.

What is the asking price?

The asking price for this property is $329,000.

What are key features of this property?

This property features: Single‑level steel flex building with two large overhead doors; Stainless‑steel kitchen, office area, and bathroom; Natural gas in‑floor heating and acoustic metal on the original ceiling and upper walls