Office Building on Commercial
For Sale
$575,000
7072 Fairview Road, Baxter, MN 56425
Office space with reception, private offices, and additional storage on land split into four separate parcels.
Property Size1,632 SF
Lot Size5.40 Acres
Days on Market123
Property Features for 7072 Fairview Road
General Information
Standard status
Active
Size
1,632 SF
Lot size
5.40 Acres
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,018
Building Details
Building Size
1,632 SF
Year Built
1950
Stories
1
Units
1
Listing Agency:
Keller Williams Realty Professionals
(218) 851-5540
Listed By:
Joe Laudenbach
(218) 851-5540
Source:
Ivyrealestategroup
Added: Apr 25
Changed: Aug 25
Last Checked: Aug 24 at 1:25PM
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 Keller Williams Realty Professionals
Investment Insights
Based on property information with market context.
This offering combines a functional office interior with additional storage space and a sizable land component divided across four separate parcels. The main level includes a reception area, two private offices, a kitchen, and a bathroom, supporting day-to-day office or service use. The lower level adds further storage along with a quarter bath.
The property sits on approximately 5.4 acres and is described as being just minutes from the Highway 371 and Highway 210 corridor, providing convenient access to the surrounding area.
For buyers seeking an owner-occupied setup, the layout offers dedicated workspace with a reception area and private offices, while the storage on the lower level can support operational needs. For developers or investors, the multi-parcel structure and available land may provide flexibility for expansion or future redevelopment, subject to applicable approvals.
The property sits on approximately 5.4 acres and is described as being just minutes from the Highway 371 and Highway 210 corridor, providing convenient access to the surrounding area.
For buyers seeking an owner-occupied setup, the layout offers dedicated workspace with a reception area and private offices, while the storage on the lower level can support operational needs. For developers or investors, the multi-parcel structure and available land may provide flexibility for expansion or future redevelopment, subject to applicable approvals.
Key Highlights
- 5.4 acres across four separate parcels in Baxter
- Main level includes reception, two private offices, kitchen, and a bathroom
- Lower level offers additional storage plus a quarter bath
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
$18,507
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
3.22%
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%
$370,140
$370.1K
Cap Rate 7%
$264,386
$264.4K
Cap Rate 9%
$205,633
$205.6K
Market Conditions
NOI Build-Up for 1,632 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
$29.4K $18.00/SF
− Vacancy
−$4.7K −$2.88/SF
EGI
$24.7K $15.12/SF
− OpEx
−$6.2K −$3.78/SF
NOI
$18.5K $11.34/SF
Area
Crow Wing County, MN
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$370,140
Cap Rate 7%
$264,386
Cap Rate 9%
$205,633
Alternative Uses
Best Use
Office B
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.5K
$303.2K – $404.2K
NOI $24,253 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 56425, MN
8,584
Population
3,898
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
97%
High-School Grad
18.3 sq mi
ZIP Area
469
Density / Sq Mi
$71,294
Median Household Income
$45,777
Median Earnings
$1,115
Median Rent
$299,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office space with reception, private offices, and additional storage on land split into four separate parcels.
Where is this office building located?
The property is located at 7072 Fairview Road Baxter, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5.4 acres across four separate parcels in Baxter; Main level includes reception, two private offices, kitchen, and a bathroom; Lower level offers additional storage plus a quarter bath
