Deeded Flex Storage
721 Industrial Blvd Watertown, MN 55388
For Sale
Contact for pricing
Built in 2022, Units B3 and B4 are deeded flex storage spaces suitable for vehicles, boats, or workshop use.
Property Size1,490 SF
Price / SF$132.55
Days on Market319
Property Features for 721 Industrial Blvd
General Information
- Standard status
- Active
- Size
- 1,490 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Compass Real Estate
(612) 816-7537
Listed By:
Laura Hotvet
(612) 816-7537
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Jul 25
Last Checked: Jul 25 at 3:45PM
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 Compass Real Estate
Investment Insights
Based on property information with market context.
Units B3 and B4 at The Workshop of Watertown are flex storage/garage-condo style spaces built in 2022. The units are designed for secure, versatile use, with configuration suited to storing items such as RVs, boats, and vehicles, as well as accommodating a workshop, studio, or business needs.
The property is located at 721 Industrial Blvd in Watertown, MN 55388, with access provided directly from the industrial boulevard. Ownership is deeded, giving buyers control over their individual storage and flex space.
Offered for sale as an investment opportunity, these newer units provide low-maintenance construction and modern amenities within a small, secure storage/flex environment.
The property is located at 721 Industrial Blvd in Watertown, MN 55388, with access provided directly from the industrial boulevard. Ownership is deeded, giving buyers control over their individual storage and flex space.
Offered for sale as an investment opportunity, these newer units provide low-maintenance construction and modern amenities within a small, secure storage/flex environment.
Key Highlights
- Built in 2022: deeded Units B3 and B4 at The Workshop of Watertown (721 Industrial Blvd, Watertown).
- Deeded flex storage spaces suitable for vehicles, boats, or workshop use.
- Units are described as versatile for uses including an RV/boat/car space and room for a workshop, studio, or business needs.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $16.20 |
| − Vacancy | −$1.0k | −$0.68 |
| EGI | $23.1k | $15.52 |
| − OpEx | −$6.9k | −$4.66 |
| NOI | $16.2k | $10.86 |
1,490 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$288.6K
$252.6K – $336.8K
NOI $20,205 @ 7.0% cap · market cap 10.23%
Second Best
Warehouse
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 9.95%
Theoretical Best
Office A
$355.5K
$311.1K – $414.7K
NOI $24,884 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Built in 2022, Units B3 and B4 are deeded flex storage spaces suitable for vehicles, boats, or workshop use.
Where is this flex space located?
The property is located at 721 Industrial Blvd Watertown, MN.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: Built in 2022: deeded Units B3 and B4 at The Workshop of Watertown (721 Industrial Blvd, Watertown).; Deeded flex storage spaces suitable for vehicles, boats, or workshop use.; Units are described as versatile for uses including an RV/boat/car space and room for a workshop, studio, or business needs.
