Flex Warehouse Garage
721 Industrial Boulevard #B4 Watertown, MN 55388
721 Industrial Boulevard #B4, Watertown, MN, 55388
$197,500
For Sale
$197,500
Move-in ready flex warehouse unit with vaulted tin interior, 14' insulated overhead door, and private bathroom.
Property Size1,490 SF
Price / SF$132.55
Days on Market124
Property Features for 721 Industrial Boulevard #B4
General Information
- Standard status
- Active
- Size
- 1,490 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2022
Listing agency
Compass
(612) 816-7537
Listed by
Laura Hotvet
(612) 816-7537
Source
Juverealestate
Added: Mar 21 Updated: Jul 22 at 12:15PM Checked: Jul 22 at 12:15PM
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
Investment Insights
Based on property information with market context.
Move-in ready flex/warehouse garage unit with finished sheetrock walls and durable tin ceiling finish. The space features 16'–20' vaulted ceilings, an insulated 14' overhead door with opener, LED lighting, in-floor heat, and A/C. Electrical service includes 100-amp service with multiple outlets, along with a floor trench drain, fire suppression system, and spray foam/blown-in insulation.
Unit B4 includes its own bathroom and a 40' x 10' mezzanine for additional storage or workspace. The exterior offers LP siding, an asphalt shingle roof, and concrete aprons with an asphalt lot. The property is on a paved road with convenient access to Highways 7 and 12, and association-maintained services include lawn care, snow removal, refuse, and security.
Unit B4 includes its own bathroom and a 40' x 10' mezzanine for additional storage or workspace. The exterior offers LP siding, an asphalt shingle roof, and concrete aprons with an asphalt lot. The property is on a paved road with convenient access to Highways 7 and 12, and association-maintained services include lawn care, snow removal, refuse, and security.
Key Highlights
- Move‑in ready 2022 flex commercial garage unit with finished sheetrock walls and durable tin vaulted interior (16'-20' ceilings)
- 14' insulated overhead door with opener for easy access and loading
- Heated and cooled with in‑floor heat and A/C; includes LED lighting and 100‑amp electrical service with multiple outlets
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Move-in ready flex warehouse unit with vaulted tin interior, 14' insulated overhead door, and private bathroom.
Where is this flex space located?
The property is located at 721 Industrial Boulevard #B4 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: Move‑in ready 2022 flex commercial garage unit with finished sheetrock walls and durable tin vaulted interior (16'-20' ceilings); 14' insulated overhead door with opener for easy access and loading; Heated and cooled with in‑floor heat and A/C; includes LED lighting and 100‑amp electrical service with multiple outlets
