Flex Space with Overhead
For Sale
$695,000
7745 Goedderz Rd, Baxter, MN 56425
Adaptable facility combines professional offices, shop space, and warehouse functionality for a range of commercial operations.
Property Size5,664 SF
Price / SF$122.70
Days on Market47
Property Features for 7745 Goedderz Rd
General Information
Standard status
Active
Size
5,664 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
Close-Converse Commercial Prop
Listed By:
Nate Grotzke · License #20450114
(218) 828-3334
Source:
Tayloronken
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 7 at 2:59PM
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 Close-Converse Commercial Prop
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Investment Insights
Based on property information with market context.
This 5,664-square-foot flex property combines a finished office component with functional industrial space. The office area includes four private offices, a reception area, and two restrooms, while the balance of the facility provides a shop area and warehouse space. Two overhead doors support loading and equipment access.
The property is situated in Baxter Industrial Park near Hwy 371 and Hwy 210, providing connections throughout the Brainerd/Baxter area and surrounding markets. Its combination of office, shop, and storage areas accommodates contractors, service businesses, distribution operations, and light industrial users, as well as an owner-occupant seeking an integrated workspace.
The property is situated in Baxter Industrial Park near Hwy 371 and Hwy 210, providing connections throughout the Brainerd/Baxter area and surrounding markets. Its combination of office, shop, and storage areas accommodates contractors, service businesses, distribution operations, and light industrial users, as well as an owner-occupant seeking an integrated workspace.
Key Highlights
- 5,664 square feet of flex space
- Four private offices with reception area
- Two restrooms included in the office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,021
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,420
$1.0M
Cap Rate 7%
$743,157
$743.2K
Cap Rate 9%
$578,011
$578.0K
Market Conditions
NOI Build-Up for 5,664 SF
Gross rent
$85.0K $15.00/SF
− Vacancy
−$4.9K −$0.87/SF
EGI
$80.0K $14.13/SF
− OpEx
−$28.0K −$4.95/SF
NOI
$52.0K $9.18/SF
Area
Crow Wing County, MN
Vacancy
5.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,420
Cap Rate 7%
$743,157
Cap Rate 9%
$578,011
Alternative Uses
Best Use
Office B
$917.6K
$802.9K – $1.07M
NOI $64,230 @ 7.0% cap · market cap 9.24%
Second Best
Flex RnD
$743.2K
$650.3K – $867.0K
NOI $52,021 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,172 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable facility combines professional offices, shop space, and warehouse functionality for a range of commercial operations.
Where is this flex space located?
The property is located at 7745 Goedderz Rd Baxter, MN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,664 square feet of flex space; Four private offices with reception area; Two restrooms included in the office area
