Flex Space with Overhead
New
For Sale
Contact for pricing
7745 Goedderz Road, 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 Market5
Property Features for 7745 Goedderz Road
General Information
Standard status
Active
Size
5,664 SF
Total Parking Spaces
10
Property subtype
Office, Industrial
Zoning
Industrial Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Close-Converse Commercial Properties
Listed By:
Chris Close, CCIM · License #MN 20286846
Source:
Crexi
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 3:28PM
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 Properties
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 = 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
$52,021
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
7.49%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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 Road 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
