Caliber Collision Auto
For Sale
Contact for pricing
7800 Jolly Lane North, Brooklyn Park, MN 55445
Automotive service facility associated with the Caliber Collision brand in Brooklyn Park.
Property Size24,150 SF
Price / SF$162.25
Days on Market64
Property Features for 7800 Jolly Lane North
General Information
Standard status
Active
Size
24,150 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$254,690
Building Details
Year Built
1991
Tenancy
Single
Listing Agency:
Matthews
(239) 994-9643
Listed By:
Daniel Gonzalez · License #SL3463209 (FL)
Source:
Crexi
Added: Jun 30
Changed: Aug 31
Last Checked: Aug 31 at 2:12PM
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 Matthews
Investment Insights
Based on property information with market context.
The property is a 24,150-square-foot automotive service facility at 7800 Jolly Lane North in Brooklyn Park, Minnesota. Built in 1991, the building is identified with the Caliber Collision brand and is presented as corporate-guaranteed.
Its location within the Minneapolis metropolitan statistical area provides an established regional setting for an automotive-oriented commercial property. The asset’s documented use, building size, construction year, tenant branding, and corporate guarantee form the available property profile.
Its location within the Minneapolis metropolitan statistical area provides an established regional setting for an automotive-oriented commercial property. The asset’s documented use, building size, construction year, tenant branding, and corporate guarantee form the available property profile.
Key Highlights
- 24,150‑square‑foot automotive service facility
- Caliber Collision brand association
- Corporate‑guaranteed property
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
$267,321
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
6.82%
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%
$5,346,420
$5.3M
Cap Rate 7%
$3,818,871
$3.8M
Cap Rate 9%
$2,970,233
$3.0M
Market Conditions
NOI Build-Up for 24,150 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
$411.5K $17.04/SF
− Vacancy
−$29.6K −$1.23/SF
EGI
$381.9K $15.81/SF
− OpEx
−$114.6K −$4.74/SF
NOI
$267.3K $11.07/SF
Area
Hennepin County, MN
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,346,420
Cap Rate 7%
$3,818,871
Cap Rate 9%
$2,970,233
Alternative Uses
Best Use
Retail
$3.82M
$3.34M – $4.46M
NOI $267,321 @ 7.0% cap · market cap 6.82%
Second Best
Industrial
$3.75M
$3.28M – $4.37M
NOI $262,359 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,318 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
421k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Shops & Services 20%
Dining 18%
Home Improvements & Furnishings 11%
Walmart
Superstores
133,736 visits/mo
0.4 miles
Target
Superstores
77,554 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
47,936 visits/mo
0.1 miles
McDonald's
Dining
33,186 visits/mo
0.3 miles
Speedway
Shops & Services
20,966 visits/mo
0.3 miles
Demographics for 55445, MN
13,865
Population
4,793
Households
2.9
Avg Household Size
35
Median Age
38%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,778
Density / Sq Mi
$103,227
Median Household Income
$57,417
Median Earnings
$2,053
Median Rent
$311,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AffordableTires LLc — 7609 73rd Ave N, Brooklyn Park, MN 55428
- Dukulysautorepair.com — 8090 Brooklyn Blvd, Minneapolis, MN 55445
- Morrie's Brooklyn Park Subaru Service Center — 7885 Brooklyn Blvd, Minneapolis, MN 55445
- Morrie's Brooklyn Park Subaru Parts Store — 7885 Brooklyn Blvd, Minneapolis, MN 55445
- Auto Glass Tech LLC — 8208 brooklyn blvd, brooklyn park, mn 55445
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service facility associated with the Caliber Collision brand in Brooklyn Park.
Where is this auto shop located?
The property is located at 7800 Jolly Lane North Brooklyn Park, MN.
What is the asking price?
The asking price for this property is $3,918,306.
What are key features of this property?
This property features: 24,150‑square‑foot automotive service facility; Caliber Collision brand association; Corporate‑guaranteed property
