Retail/Warehouse Showroom
For Sale
Contact for pricing
8194 Fairview Rd, Baxter, MN 56425
Flex retail showroom with expansive warehouse, shop, and both indoor and outdoor display space on 2.88 acres.
Property Size16,545 SF
Lot Size2.88 Acres
Price / SF$78.57
Days on Market249
Property Features for 8194 Fairview Rd
General Information
Standard status
Active
Size
16,545 SF
Lot size
2.88 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Listing Agency:
Close-Converse Commercial Properties
(218) 828-3334
Listed By:
Christopher C. Close
(218) 831-7510
Source:
Moodyscre
Added: Jan 7
Changed: Sep 11
Last Checked: Sep 13 at 10:08AM
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 16,545 SF retail/warehouse property is configured with a spacious retail showroom plus expansive warehouse and shop areas. The building also includes both indoor and outdoor display space, supported by multiple internal sections totaling the stated building size.
The site is offered on 2.88 acres, with an option to expand by acquiring adjacent land for a total of 6.34 acres. The property is positioned for strong exposure with outstanding highway visibility and traffic exposure.
Layout includes Section A (5,793 SF), Section B (1,559 SF), Section C (3,555 SF), Section D (990 SF), and Section E (4,648 SF). Lot dimensions are listed as 440' x 630' for building and land, with the building portion listed as 200' x 630'.
The site is offered on 2.88 acres, with an option to expand by acquiring adjacent land for a total of 6.34 acres. The property is positioned for strong exposure with outstanding highway visibility and traffic exposure.
Layout includes Section A (5,793 SF), Section B (1,559 SF), Section C (3,555 SF), Section D (990 SF), and Section E (4,648 SF). Lot dimensions are listed as 440' x 630' for building and land, with the building portion listed as 200' x 630'.
Key Highlights
- 16,545 SF retail/warehouse building with a retail showroom plus expansive warehouse and shop areas
- 2.88‑acre lot included, with option to expand by acquiring adjacent land for up to 6.34 acres
- Both indoor and outdoor display space for flexible customer‑facing use
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
$117,714
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
9.05%
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%
$2,354,280
$2.4M
Cap Rate 7%
$1,681,629
$1.7M
Cap Rate 9%
$1,307,933
$1.3M
Market Conditions
NOI Build-Up for 16,545 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
$144.1K $8.71/SF
− Vacancy
−$5.6K −$0.34/SF
EGI
$138.5K $8.37/SF
− OpEx
−$20.8K −$1.26/SF
NOI
$117.7K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
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%
$2,354,280
Cap Rate 7%
$1,681,629
Cap Rate 9%
$1,307,933
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,432 @ 7.0% cap · market cap 11.80%
Second Best
Flex RnD
$2.17M
$1.90M – $2.53M
NOI $151,958 @ 7.0% cap · market cap 11.69%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,872 @ 7.0% cap · market cap 18.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex retail showroom with expansive warehouse, shop, and both indoor and outdoor display space on 2.88 acres.
Where is this flex space located?
The property is located at 8194 Fairview Rd Baxter, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 16,545 SF retail/warehouse building with a retail showroom plus expansive warehouse and shop areas; 2.88‑acre lot included, with option to expand by acquiring adjacent land for up to 6.34 acres; Both indoor and outdoor display space for flexible customer‑facing use
