Heated Storage Warehouse with Overhead
7826 unit 9 County Rd 42 NE Alexandria, MN 56308
For Sale
$375,000
LAND - Alexandria, MN
Property Size3,840 SF
Lot Size0.11 Acres
Price / SF$97.66
Days on Market47
Property Features for 7826 unit 9 County Rd 42 NE
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 120830140
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1932
Listing Agency:
Counselor Realty Inc of Alex
(320) 762-1111
Listed By:
Jeffrey M Reed
(320) 762-1111
Added: Jun 9
Changed: Jun 29
Last Checked: Jul 25 at 7:06AM
MLS# 7089418
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering features a newly planned storage warehouse within a development limited to 9 units. The 48-by-80 building is designed to be completely insulated and steel lined, with heat provided by in-floor heat and a natural gas boiler. The structure includes two overhead doors, each 14 feet tall, and the building is southeasterly facing to help with winter snow and ice management. Interior amenities are included, with kitchen and bathroom areas as well as loft space.
Access is off a County Highway, supporting easy in-and-out use in any season. The development includes association-maintained lawn and snow removal. Utilities are connected to the ALASD sanitary sewer system and natural gas.
For operators and tenants needing year-round storage with straightforward drive-in access, the heated design and tall overhead doors can support a range of equipment and storage requirements. The presence of a kitchen, bathroom, and loft area adds practical onsite functionality for staff or daily use, while the association-managed exterior maintenance supports consistent property upkeep.
Access is off a County Highway, supporting easy in-and-out use in any season. The development includes association-maintained lawn and snow removal. Utilities are connected to the ALASD sanitary sewer system and natural gas.
For operators and tenants needing year-round storage with straightforward drive-in access, the heated design and tall overhead doors can support a range of equipment and storage requirements. The presence of a kitchen, bathroom, and loft area adds practical onsite functionality for staff or daily use, while the association-managed exterior maintenance supports consistent property upkeep.
Key Highlights
- New 48x80 storage building planned in a development with only 9 units.
- Heated and insulated: steel lined, in‑floor heat powered by a natural gas boiler.
- Includes overhead doors: 2 doors, each 14' tall.
Financial Insights For Self Storage
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 | $49.8k | $12.96 |
| − Vacancy | −$2.5k | −$0.65 |
| EGI | $47.3k | $12.31 |
| − OpEx | −$14.2k | −$3.69 |
| NOI | $33.1k | $8.62 |
3,840 SF · lease $12.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$472.8K
$413.7K – $551.6K
NOI $33,095 @ 7.0% cap · market cap 8.83%
Second Best
Warehouse
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 7.95%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,750 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Newly planned insulated, steel-lined storage building with heated in-floor system and two 14' overhead doors.
Where is this self storage facility located?
The property is located at 7826 unit 9 County Rd 42 NE Alexandria, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: New 48x80 storage building planned in a development with only 9 units.; Heated and insulated: steel lined, in‑floor heat powered by a natural gas boiler.; Includes overhead doors: 2 doors, each 14' tall.
