Listing Agency: Commercial Equities Group Inc

Listed By: Jeff Salzbrun · License #MN Show Phone

Source: Crexi

Added: Nov 22, 2023 Changed: Sep 20 Last Checked: Oct 4 at 9:42AM

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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 Commercial Equities Group Inc

Investment Insights

Based on property information with market context.

A mixed-use property is available for sale. The property has a size of 13120 square feet.

Key Highlights

• No property information was provided to extract selling points.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$155,866

Cap Rate

8.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,117,320 $3.1M

Cap Rate 7%

$2,226,657 $2.2M

Cap Rate 9%

$1,731,844 $1.7M

Market Conditions

NOI Build-Up for 13,120 SF

Gross rent

$283.4K $21.60/SF

− Vacancy

−$34.0K −$2.59/SF

EGI

$249.4K $19.01/SF

− OpEx

−$93.5K −$7.13/SF

NOI

$155.9K $11.88/SF

Area

Dakota County, MN

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,117,320

Cap Rate 7%

$2,226,657

Cap Rate 9%

$1,731,844

Alternative Uses

Best Use

Mixed Use

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,866 @ 7.0% cap · market cap 8.91%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$3.23M

$2.83M – $3.77M (±1% cap)

NOI $226,005 @ 7.0% cap · market cap 12.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Butcher Garden Center Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,510

Businesses Nearby

Explore this area Business Placement

Demographics for 55124, MN

56,353

Population

21,894

Households

2.6

Avg Household Size

39

Median Age

46%

College-Educated

96%

High-School Grad

16.9 sq mi

ZIP Area

3,334

Density / Sq Mi

$99,354

Median Household Income

$54,786

Median Earnings

$1,676

Median Rent

$354,200

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property available for purchase.

Where is this mixed-use property located?

The property is located at 7600 147th St W Apple Valley, MN.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: No property information was provided to extract selling points.