Flex Space with Drive-In
For Sale
Contact for pricing
918 Pendant Lane Northwest, Rochester, MN 55901
Light industrial space combines office improvements, heavy power, utilities, and loading access for operational flexibility.
Property Size20,800 SF
Price / SF$168.27
Days on Market60
Property Features for 918 Pendant Lane Northwest
General Information
Standard status
Active
Size
20,800 SF
Property subtype
Retail, Mixed Use, Office
Site & Location
Neighborhood
The Manor
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Listing Agency:
Realty Growth Incorporated
Listed By:
Robert Bucky Beeman · License #MN 40149580
Source:
Crexi
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 28 at 8:31AM
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 Realty Growth Incorporated
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Investment Insights
Based on property information with market context.
This 20,800-square-foot flex property includes built-out office areas within a light industrial facility. The building provides 20-foot clear height, drive-in doors, heavy power, and utilities, supporting a range of operational and storage requirements.
The property is located near Hwy 14 and West Circle Dr in Rochester, Minnesota. The owner is open to selling or leasing back a portion of the premises for ongoing business operations, creating flexibility around occupancy and use of the space.
The property is located near Hwy 14 and West Circle Dr in Rochester, Minnesota. The owner is open to selling or leasing back a portion of the premises for ongoing business operations, creating flexibility around occupancy and use of the space.
Key Highlights
- 20,800 SF flex property
- 20‑foot clear height
- Drive‑in doors for loading access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,433
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,660
$3.4M
Cap Rate 7%
$2,434,757
$2.4M
Cap Rate 9%
$1,893,700
$1.9M
Market Conditions
NOI Build-Up for 20,800 SF
Gross rent
$274.6K $13.20/SF
− Vacancy
−$12.4K −$0.59/SF
EGI
$262.2K $12.61/SF
− OpEx
−$91.8K −$4.41/SF
NOI
$170.4K $8.19/SF
Area
Rochester, MN
Vacancy
4.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,660
Cap Rate 7%
$2,434,757
Cap Rate 9%
$1,893,700
Alternative Uses
Best Use
Office B
$5.48M
$4.79M – $6.39M
NOI $383,292 @ 7.0% cap · market cap 10.95%
Second Best
Flex RnD
$2.43M
$2.13M – $2.84M
NOI $170,433 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$8.01M
$7.01M – $9.35M
NOI $560,781 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55901, MN
58,046
Population
24,852
Households
2.3
Avg Household Size
36
Median Age
50%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
1,754
Density / Sq Mi
$90,430
Median Household Income
$52,778
Median Earnings
$1,321
Median Rent
$290,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial space combines office improvements, heavy power, utilities, and loading access for operational flexibility.
Where is this flex space located?
The property is located at 918 Pendant Lane Northwest Rochester, MN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 20,800 SF flex property; 20‑foot clear height; Drive‑in doors for loading access
