Building Details

Buildings 3

Stories 2

Building Size 5,795 SF

Listing Agency: Stack Industrial Partners Show Phone

Listed By: Chris Weirens Show Phone

Source: Moodyscre

Added: Apr 8 Changed: Oct 26 Last Checked: Oct 28 at 11:34AM

Report an Issue

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 Stack Industrial Partners

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex space provides a mix of warehouse and office improvements designed for flexible operations. The main building totals approximately 5,795 SF, with an additional warehouse area of approximately 2,348 SF and office space of approximately 2,934 SF on the 1st level plus approximately 513 SF on the 2nd level.

Loading includes two drive-ins sized 12'W x 14'H and one drive-in sized 14'W x 14'H. The facility offers a clear height of 16' and outdoor storage described as IOS with a CUP. Electrical service is rated at 400 amp, 208v, 3 phase.

Additional building details include an EPDM roof with rock ballast, LED and fluorescent lighting, and climate control via forced air/unit heaters. The parcel size is approximately 2.75 acres, with an outbuilding of approximately 1,180 SF to support storage and overflow needs.

Key Highlights

• Approx. 7,027 SF flex space with office (2,934 SF 1st level, 513 SF 2nd level) and warehouse (2,348 SF)
• Loading: two drive‑ins 12'W x 14'H and one drive‑in 14'W x 14'H
• Clear height of 16' for warehouse use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,698

Cap Rate

5.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,853,960 $1.9M

Cap Rate 7%

$1,324,257 $1.3M

Cap Rate 9%

$1,029,978 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,027 SF

Gross rent

$113.8K $16.20/SF

− Vacancy

−$4.8K −$0.68/SF

EGI

$109.1K $15.52/SF

− OpEx

−$16.4K −$2.33/SF

NOI

$92.7K $13.19/SF

Area

Washington County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,853,960

Cap Rate 7%

$1,324,257

Cap Rate 9%

$1,029,978

Alternative Uses

Best Use

Warehouse

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,698 @ 7.0% cap · market cap 5.62%

Second Best

Flex RnD

$1.12M

$981.5K – $1.31M (±1% cap)

NOI $78,516 @ 7.0% cap · market cap 4.76%

Theoretical Best

Office A

$1.95M

$1.71M – $2.28M (±1% cap)

NOI $136,632 @ 7.0% cap · market cap 8.28%

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

Flex space

Lease Details

16 ft

Clear height

3

Drive-in doors

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Explore this area Business Placement

Demographics for 55025, MN

25,784

Population

10,522

Households

2.5

Avg Household Size

40

Median Age

36%

College-Educated

94%

High-School Grad

77.1 sq mi

ZIP Area

334

Density / Sq Mi

$95,993

Median Household Income

$51,041

Median Earnings

$1,355

Median Rent

$385,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Flex space combining warehouse and office areas with drive-in loading and strong on-site electrical capacity.

Where is this flex space located?

The property is located at 9541 152nd Ave NE Columbus, MN.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Approx. 7,027 SF flex space with office (2,934 SF 1st level, 513 SF 2nd level) and warehouse (2,348 SF); Loading: two drive‑ins 12'W x 14'H and one drive‑in 14'W x 14'H; Clear height of 16' for warehouse use