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: Sep 10 Last Checked: Sep 13 at 10:34AM

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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 Stack Industrial Partners

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 = 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

$95,288

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

5.78%

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%

$1,905,760 $1.9M

Cap Rate 7%

$1,361,257 $1.4M

Cap Rate 9%

$1,058,756 $1.1M

Market Conditions

NOI Build-Up for 7,027 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

$154.3K $21.96/SF

− Vacancy

−$7.7K −$1.10/SF

EGI

$146.6K $20.86/SF

− OpEx

−$51.3K −$7.30/SF

NOI

$95.3K $13.56/SF

Area

Chisago County, MN

Vacancy

5.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

35.00%

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%

$1,905,760

Cap Rate 7%

$1,361,257

Cap Rate 9%

$1,058,756

Alternative Uses

Best Use

Flex RnD

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,288 @ 7.0% cap · market cap 5.78%

Second Best

Warehouse

$1.32M

$1.16M – $1.54M (±1% cap)

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

Theoretical Best

Office A

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,355 @ 7.0% cap · market cap 7.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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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

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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