New Construction Flex Garage
For Sale
Contact for pricing
9781 NE 71st St, Otsego, MN 55301
Flex garage suites with natural gas heat, 12-by-14 overhead doors, and 18-foot ceilings in the I-94 West Industrial Park.
Property Size1,680 SF
Price / SF$178.57
Days on Market82
Property Features for 9781 NE 71st St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
18 ft
Power
100 amps
Listing Agency:
Acuity Group
(612) 242-1653
Listed By:
Dustin Heggem · License #40416985
(612) 242-1653
Source:
Moodyscre
Added: May 11
Changed: Jul 31
Last Checked: Jul 31 at 11:46AM
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 Acuity Group
Investment Insights
Based on property information with market context.
New construction flex garage suites in the I-94 West Industrial Park at 9781 NE 71st St, Otsego, MN. Base-sized suites are 28' x 60' (1,680 SF), with one larger suite at 58' x 60' (3,480 SF). An additional 16' mezzanine can be added.
Each unit includes natural gas heat and a 100-amp service. Suites are roughed-in for a 3/4 bathroom and include a wash tub, hose bib, and a 5" concrete floor with a floor drain. Parking and loading are supported by a 12' x 14' overhead door and 18' ceilings.
The complex offers direct freeway visibility and is less than 2 miles from the Albertville Interstate 94 on/off ramp.
Each unit includes natural gas heat and a 100-amp service. Suites are roughed-in for a 3/4 bathroom and include a wash tub, hose bib, and a 5" concrete floor with a floor drain. Parking and loading are supported by a 12' x 14' overhead door and 18' ceilings.
The complex offers direct freeway visibility and is less than 2 miles from the Albertville Interstate 94 on/off ramp.
Key Highlights
- Base flex suite size: 28' x 60' (1,680 SF)
- One larger suite: 58' x 60' (3,480 SF)
- Optional 16' mezzanine addition
Financial Insights For Warehouse
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 | $27.2k | $16.20 |
| − Vacancy | −$1.1k | −$0.68 |
| EGI | $26.1k | $15.52 |
| − OpEx | −$3.9k | −$2.33 |
| NOI | $22.2k | $13.19 |
1,680 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$260.7K
$228.1K – $304.2K
NOI $18,251 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55301, MN
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,560
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Broaster Catering Inc — 9957 65th St NE, Albertville, MN 55301
Frequently Asked Questions
What type of property is this?
Flex space - Flex garage suites with natural gas heat, 12-by-14 overhead doors, and 18-foot ceilings in the I-94 West Industrial Park.
Where is this flex space located?
The property is located at 9781 NE 71st St Otsego, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Base flex suite size: 28' x 60' (1,680 SF); One larger suite: 58' x 60' (3,480 SF); Optional 16' mezzanine addition
