End-Unit Flex Space with
For Sale
$129,900
Pending
A-1064 S Victory Dr, Mankato, MN 56001
A compact workspace pairs climate control and a floor drain with flexible loft storage.
Property Size960 SF
Days on Market26
Property Features for A-1064 S Victory Dr
General Information
Standard status
Pending
Size
960 SF
Taxes and HOA fees
Annual Taxes
$1,497
Listing Agency:
True Real Estate
(507) 345-8783
Listed By:
Elizabeth Crandall
(763) 221-3083
Source:
Exprealty
Added: Sep 17
Changed: Oct 10
Last Checked: Oct 11 at 6:56AM
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 True Real Estate
Investment Insights
Based on property information with market context.
This end-unit flex space offers 960 square feet, including a loft with built-in storage. Forced-air heating and air conditioning serve the unit, which also has an epoxy-coated floor and a floor drain. A bathroom rough-in is in place for fixture installation.
The property is located at A-1064 S Victory Dr in Mankato, Minnesota.
The property is located at A-1064 S Victory Dr in Mankato, Minnesota.
Key Highlights
- 960‑square‑foot end unit with a loft
- Built‑in storage areas in the loft
- Forced‑air heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,114
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,280
$142.3K
Cap Rate 7%
$101,629
$101.6K
Cap Rate 9%
$79,044
$79.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$11.5K $12.00/SF
− Vacancy
−$576 −$0.60/SF
EGI
$10.9K $11.40/SF
− OpEx
−$3.8K −$3.99/SF
NOI
$7.1K $7.41/SF
Area
Blue Earth County, MN
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,280
Cap Rate 7%
$101,629
Cap Rate 9%
$79,044
Alternative Uses
Best Use
Flex RnD
$101.6K
$88.9K – $118.6K
NOI $7,114 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$80.4K
$70.3K – $93.8K
NOI $5,625 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$189.7K
$166.0K – $221.4K
NOI $13,282 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A compact workspace pairs climate control and a floor drain with flexible loft storage.
Where is this flex space located?
The property is located at A-1064 S Victory Dr Mankato, MN.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 960‑square‑foot end unit with a loft; Built‑in storage areas in the loft; Forced‑air heating and air conditioning
