Insulated Overhead-Door Warehouse
For Sale
$175,000
B12-721 Industrial Boulevard, Watertown, MN 55388
Functional commercial unit with heat, utility service, storage-oriented improvements, and association-maintained exterior services.
Property Size1,004 SF
Price / SF$174.30
Days on Market60
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for B12-721 Industrial Boulevard
General Information
Standard status
Active
Size
1,004 SF
Warehouse & Industrial
Power
100 amps
Sprinkler System
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,868
Amenities
lawn care
snow removal
refuse removal
security
Listing Agency:
Edina Realty, Inc.
(763) 682-3434
Listed By:
Butcher Real Estate Team
(952) 212-2374
Source:
Exprealty
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 14 at 11:26PM
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 Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,004-square-foot warehouse unit at B12-721 Industrial Boulevard includes finished sheet-rock walls, a tin ceiling, a 14-foot insulated overhead door with opener, LED lighting, in-floor heat, and 100-amp electrical service. A floor trench drain, fire suppression system, spray foam insulation, rough-in bathroom with shower, and structural provisions for a future mezzanine add practical utility. The exterior includes LP siding, an asphalt shingle roof, concrete aprons, and a paved asphalt lot.
Available services include electricity, natural gas, city water and sewer, and phone, cable, and internet. Association responsibilities cover lawn care, snow removal, refuse removal, and security. Commercial zoning supports a range of business and personal storage uses. Planned community features include gated access, security fencing, a wash bay, a dump station, and an owners' lounge. Upcoming unit improvements include a combination boiler/water heater, additional LED bay lighting, extra outlets, a 50-amp RV/camper outlet, a dehumidifier, and an exhaust fan.
Available services include electricity, natural gas, city water and sewer, and phone, cable, and internet. Association responsibilities cover lawn care, snow removal, refuse removal, and security. Commercial zoning supports a range of business and personal storage uses. Planned community features include gated access, security fencing, a wash bay, a dump station, and an owners' lounge. Upcoming unit improvements include a combination boiler/water heater, additional LED bay lighting, extra outlets, a 50-amp RV/camper outlet, a dehumidifier, and an exhaust fan.
Key Highlights
- 1,004‑square‑foot warehouse unit at B12‑721 Industrial Boulevard
- 14‑foot insulated overhead door with opener
- 100‑amp electrical service, in‑floor heat, LED lighting, and floor trench drain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,244
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,880
$264.9K
Cap Rate 7%
$189,200
$189.2K
Cap Rate 9%
$147,156
$147.2K
Market Conditions
NOI Build-Up for 1,004 SF
Gross rent
$16.3K $16.20/SF
− Vacancy
−$683 −$0.68/SF
EGI
$15.6K $15.52/SF
− OpEx
−$2.3K −$2.33/SF
NOI
$13.2K $13.19/SF
Area
Carver 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%
$264,880
Cap Rate 7%
$189,200
Cap Rate 9%
$147,156
Alternative Uses
Best Use
Warehouse
$189.2K
$165.6K – $220.7K
NOI $13,244 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.5K
$209.6K – $279.5K
NOI $16,767 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55388, MN
5,984
Population
2,386
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
96%
High-School Grad
37.6 sq mi
ZIP Area
159
Density / Sq Mi
$92,273
Median Household Income
$48,955
Median Earnings
$998
Median Rent
$333,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Functional commercial unit with heat, utility service, storage-oriented improvements, and association-maintained exterior services.
Where is this warehouse located?
The property is located at B12-721 Industrial Boulevard Watertown, MN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,004‑square‑foot warehouse unit at B12‑721 Industrial Boulevard; 14‑foot insulated overhead door with opener; 100‑amp electrical service, in‑floor heat, LED lighting, and floor trench drain
