Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Pheasant Ridge Dr NE Blaine, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial space suitable for distribution, manufacturing, office, warehouse, technology.

    Type:INDUSTRIAL
    Property size:
    159,480 SF
    Lot size:
    10.05 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    190
    Last Refresh:
    Mar 30 at 11:17 pm

    Property Features for Pheasant Ridge Dr NE

    General Information

    Standard status
    Active
    Size
    159,480 SF
    Lot size
    10.05 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at Pheasant Ridge Dr NE Contact us

    We can help!

    Listing Contact
    Joseph Owen

    Listing agent Joseph Owen

    Listing office Colliers

    Listing date Sep 24, 2025

    Source Moodyscre

    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 Colliers

    Overview

    Industrial Space in Lexington Preserve

    Lexington Preserve Business Park, developed by CSM, offers industrial space ranging from 30,000 to 160,000 square feet across three sites. These sites are suitable for tenants requiring distribution, manufacturing, office, warehouse, or technology facilities. Located in the growing North Central submarket, this site provides an opportunity to strengthen your business through the development of space tailored to your brand. The property is located on Pheasant Ridge Dr NE, Blaine, MN.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Blaine
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2349
    Latitude
    45.1608

    Nearby Similar for Lease

    • Contact for pricing

      Modern Retail Space in Blaine

      Retail space in a modern, Starbucks-anchored shopping center.
      4190 108th Ave NE, Blaine, MN
      View Details
    • Contact for pricing

      Retail Space Near Northtown Mall

      Redeveloped retail space with excellent visibility and convenient parking.
      8949 University Ave NE, Blaine, MN 55434
      View Details
    • $17/mo

      Move-in Ready Flex Space

      Flex space with office and heated warehouse, remodeled and convenient.
      3543 88th Ave NE, Blaine, MN
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with high visibility and ample parking available for rent.
      10945 Ulysses St NE, Blaine, MN
      View Details
    • Contact for pricing

      Retail Space Near Highway 65

      Retail space available in a high-traffic Blaine location.
      12555 Ulysses St NE, Blaine, MN
      View Details
    • Contact for pricing

      Medical Office Space Available

      Class A medical office building with highway visibility and ample parking.
      11855 NE Ulysses St, Blaine, MN
      View Details
    • Contact for pricing

      Retail Space in Vibrant Center

      Retail spaces available in a conveniently located retail center.
      10950 Club West Pkwy NE, Blaine, MN
      View Details
    • Contact for pricing

      Blaine Office Space For Rent

      Office space available in Blaine, 20 minutes from Minneapolis.
      3787 95th Ave NE, Blaine, MN
      View Details
    • $18/mo

      Retail Space on Jefferson Street

      Retail space with high visibility and signage opportunities available for lease.
      11700 Jefferson St NE, Blaine, MN
      View Details
    • $10/mo

      Blaine Warehouse Space Available

      5,500 SF warehouse space with dock door for lease.
      1630 91st NE Ave, Blaine, MN
      View Details
    • Contact for pricing

      Manufacturing/Office Warehouse Building For Sale

      Stand-alone manufacturing/office warehouse with expansion potential and flexible zoning.
      4131 Pheasant Ridge Dr NE, Blaine, MN
      View Details
    • Contact for pricing

      Retail/Medical Space in Blaine, MN

      Located in Blaine, MN, with direct visibility to Highway 10.
      255 County Hwy 10, Blaine, MN
      View Details

    FAQs

    What type of property is this?
    Distribution property - Industrial space suitable for distribution, manufacturing, office, warehouse, technology.
    Where is this distribution property located?
    The property is located at Pheasant Ridge Dr NE Blaine, MN.
    What are key features of this property?
    This property features: Flexible industrial space available from 30,000 - 160,000 SF.; Suitable for Distribution, Manufacturing, Office, Warehouse, or Technology facilities.; Located in the growing North Central submarket.
    (952) 221-5360
    We can help!
    Listing Contact
    Joseph Owen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!