Industrial Space with Expansion
For Sale
$1,995,000
Vadnais, Saint Paul, MN 55127
Industrial space with convenient access to highways and future expansion.
Property Size14,010 SF
Price / SF$142.40
Days on Market269
Property Features for Vadnais
General Information
Standard status
Active
Size
14,010 SF
Property subtype
Industrial
Listing Agency:
Cetra Partners
Listed By:
Dan Friedner
(612) 430-9991
Source:
Nmrk
Added: Jan 27
Changed: Oct 22
Last Checked: Oct 23 at 4:51AM
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 Cetra Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial space, located with convenient access to Highway 96, Interstate 35E, and Interstate 694, offers a blend of warehouse and office areas. The property features a restored roof from 2017 and is equipped with five AC roof top units, an air exhaust handler, and an air compressor. Heavy power is available. The layout includes a 10,110 square foot warehouse, a 1,200 square foot office on the first floor, and a 2,700 square foot office on the second floor. The property also presents a future expansion opportunity.
Key Highlights
- Convenient access to Highway 96, Interstate 35E, and Interstate 694.
- Heavy Power.
- Future Expansion Opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,367
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,340
$3.3M
Cap Rate 7%
$2,376,671
$2.4M
Cap Rate 9%
$1,848,522
$1.8M
Market Conditions
NOI Build-Up for 14,010 SF
Gross rent
$307.7K $21.96/SF
− Vacancy
−$85.8K −$6.13/SF
EGI
$221.8K $15.83/SF
− OpEx
−$55.5K −$3.96/SF
NOI
$166.4K $11.87/SF
Area
Ramsey County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,327,340
Cap Rate 7%
$2,376,671
Cap Rate 9%
$1,848,522
Alternative Uses
Best Use
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,815 @ 7.0% cap · market cap 9.26%
Second Best
Office B
$2.38M
$2.08M – $2.77M
NOI $166,367 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,975 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55127, MN
18,071
Population
7,825
Households
2.3
Avg Household Size
47
Median Age
53%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,339
Density / Sq Mi
$113,355
Median Household Income
$62,148
Median Earnings
$1,764
Median Rent
$409,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space with convenient access to highways and future expansion.
Where is this warehouse located?
The property is located at Vadnais Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Convenient access to Highway 96, Interstate 35E, and Interstate 694.; Heavy Power.; Future Expansion Opportunity.
