Property summary
This exceptional investment opportunity presents a 20,700-square-foot flex space located at 1065 Viking Dr E in Maplewood, Minnesota, within Ramsey County (zip code 55109). The property, classified as Class B, boasts a stabilized investment profile with a current occupancy rate of 100% and a strong net operating income (NOI) of $210,507, yielding a 9.00% capitalization rate. The asking price is $2,339,000, translating to a price per square foot of $113. The property features one loading dock and a ceiling height of 14 feet, making it suitable for a variety of uses. The building sits on a two-acre lot (APN 09-29-22-31-0002) and is zoned M1. Its location offers excellent visibility to Highway 36 and benefits from the presence of an excess lot across the street. This well-established business enjoys a prime position within its trade area, making it an attractive investment for discerning buyers seeking a stable, high-return property in a desirable location. The property is categorized as Industrial, Mixed Use, and Retail, with a Flex subtype.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
G · Maplewood, MNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for G in Maplewood, MN.
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