1065 Viking E Dr, Maplewood, MN 55109
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G · Maplewood, MNMaplewood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.