Property profile

1065 Viking E Dr Maplewood, MN 55109

OFF-MARKET
Retail properties & Spaces
Property ID
US46-0464435
21,900 SF 1 ac lot Built 1973
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Use group NURSERY, GREENHOUSE, FLORIST
Year built 1973
Total area 21,900 SF
Lot 1 ac (43,386 SF)
Zoning code G
APN 09-29-22-31-0002
UPID US46-0464435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1065 Viking E Dr Maplewood, MN 55109
Maplewood metro Census 42301 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2018
7 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A
2018
$500
2018
$500
2017
Price N/A
2017
Price N/A

Zoning & alternative use

G · Maplewood, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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