Property profile

1910 42nd W Ave Alexandria, MN 56308

OFF-MARKET
Other warehouses
Property ID
US46-1428003
48,143 SF 6.27 ac lot Built 2019
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 23,940-square-foot industrial facility located in Alexandria’s industrial park with convenient highway access. It provides a climate-controlled interior suitable for manufacturing, distribution, warehousing, or light industrial use. The building is equipped with insulated metal panels, a full sprinkler system, an MR-24 roof, and three-phase power. Site and loading features include two loading docks, oversized doors, and ample parking. Interior/exterior clearances include a 24'11" sidewall height, along with bathrooms for building occupants.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2019
Total area 48,143 SF
Lot 6.27 ac (273,121 SF)
APN 63-3148-260
UPID US46-1428003

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Corporate Office
  • Construction Company
  • Construction Company General Contractor

Location

1910 42nd W Ave Alexandria, MN 56308-0028
Alexandria metro Census 450704 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.75M
Comparable Approach Comparable
$4.78M
Blend (final) Blend
$4.69M

Owner & transaction history

since 2021
4 recorded transactions
2021
$305,000
2020
$300,000
2018
$320,000
2018
$160,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $6.9M +45.1%
Restaurant $6.2M +29.2%
Retail stores $5.2M +8.5%

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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