Entity Owned Property summary
This exceptional 108,800-square-foot industrial manufacturing facility, situated on a spacious 19.89-acre lot in Waseca, Minnesota, presents a compelling investment opportunity. Built in 1994 with subsequent expansions in 1996 and 2004, the single-story building features a 16-foot ceiling height, six loading docks, and two drive-in doors. Currently, the property is fully leased to Itron, Inc. under a NNN lease, expiring March 31, 2025. Itron will consolidate to 38,400 square feet within the… building for a five-year term commencing April 1, 2025. This leaves 70,400 square feet available for lease from that date. The entire 108,800 square foot building is available for sale immediately. The asking price is $3,990,000, representing a price per square foot of $36.67 and a pro-forma cap rate of 10.50%, yielding a pro-forma NOI of $419,200. The property boasts numerous upgrades, including a pressurized warehouse with nitrogen access, state-of-the-art security and simplex fire alarm systems, and an RF wall for radio frequency control. Ample parking and a TPO white roof further enhance its appeal. This well-maintained facility offers a low basis, high-quality asset with significant upside potential and the possibility of future expansion on the expansive lot. The property's location in Waseca, MN (zip code 56093) provides easy access to transportation networks.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 108,800 SF
- Lot area
- 0.34 ac
- Year built
- 1994
- APN
- 17.620.0040
- Assessed value · 2023
- $2,093,600
- Annual tax · 2023
- $74,264
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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