Property profile

8201 Hickory NE St Fridley, MN 55432

OFF-MARKET
Other industrial properties
Property ID
US46-1926231
31,452 SF 6 ac lot Built 1991
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a cross-dock refrigerated warehouse and fully equipped truck terminal located in Fridley’s industrial corridor, with connectivity to Interstate 694 and approximately 30 minutes from Minneapolis–St. Paul International Airport. Constructed between 1991 and 1995, it underwent a remodel and high-bay addition completed in 1999. The facility contains 32,178 square feet total, including 3,870 square feet of office space, 14,880 square feet of low-bay cooler area, and 13,428 square feet of high-bay warehouse space, situated on 5.99 acres. It is zoned M-3 Heavy Industrial and configured for transportation, distribution, and cross-dock uses. Building improvements include 32 loading docks plus 1 drive-in door, with bumpers, dock levelers, and seals on all docks; clear heights are approximately 13 feet 6 inches in the low-bay area and 24 feet 6 inches in the high-bay area. On-site trailer storage is provided, along with semi-truck parking and small-vehicle parking. The facility includes improved first-floor office accommodations, updated office amenities, multiple restrooms, and an exterior office building with refreshed exterior finishes.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1991
Construction STEEL FRAME
Total area 31,452 SF
Lot 6 ac (261,223 SF)
APN 03-30-24-14-0009
UPID US46-1926231

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
  • Shipping Company Freight Service
  • Trucking Company
  • Freight Service Logistics Company

Location

8201 Hickory NE St Fridley, MN 55432-1000
Fridley metro Census 51101 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.43M
CAP Approach CAP
$5.14M
Comparable Approach Comparable
$3.20M
Blend (final) Blend
$5.41M

Owner & transaction history

since 2022
Last sale
$5.1M
5 recorded transactions
2022
$5.1M
2021
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.5M +53.2%

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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