Log In/Sign Up
Your email has been sent.
260 Morris Ave 3,840 SF Vacant Office Building Hinckley, MN 55037 $369,919 CAD ($96.33 CAD/SF) 7.55% Cap Rate
INVESTMENT HIGHLIGHTS
- well maintained - on one level - paved parking - close to freeway
EXECUTIVE SUMMARY
Real deal here - one owner commercial property - offers 3800 sq ftg- stable renter - 20 plus paved parking spots- close to freeway- well maintained -
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$46,065
|
$12.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$46,065
|
$12.00
|
| Taxes |
$7,678
|
$2.00
|
| Operating Expenses |
$8,376
|
$2.18
|
| Total Expenses |
$16,053
|
$4.18
|
| Net Operating Income |
$30,012
|
$7.82
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $46,065 |
| Annual Per SF | $12.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $46,065 |
| Annual Per SF | $12.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,678 |
| Annual Per SF | $2.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,376 |
| Annual Per SF | $2.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,053 |
| Annual Per SF | $4.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $30,012 |
| Annual Per SF | $7.82 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,840 SF
Building Class
C
Year Built
2004
Price
$369,919 CAD
Price Per SF
$96.33 CAD
Cap Rate
7.55%
NOI
$27,918 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,840 SF
Building FAR
0.04
Lot Size
2.10 AC
Opportunity Zone
Yes
Zoning
C-1 - commercial - industrial
AMENITIES
- 24 Hour Access
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 040.0004.012 | Total Assessment | $393,562 CAD (2025) |
| Land Assessment | $49,777 CAD (2025) | Annual Taxes | $7,678 CAD ($2.00 CAD/SF) |
| Improvements Assessment | $343,785 CAD (2025) | Tax Year | 2024 Payable 3300 |
PROPERTY TAXES
Parcel Number
040.0004.012
Land Assessment
$49,777 CAD (2025)
Improvements Assessment
$343,785 CAD (2025)
Total Assessment
$393,562 CAD (2025)
Annual Taxes
$7,678 CAD ($2.00 CAD/SF)
Tax Year
2024 Payable 3300
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Heartland Realty, Inc
260 Morris Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.