Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4900 Lakeview Drive Edina, MN 55424

    View on Map
    For Sale
    $729,000

    Lots & Land - Edina, MN

    Lot size:
    0.38 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 4900 Lakeview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    1902824220045
    Lot size
    0.38 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    4396

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gregory W Lawrence

    Listing agent Gregory W Lawrence

    Listing office HomeAvenue Inc 7880 Olson Memorial Highway, St. Louis Park, MN

    Listing date Mar 11, 2026

    MLS# 7034427 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Buildable Lot in Golf Terrace

    This .38 acre buildable site is located in the Golf Terrace/Lakeview neighborhood. The location is in an area of multi-million dollar homes. All builders and developers are welcome, and flexible terms are possible. The city has approved the combined lot for a curb cut on the north lot line, allowing for a garage or driveway in the rear.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.348914
    Latitude
    44.903985

    Nearby Similar for Sale

    • $14

      Professional Office Space Sublease

      Bright, flexible office space available for sublease through May 2028.
      5200 Willson Road, Edina, MN 55424
      View Details
    • $510,000

      Remodeled Office Condo in Edina

      Move-in-ready office condo in Edina's professional corridor.
      7300 France Avenue S, Edina, MN 55435
      View Details
    • $1,200,000

      Premium Lot on Minnehaha Creek

      Exceptional property with new construction potential in a coveted location.
      4023 Wood End Drive, Edina, MN 55424
      View Details
    • $450,000

      Arrowhead Lake Residential Land

      Buildable lake lot in Edina's Indian Hills neighborhood.
      6415 Mccauley Circle, Edina, MN 55439
      View Details
    • $475,000

      Lakefront Lot in Edina

      Rare opportunity to build a dream home on Arrowhead Lake.
      6441 Mccauley Terrace, Edina, MN 55439
      View Details
    • $6,200,000
      11,800 SF

      Retail Space in Edina

      Retail center with excellent accessibility and ample parking.
      4945-4951 W 77th St , Edina, MN
      View Details
    • $2,100,000
      10,350 SF

      Edina Warehouse with Pneumatic System

      10,350 SF warehouse on 1.03 acres in Edina.
      5000 78th St W, Edina, MN
      View Details
    • $1,900,000
      13,574 SF

      Well-Maintained Office Building For Sale

      Office building near MSP Airport, ideal for owner/user or investor.
      7201-7205 Ohms Ln, Edina, MN
      View Details
    • $1,750,000
      3,900 SF

      Edina Office Building For Sale

      Office building for sale in Edina, Minnesota.
      5400 France Ave S, Edina, MN
      View Details
    • $255,000
      2,022 SF

      Office Suite with Exam Rooms

      Well-configured office space with superior visibility and ample parking.
      7300 France Ave S, Edina, MN
      View Details
    • Contact for pricing
      32,000 SF

      Edina Industrial Property For Sale

      32,000 SF industrial property with highway access and visibility.
      7225 Washington Ave S, Edina, MN
      View Details
    • Contact for pricing
      18,300 SF

      Updated Office Building in Edina

      Single-story office building with renovated spaces and highway access.
      4820 W 77th St, Edina, MN
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime .38 acre buildable site in Edina neighborhood.
    Where is this residential land & home lot located?
    The property is located at 4900 Lakeview Drive Edina, MN.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: Buildable .38 acre lot in prime Golf Terrace/Lakeview neighborhood.; Located in an area of multi‑million dollar homes.; City approved curb cut on the north lot line for rear garage/driveway access.
    (612) 716-9473
    We can help!
    Listing Contact
    Gregory W Lawrence
    Real Estate License ID: 20324479
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!