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

    Lot 3 Block 1 Crestwood Terrace Eden Prairie, MN 55347

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $405,000

    Land available in Eden Prairie, Minnesota.

    Type:Land
    Added:
    Mar 11, 2026
    Days on Market:
    40
    Last Refresh:
    Mar 18 at 12:36 pm

    Property Features for Lot 3 Block 1 Crestwood Terrace

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Nathan H Haasken

    Listing agent Nathan H Haasken

    Listing office Chestnut Realty

    Listing date Mar 11, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Chestnut Realty

    Overview

    Land For Sale

    The property is located off US Hwy 212, south on Dell Road, west on Pioneer Trail, to Crestwood Terrace in Hennepin County. The property is identified as Lot 3 Block 1 Crestwood Terrace, Eden Prairie, MN 55347.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm Auto Parts Store Electronics & Wireless Store Electrical Service Computer & Electronic Repair Tech Support Center Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eden Prairie
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.512434
    Latitude
    44.828944

    Nearby Similar for Sale

    • $350,000

      Residential Land in Eden Prairie

      Residential land for custom home in Minnetonka School District.
      17110 Claycross Way, Eden Prairie, MN 55346
      View Details
    • $399,900

      Eden Prairie Land Opportunity

      Unplatted lot zoned for multi-family development in Eden Prairie.
      Linden Drive, Eden Prairie, MN 55347
      View Details
    • $2,990

      Eden Prairie Commercial Land

      Commercial land available in Eden Prairie, Minnesota.
      7525 Mitchell Road, Eden Prairie, MN 55344
      View Details
    • $455,000

      Residential Land in Eden Prairie

      Spacious lot near Riley Creek, parks, and Lake Riley.
      Lot 5 Block 1 Crestwood Terrace, Eden Prairie, MN 55347
      View Details
    • $405,000

      Residential Lot Backing Riley Creek

      Spacious lot near parks, lake, and LRT trail.
      Lot 3 Block 1 Crestwood Terrace, Eden Prairie, MN 55347
      View Details
    • $245,000

      Vacant Lot in Eden Prairie

      Rare opportunity to build a custom home in Eden Prairie.
      6250 Mallory Lane, Eden Prairie, MN 55346
      View Details
    • $275,000

      Residential Land in Eden Prairie

      Residential land in Minnetonka School District, Eden Prairie, Minnesota.
      6285 Duck Lake Road, Eden Prairie, MN 55346
      View Details
    • $325,000

      Residential Land in Eden Prairie

      Residential land with hilltop views, close to trails.
      13800 Forest Hill Road, Eden Prairie, MN 55346
      View Details
    • $2,950,000
      30,372 SF

      Heavy Industrial Buildings For Sale

      Two industrial buildings totaling 30,360 SF with heavy power.
      6310 Industrial Dr, Eden Prairie, MN
      View Details
    • Contact for pricing
      1,496 SF

      Eden Prairie Office/Warehouse Suites

      Office and warehouse suites available for lease in Eden Prairie.
      9947-9969 Valley View Rd, Eden Prairie, MN
      View Details
    • $2,950,000

      Eden Prairie Industrial Property

      Industrial property available for sale in Eden Prairie, Minnesota.
      6330 Industrial Drive, Eden Prairie, MN 55346
      View Details
    • Contact for pricing
      139,190 SF

      Move-In Ready Broadcast Facility

      Premier Golden Triangle location with move-in ready broadcast facility.
      6698-6740 Shady Oak Rd, Eden Prairie, MN
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Eden Prairie, Minnesota.
    Where is this land located?
    The property is located at Lot 3 Block 1 Crestwood Terrace Eden Prairie, MN.
    What is the asking price?
    The asking price for this property is $405,000.
    What are key features of this property?
    This property features: Hennepin County location; Located off US Hwy 212; Dell Road access
    (952) 448-3344
    We can help!
    Listing Contact
    Nathan H Haasken
    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!