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

    775 Prairie Center Dr Eden Prairie, MN 55344

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building in Eden Prairie with natural light and views.

    We can help!

    Listing Contact
    Jim Freytag
    Source: Cbre

    Listing Agent: Jim Freytag

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

    Learn more

    Property Insight Report

    Overview

    Flagship Corporate Center Office Space

    Flagship Corporate Center offers a variety of features, including an outdoor patio overlooking natural wetlands, an abundance of natural light, and an atrium-style lobby with views. Located in Eden Prairie, the area is recognized as a desirable place to live and work. The city includes 37 parks, 17 lakes, and 200 miles of sidewalks and trails. New housing developments, both single and multi-family, are under construction in the city, with more than 5,100 units planned.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eden Prairie
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4381551
    Latitude
    44.8577397

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Crosstown Corporate

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      6385 Old Shady Oak Rd, Eden Prairie, MN 55344
      View Details
    • New
      Contact for pricing
      46,112 SF

      Eden Prairie Data Center Space

      Data center space with supplemental cooling and backup power.
      8995 Columbine Rd, Eden Prairie, MN 55347
      View Details
    • New
      Contact for pricing
      43,458 SF

      Eden Prairie Office/Warehouse Space

      Office and warehouse space with high ceilings and ample parking.
      7800 Equitable Dr, Eden Prairie, MN 55344
      View Details
    • New
      Contact for pricing
      39,390 SF

      Light Industrial Office Opportunity

      Low-rise light industrial office with warehouse space and ample parking.
      7693-7699 Anagram Dr, Eden Prairie, MN 55344
      View Details
    • New
      Contact for pricing
      38,536 SF

      Modern Office Space For Rent

      Spacious office with modern amenities and convenient location in Eden Prairie.
      8911 Columbine Rd, Eden Prairie, MN 55347
      View Details
    • New
      Contact for pricing
      189,500 SF

      Eden Prairie Office Space Available

      Office space with lake access, fitness center, and training room.
      10400 Viking Dr, Eden Prairie, MN 55344
      View Details
    • New
      Contact for pricing
      8,639 SF

      Eden Prairie Office Space For Rent

      Flexible office space in a bustling Eden Prairie business district.
      7615 Smetana Ln, Eden Prairie, MN 55344
      View Details
    • Contact for pricing

      Eden Prairie Lakeside Office Space

      Office space for lease in prime Eden Prairie location.
      11000 Prairie Lake Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease with move-in ready and custom options.
      6442 City West Pkwy West Pky, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      4,493 SF

      Eden Prairie Office Space Available

      Office space for lease near highways and surrounding cities.
      6520-6532 Edenvale Blvd, Eden Prairie, MN 55346
      View Details
    • Contact for pricing
      17,101 SF

      Eden Prairie Flex/Showroom Space

      3080 SF flex space suitable for showroom conversion.
      6550-6572 Edenvale Blvd, Eden Prairie, MN 55346
      View Details
    • Contact for pricing
      2,764 SF

      Eden Prairie Office For Sale

      Office property in Eden Prairie with ample parking and conference room.
      10125 Crosstown Cir, Eden Prairie, MN 55344
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Eden Prairie with natural light and views.
    Where is this office building located?
    The property is located at 775 Prairie Center Dr Eden Prairie, MN.
    What are key features of this property?
    This property features: - Located in Eden Prairie, consistently ranked as a top place to live, work, and play.; - Features an **outdoor patio overlooking natural wetlands.**; - **Abundance of natural light** throughout the building.
    (952) 924-4616
    Request Owner's contact information
    775 Prairie Center Dr Eden Prairie, MN 55344
    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.
    775 Prairie Center Dr
    Eden Prairie, MN 55344
    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
    775 Prairie Center Dr Eden Prairie, MN 55344
    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

    We can help!
    Listing Contact
    Jim Freytag
    (952) 924-4616
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!