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

    1501 Plymouth Rd Minnetonka, MN 55305

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

    Retail property available for lease in Minnetonka, Minnesota.

    We can help!

    Listing Contact
    Rob Wise
    Source: Cbre

    Listing Agent: Rob Wise

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

    Learn more

    Property Insight Report

    Overview

    Retail Space for Lease

    Located at 1501 Plymouth Road in Minnetonka, Minnesota, this property is available for lease. It is classified as a retail property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4428554
    Latitude
    44.9689686

    Nearby Similar for Lease

    • Contact for pricing

      Carlson Center

      Discover many ways to work your way in Carlson Center
      601 Carlson Pkwy, Minnetonka, MN 55305
      View Details
    • Sponsored
      Contact for pricing

      MN, Minnetonka - County Road

      Workspaces, services and support to help you work better in Market Street
      5125 County Road 101, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Medical Development Opportunity in Minnetonka

      Proposed medical development opportunity in Minnetonka, Minnesota.
      14317 Excelsior Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available near major highways and amenities.
      10901-10955 Bren Rd East, Minnetonka, MN 55343
      View Details
    • Contact for pricing

      Move-in Ready Office Sublease

      Sublease available through 8/31/2027 with private offices and open workspaces.
      701 Carlson Pkwy, Minnetonka, MN 55305
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces for rent with highway access.
      14550 Excelsior Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available for lease near Hwy 169.
      5101 Shady Oak Rd, Minnetonka, MN 55343
      View Details
    • $8 SF/Yr
      5,200 SF

      Creative Space in Opus Park

      Creative space with warehouse in Minnetonka's Opus business park.
      6010-6012 Blue Circle Dr, Minnetonka, MN 55343
      View Details
    • $15 SF/Yr
      2,921 SF

      Class A Office Space

      Boutique office building in Opus business park, Minnetonka.
      5850 Opus Pkwy, Minnetonka, MN 55343
      View Details
    • $19 SF/Yr
      4,409 SF

      Minnetonka Office Space for Rent

      Renovated office space with Class A amenities and convenient location.
      12701 Whitewater Dr, Minnetonka, MN 55343
      View Details
    • $25 SF/Yr
      1,081 SF

      Exceptional Office Location in Minnetonka

      Premier office space in Minnetonka's Crescent Ridge Corporate Center.
      11100 Wayzata Blvd, Minnetonka, MN 55305
      View Details
    • $20 SF/Yr
      3,349 SF

      Executive Office Building Near Ridgedale

      Boutique office building with high-end finishes and convenient location.
      12455 Ridgedale Dr, Minnetonka, MN 55305
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for lease in Minnetonka, Minnesota.
    Where is this retail property located?
    The property is located at 1501 Plymouth Rd Minnetonka, MN.
    What are key features of this property?
    This property features: - Retail property for lease; - Located in Minnetonka, Minnesota
    (612) 336-4274
    Request Owner's contact information
    1501 Plymouth Rd Minnetonka, MN 55305
    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.
    1501 Plymouth Rd
    Minnetonka, MN 55305
    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
    1501 Plymouth Rd Minnetonka, MN 55305
    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
    Rob Wise
    (612) 336-4274
    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!