Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    7600 Parklawn Ave Edina, MN

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr ($903 /Mo)

    First floor corner office space with parking in Edina.

    Property size:
    1,204 SF
    Lot size:
    2,666.00 Acres

    Property Features for 7600 Parklawn Ave

    General Information

    Size
    1,204 SF
    Lot size
    2,666.00 Acres

    We can help!

    Listing Contact
    Charlie Nestor
    Source: Moodyscre

    Listing Agent: Charlie Nestor

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

    Learn more

    Overview

    Edina Office Space For Rent

    This is a first-floor corner office space featuring a heavy build-out. The property benefits from adjacent access to parking, entry points, and shared amenities. Ample parking is available. The space measures 1204 square feet and is located on Parklawn Ave in Edina, MN.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4296446
    Latitude
    44.9019949

    Nearby Similar for Lease

    • $52 SF/Yr
      3,800 SF

      Edina Commercial Suite For Lease

      Move-in-ready, renovated commercial suite in prime Edina location.
      4420 Valley View Rd, Edina, MN 55344
      View Details
    • $14 SF/Yr
      1,565 SF

      Professional Office Space in Edina

      Turnkey office suite with flexible terms in a prime location.
      5200 Willson Rd, Edina, MN
      View Details
    • $14 SF/Yr
      2,703 SF

      Customizable Office Space in Edina

      Redeveloped office campus with modern amenities and flexible lease terms.
      4530 W 77 St, Edina, MN
      View Details
    • $18 SF/Yr
      6,068 SF

      Edina Office Space for Lease

      Customizable office spaces with modern amenities in the heart of Edina.
      4550 W 77 St, Edina, MN
      View Details
    • $11 SF/Yr
      541 SF

      Customizable Office Space in Edina

      Redeveloped office campus with modern amenities and customizable spaces.
      4570 W 77 St, Edina, MN
      View Details
    • Contact for pricing
      4,482 SF

      Edina Commerce Center Flex Space

      Flex space in well-located Edina Commerce Center near major arteries.
      5250-5280 W 74Th St, Edina, MN 55344
      View Details
    • Contact for pricing
      4,545 SF

      Edina Medical Office Space

      Medical office space near Fairview Southdale Hospital in Edina, MN.
      3955 Parklawn Ave, Edina, MN
      View Details
    • $14 SF/Yr
      2,031 SF

      Renovated Office Building with Amenities

      Recently renovated office building with on-site amenities and excellent access.
      7701 York Ave S, Edina, MN
      View Details
    • $16 SF/Yr
      63,791 SF

      Modern Office Space with Amenities

      Newly built-out office space with private roofdeck and extensive amenities.
      7700 France Ave S, Edina, MN
      View Details
    • $14 SF/Yr
      10,241 SF

      Edina Flex Space with Warehouse

      Versatile 10,240 RSF space with office and warehouse areas.
      5600-5672 Lincoln Dr, Edina, MN
      View Details
    • Contact for pricing
      12,140 SF

      Medical Office Space For Rent

      Single-tenant medical building near M Health Fairview Hospital.
      6517 Drew Ave S, Edina, MN
      View Details
    • Contact for pricing
      60,082 SF

      Edina Industrial Warehouse Space

      7,321 SF Warehouse - Flexible Lease
      7667 Cahill Rd, Edina, MN 55439
      View Details

    FAQs

    What type of property is this?
    Office space - First floor corner office space with parking in Edina.
    Where is this office space located?
    The property is located at 7600 Parklawn Ave Edina, MN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Heavy build-out already in place; - Adjacent access to parking; - Convenient 1st floor location
    (612) 623-2475
    Request Owner's contact information
    7600 Parklawn Ave Edina, MN
    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.
    7600 Parklawn Ave
    Edina, MN
    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
    7600 Parklawn Ave Edina, MN
    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
    Charlie Nestor
    (612) 623-2475
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.