Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Minnetonka Office Space For Rent Title is generated by Realmo AI

    9800 E Bren Rd, Minnetonka, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space with highway access and nearby amenities for lease.

    Type:OFFICE
    Property size:
    24,640 SF
    Lot size:
    5.00 Acres
    Added:
    Feb 2, 2023
    Days on Market:
    1200
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 9800 E Bren Rd

    General Information

    Standard status
    Active
    Size
    24,640 SF
    Lot size
    5.00 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 9800 E Bren Rd Contact us

    We can help!

    Listing Contact
    Sam Gleason

    Listing agent Sam Gleason

    Listing office Cushman & Wakefield

    Listing date Feb 2, 2023

    Source Moodyscre

    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 Cushman & Wakefield

    HighLights

    • Quick access to Highways 62, 169, 212
    • Immediate access to 6 mile trail system
    • Natural light from continuous windows
    • Lush scenic suburban surrounding and views
    • Building signage opportunity
    • Numerous nearby dining options

    Overview

    This office space is located in Minnetonka, MN, offering convenient access to Highways 62, 169, and 212. The property benefits from its proximity to a bus stop and a six-mile trail system. Numerous dining options are located nearby. The building provides an opportunity for signage. Continuous windows provide natural light, and the location features lush scenic suburban surroundings and views. The property offers 24,640 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4031
    Latitude
    44.8998

    Nearby Similar for Sale

    • $20

      Minnetonka Office & Medical Space

      Updated office and medical space in well-maintained building.
      2000 Plymouth Road, Minnetonka, MN 55305
      View Details
    • $4,890,000

      Minnetonka Church Building For Sale

      Two-level church on 2.06 acres in excellent condition.
      4215 Fairview Avenue, Minnetonka, MN 55343
      View Details
    • $2,272,800
      16,800 SF

      Minnetonka Pet Hotel For Sale

      Premier pet care facility in Minnetonka, MN with strong demographics.
      6133 Baker Rd, Minnetonka, MN
      View Details
    • $2,500,000
      4,416 SF

      Renovated Stand-Alone Office Building

      Completely renovated office building with modern design and convenient location.
      13815 Ridgedale Dr, Minnetonka, MN
      View Details
    • Contact for pricing
      2,123 SF

      Office Space Near I-394

      Office space with ample parking and convenient highway access.
      5900 Green Oak Dr, Minnetonka, MN
      View Details
    • $7,500,000
      12,544 SF

      Walgreens

      Walgreens in Minnetonka, MN with a corporate-guaranteed lease.
      4950 County Road 101, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      132,604 SF

      Office Space in Park Setting

      Office space with park views, signage, and nearby amenities.
      10350-10380 Bren Rd W, Minnetonka, MN
      View Details
    • Contact for pricing
      225,900 SF

      Former Fortune 500 Headquarters Campus

      225,900 SF lab, office & warehouse space on 24 acres.
      10600-10700 Bren Rd W, Minnetonka, MN
      View Details
    • $1,200,000
      8,040 SF

      Minnetonka Office Building For Sale

      Office building with drive-in door in a desirable location.
      6026 Blue Circle Dr, Minnetonka, MN
      View Details
    • $6,933,333
      12,544 SF

      Established Walgreens in Minnetonka

      Walgreens with drive-through on hard corner with 9+ years remaining.
      4590 County Rd 101, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      106,384 SF

      Minnetonka Office Building For Sale

      106,384 square foot office building in Minnetonka, Minnesota.
      9705 Data Park Dr, Minnetonka, MN
      View Details
    • Contact for pricing
      19,533 SF

      Minnetonka Religious Facility For Sale

      19,533 SF religious facility in Minnetonka, Minnesota.
      2000 Hopkins Crossroad, Minnetonka, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with highway access and nearby amenities for lease.
    Where is this office units located?
    The property is located at 9800 E Bren Rd Minnetonka, MN.
    What are key features of this property?
    This property features: Quick access to Highways 62, 169, 212; Immediate access to 6 mile trail system; Natural light from continuous windows
    (612) 425-6575 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Gleason
    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

    Thank You for Inquiry
    9800 E Bren Rd, Minnetonka, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!