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

    18751-18791 Lake Dr E Chanhassen, MN 55317

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    30,402 SF warehouse with dock and grade level loading.

    Property size:
    30,402 SF
    Lot size:
    8.49 Acres

    Property Features for 18751-18791 Lake Dr E

    General Information

    Size
    30,402 SF
    Lot size
    8.49 Acres

    We can help!

    Listing Contact
    Kris Smeltzer
    Kris Smeltzer
    Source: Moodyscre

    Listing Agent: Kris Smeltzer

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

    Learn more

    Overview

    Chanhassen Warehouse with Highway Visibility

    This 30,402 square foot warehouse property is located in Chanhassen, Minnesota. The property is part of a larger complex owned by Nicola Wealth, which comprises 464,204 square feet across nine buildings. The single-story building features plentiful parking and offers convenient access to I-494 and Highway 212. The available space is an endcap unit with good glassline and excellent visibility from Highway 5. Loading is facilitated by both dock and grade level doors.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Chanhassen
    County
    Carver
    State
    Minnesota
    Longitude
    -93.5158173
    Latitude
    44.8593437

    Nearby Similar for Lease

    • $8 SF/Yr
      9,344 SF

      Chanhassen Warehouse with Highway Signage

      Flexible warehouse space with prominent signage and convenient highway access.
      2959-2989 Water Tower Pl, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      22,368 SF

      Chanhassen Flex Space Available

      Flex space ideal for tech, R&D, or light manufacturing.
      1460 Lake Dr West, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      36,360 SF

      Redeveloped Retail Space in Chanhassen

      Redeveloped retail space with flexible opportunities in the heart of Chanhassen.
      7900 Kerber Dr, Chanhassen, MN
      View Details
    • Contact for pricing
      22,368 SF

      Chanhassen Flex Space Available

      Flex space ideal for tech, R&D, or light manufacturing.
      1490 Lake Dr W, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      44,424 SF

      Chanhassen Retail Space Available

      Prime Chanhassen storefront, multiple units.
      600 Market St, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      145,900 SF

      New Industrial Development in Chanhassen

      New industrial development with easy access to Highway 212.
      Hwy 212 & Powers Blvd, Chanhassen, MN
      View Details
    • Contact for pricing
      2,003 SF

      Retail Space in Chanhassen Corridor

      Retail space in grocer-anchored corridor with high traffic.
      2401-2497 Hwy, Chanhassen, MN
      View Details
    • Contact for pricing
      156,333 SF

      Chanhassen Warehouse and Distribution Space

      Warehouse and distribution property with highway access and visibility.
      19011 Lake Dr E, Chanhassen, MN 55317
      View Details
    • $6 SF/Yr
      31,200 SF

      Functional Warehouse Space Available

      31,200 SF warehouse space for sublease in Chanhassen.
      8085-8175 Century Blvd, Chanhassen, MN 55317
      View Details
    • $13 SF/Yr
      11,370 SF

      Chanhassen Warehouse Space Available

      Industrial space with easy highway access and area amenities.
      18701-18741 Lake Dr E, Chanhassen, MN 55317
      View Details
    • $14 SF/Yr
      6,640 SF

      Two-Story Office Space Available Now

      6,640 SF office space with elevator and security access.
      2410 Galpin Ct, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      6,648 SF

      Chanhassen Office Space Available

      Office space for rent with highway visibility and area amenities.
      18860-18900 Lake Dr E, Chanhassen, MN 55317
      View Details

    FAQs

    What type of property is this?
    Warehouse - 30,402 SF warehouse with dock and grade level loading.
    Where is this warehouse located?
    The property is located at 18751-18791 Lake Dr E Chanhassen, MN.
    What are key features of this property?
    This property features: - Excellent Hwy 5 visibility; - Easy access to I-494 and Highway 212; - 464,204 total SF in 9 buildings
    (952) 837-8575
    Request Owner's contact information
    18751-18791 Lake Dr E Chanhassen, MN 55317
    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.
    18751-18791 Lake Dr E
    Chanhassen, MN 55317
    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
    18751-18791 Lake Dr E Chanhassen, MN 55317
    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
    Kris Smeltzer
    Kris Smeltzer
    (952) 837-8575
    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.