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

    4931 77th St W Edina, MN

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

    Infill development site near Highway 100 and I-494.

    Type:LAND
    Lot size:
    1.80 Acres
    Added:
    Jan 9, 2025
    Days on Market:
    474
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 4931 77th St W

    General Information

    Standard status
    Active
    Lot size
    1.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Brian Pankratz

    Listing agent Brian Pankratz

    Listing office CBRE - Minnesota

    Listing date Jan 9, 2025

    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 CBRE - Minnesota

    Overview

    Development Site with Highway Access

    This infill development site includes the right to parking in an adjacent garage. It offers immediate access to Highway 100 and I-494. The zoning allows for multi-family residential, office, hospitality, retail, and medical office uses. Located within Edina Public School District #273, the property is in close proximity to Edina’s office and retail hubs. It is situated 9.3 miles from MSP International Airport and 11 miles from downtown Minneapolis. The site is one block from the 9-mile Creek Trail and two blocks from the planned Fred Richards Park. The site is entitled for a dual branded 235 room hotel.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4296
    Latitude
    44.902

    Nearby Similar for Sale

    • $510,000

      Remodeled Office Condo in Edina

      Move-in-ready office condo in Edina's professional corridor.
      7300 France Avenue S, Edina, MN 55435
      View Details
    • $14

      Professional Office Space Sublease

      Bright, flexible office space available for sublease through May 2028.
      5200 Willson Road, Edina, MN 55424
      View Details
    • $1,200,000

      Premium Lot on Minnehaha Creek

      Exceptional property with new construction potential in a coveted location.
      4023 Wood End Drive, Edina, MN 55424
      View Details
    • $440,000

      Arrowhead Lake Residential Land Opportunity

      Rare lakefront lot in Edina's Indian Hills neighborhood.
      6415 Mccauley Circle, Edina, MN 55439
      View Details
    • $465,000

      Arrowhead Lake Waterfront Lot

      Rare lakefront lot in Edina's Indian Hills neighborhood.
      6441 Mccauley Terrace, Edina, MN 55439
      View Details
    • $6,200,000
      11,800 SF

      Retail Space in Edina

      Retail center with excellent accessibility and ample parking.
      4945-4951 W 77th St , Edina, MN
      View Details
    • $2,100,000
      10,350 SF

      Edina Warehouse with Pneumatic System

      10,350 SF warehouse on 1.03 acres in Edina.
      5000 78th St W, Edina, MN
      View Details
    • $1,900,000
      13,574 SF

      Well-Maintained Office Building For Sale

      Office building near MSP Airport, ideal for owner/user or investor.
      7201-7205 Ohms Ln, Edina, MN
      View Details
    • $1,750,000
      3,900 SF

      Edina Office Building For Sale

      Office building for sale in Edina, Minnesota.
      5400 France Ave S, Edina, MN
      View Details
    • $255,000
      2,022 SF

      Office Suite with Exam Rooms

      Well-configured office space with superior visibility and ample parking.
      7300 France Ave S, Edina, MN
      View Details
    • Contact for pricing
      32,000 SF

      Edina Industrial Property For Sale

      32,000 SF industrial property with highway access and visibility.
      7225 Washington Ave S, Edina, MN
      View Details
    • Contact for pricing
      18,300 SF

      Updated Office Building in Edina

      Single-story office building with renovated spaces and highway access.
      4820 W 77th St, Edina, MN
      View Details

    FAQs

    What type of property is this?
    Land - Infill development site near Highway 100 and I-494.
    Where is this land located?
    The property is located at 4931 77th St W Edina, MN.
    What are key features of this property?
    This property features: Infill development site **entitled for a dual branded 235 room hotel.**; Zoning allows for multi‑family residential, office, hospitality, retail, and medical office.; Immediate access to Highway 100 and I‑494.
    (952) 924-4665 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Pankratz
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!