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

    14550 Excelsior Blvd Minnetonka, MN 55345

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

    Office and retail spaces for rent with highway access.

    Type:Office
    Added:
    Jan 27, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 5 at 11:33 pm

    Property Features for 14550 Excelsior Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 14550 Excelsior Blvd Contact us

    We can help!

    Listing Contact
    Brian Netz
    Brian Netz

    Listing agent Brian Netz

    Listing office Newmark

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark

    Overview

    Office and Retail Space Available

    Located with easy access to Highway 3 (Excelsior Blvd) just west of I-494, this property offers office and retail spaces for rent. The location provides excellent window lines and is situated in close proximity to numerous retail amenities. On-site, local management is available. The gross rental rate includes all expenses except for janitorial services within the space, telephone, and internet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4647
    Latitude
    44.9056

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MN, Minnetonka - County Road

      5125 County Road 101, Unit 2ND, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Carlson Center

      601 Carlson Pkwy, Unit 1050, Minnetonka, MN 55305
      View Details
    • $8 SF/Yr

      Creative Space in Opus Park

      Creative space with warehouse in Minnetonka's Opus business park.
      6010-6012 Blue Circle Dr, Minnetonka, MN
      View Details
    • $16 SF/Yr

      Renovated Salon Space in Minnetonka

      Recently renovated salon space ideal for wellness concepts.
      Greenbrier Rd 10800-11012, Minnetonka, MN
      View Details
    • Contact for pricing

      Minnetonka Office Campus for Lease

      Full campus availability in Minnetonka with customizable space.
      9900 Bren Road East, Minnetonka, MN, 55343
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available for lease near Hwy 169.
      5101 Shady Oak Road, Minnetonka, MN 55343
      View Details
    • Contact for pricing

      Ridgehaven Marketplace Retail Space

      Retail space in a high-traffic shopping center.
      Plymouth Rd & I394 | Minnetonka, MN 55305
      View Details
    • Contact for pricing

      Retail Space in Opus Business Park

      Retail space with visibility and outdoor patio in Minnetonka.
      10999 Red Circle Drive, Minnetonka, MN 55343
      View Details
    • $18 SF/Yr

      Renovated Office Space Near Highway

      Modern office building with highway visibility and convenient amenities.
      13100 Wayzata Blvd, Minnetonka, MN
      View Details
    • Contact for pricing

      Office Space in Carlson Center

      Office building with landscaped grounds and convenient highway access.
      601 Carlson Parkway, Minnetonka, MN, 55305
      View Details
    • $18 SF/Yr

      Carlson Center Office Space Available

      Office spaces available within a 275-acre mixed-use campus.
      301 Carlson Parkway, Minnetonka, MN, 55305
      View Details
    • $18 SF/Yr

      Retail Space in Glen Lake

      Retail space available in neighborhood center anchored by Lunds & Byerly’s.
      14400-14448 Excelsior Blvd, Minnetonka, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office and retail spaces for rent with highway access.
    Where is this office units located?
    The property is located at 14550 Excelsior Blvd Minnetonka, MN.
    What are key features of this property?
    This property features: Easy access on Highway 3 (Excelsior Blvd) just west of I‑494; Gross rent includes everything except janitorial, phone, and internet; Excellent window line
    (612) 430-9947
    We can help!
    Listing Contact
    Brian Netz
    Brian Netz
    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!