Building Details

Year Built 2005

Listing Agency: Silverstone Realty

Listed By: Jonathan J Adam Show Phone

Source: Homesearchlive

Added: Aug 24 Changed: Oct 4 Last Checked: Oct 4 at 3:39PM

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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 Silverstone Realty

Investment Insights

Based on property information with market context.

This office condominium unit contains 1,536 square feet within a property constructed in 2005. The asset is identified as an office unit and is offered for sale.

The property is located at 7965 Stone Creek Dr Unit 10 in Chanhassen, Minnesota 55317.

Key Highlights

• 1,536 SF office condominium unit
• Constructed in 2005
• Located at 7965 Stone Creek Dr Unit 10, Chanhassen, MN 55317

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,240

Cap Rate

7.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$364,800 $364.8K

Cap Rate 7%

$260,571 $260.6K

Cap Rate 9%

$202,667 $202.7K

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$33.7K $21.96/SF

− Vacancy

−$9.4K −$6.13/SF

EGI

$24.3K $15.83/SF

− OpEx

−$6.1K −$3.96/SF

NOI

$18.2K $11.87/SF

Area

Carver County, MN

Vacancy

27.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$364,800

Cap Rate 7%

$260,571

Cap Rate 9%

$202,667

Alternative Uses

Best Use

Office B

$260.6K

$228.0K – $304.0K (±1% cap)

NOI $18,240 @ 7.0% cap · market cap 7.30%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$366.5K

$320.7K – $427.5K (±1% cap)

NOI $25,652 @ 7.0% cap · market cap 10.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Inskeep Intellectual Property ... Law Firm Nexus Insurance Solutions Business To Business Service Tesoro Group Employment Agency Mason R. Mcclellan, ... Medical Clinic Linh Calderon - COUNTRY ... Insurance Agency

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Hair Salon Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

Explore this area Business Placement

Demographics for 55317, MN

21,774

Population

8,731

Households

2.5

Avg Household Size

41

Median Age

64%

College-Educated

98%

High-School Grad

13.1 sq mi

ZIP Area

1,662

Density / Sq Mi

$133,573

Median Household Income

$65,655

Median Earnings

$1,763

Median Rent

$505,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office condominium unit offering 1,536 square feet of workspace in a 2005-built property.

Where is this office units located?

The property is located at 7965 Stone Creek Dr Unit 10 Chanhassen, MN.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 1,536 SF office condominium unit; Constructed in 2005; Located at 7965 Stone Creek Dr Unit 10, Chanhassen, MN 55317