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

    18902-18926 Lake Dr E Chanhassen, MN

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

    Office space for rent with highway access and visibility.

    Type:OFFICE
    Property size:
    1,923 SF
    Lot size:
    1.63 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    450
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 18902-18926 Lake Dr E

    General Information

    Standard status
    Active
    Size
    1,923 SF
    Lot size
    1.63 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 18902-18926 Lake Dr E Contact us

    We can help!

    Listing Contact
    Kris Smeltzer
    Kris Smeltzer

    Listing agent Kris Smeltzer

    Listing office Cushman & Wakefield

    Listing date Feb 5, 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 Cushman & Wakefield

    Overview

    Chanhassen Office Space Available

    This office space is located in a complex owned by Nicola Wealth, which consists of 9 buildings totaling 464,204 square feet. The property offers 1,923 square feet of office space. It provides convenient access to Highway 5 and Highway 212. The location benefits from the availability of numerous area amenities and excellent visibility from Highway 5.
    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
    Chanhassen
    County
    Carver
    State
    Minnesota
    Longitude
    -93.5184
    Latitude
    44.8614

    Nearby Similar for Lease

    • $8 SF/Yr

      Chanhassen Warehouse with Highway Signage

      Flexible warehouse space with prominent signage and convenient highway access.
      2959-2989 Water Tower Pl, Chanhassen, MN
      View Details
    • $7 SF/Yr

      Chanhassen Warehouse Space Available

      8,403 SF warehouse space for rent in Chanhassen, MN.
      1341-1363 Park Rd, Chanhassen, MN
      View Details
    • Contact for pricing

      Chanhassen Commercial Property for Rent

      Large commercial property available for rent in Chanhassen, Minnesota.
      1000 Park Rd, Chanhassen, MN 55317
      View Details
    • $6 SF/Yr

      Functional Warehouse Space Available

      31,200 SF warehouse space for sublease in Chanhassen.
      8085-8175 Century Blvd, Chanhassen, MN
      View Details
    • Contact for pricing

      Chanhassen Flex Space Available

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

      Retail and Office Spaces Available

      Retail and office spaces for lease in Chanhassen, Minnesota.
      580-600 Market St, Chanhassen, MN
      View Details
    • $13 SF/Yr

      Chanhassen Warehouse Space Available

      Industrial space with easy highway access and area amenities.
      18701-18741 Lake Dr E, Chanhassen, MN
      View Details
    • Contact for pricing

      Chanhassen Office Space Available

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

      Retail Space in Chanhassen Corridor

      Retail space in grocer-anchored corridor with high traffic.
      2401-2497 Hwy 7, Chanhassen, MN
      View Details
    • Contact for pricing

      Redeveloped Retail Space in Chanhassen

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

      Industrial Space in Chanhassen

      53,612 SF industrial property available for rent.
      8700 Shelby Ct, Chanhassen, MN
      View Details
    • Contact for pricing

      Retail Space in Chanhassen

      Retail property in Chanhassen, Minnesota, currently 100% leased.
      420-440 Pond Promenade, Chanhassen, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with highway access and visibility.
    Where is this office units located?
    The property is located at 18902-18926 Lake Dr E Chanhassen, MN.
    What are key features of this property?
    This property features: 464,204 total SF in 9 buildings; Easy access to Hwy 5 and Highway 212; Excellent Hwy 5 visibility
    (952) 837-8575 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kris Smeltzer
    Kris Smeltzer
    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

    18902-18926 Lake Dr E, Chanhassen, 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!