Office/Warehouse Flex
4950 78th St W Edina, MN 55435
New
4950 78th St W, Edina, MN, 55435
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For Sale
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Fully renovated, fully furnished office-and-warehouse facility with private outdoor deck, one loading dock, and on-site parking.
Property Size12,061 SF
Lot Size1.58 Acres
Price / SF$206.87
Days on Market5
Property Features for 4950 78th St W
General Information
- Standard status
- Active
- Size
- 12,061 SF
- Lot size
- 1.58 Acres
- Property subtype
- OFFICE
Listing Agency
Kenwood Commercial
(612) 242-8820
Listed by
Mike Doyle
(612) 242-8820
Source
Moodyscre
Added: Jul 14 Checked: Jul 18 at 2:40 am
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
Fully renovated office and warehouse building offering a versatile under-one-roof layout for office, showroom, light industrial, technology, and service business uses. The facility includes professional office and tech/flex space combined with warehouse space, and it is offered fully furnished. The property also features a private outdoor deck and a single loading dock for shipping and receiving.
The building has signage visible from I-494 and provides convenient access to I-494 and MN 100 via West 78th Street and Normandale Boulevard. Traffic on I-494 is listed at 163,000 vpd. The site includes 20 on-site parking spaces, with easement rights for access to 20+ additional spaces.
Flexible leasing is contemplated, ranging from an individual office or workstation to the entire building.
The building has signage visible from I-494 and provides convenient access to I-494 and MN 100 via West 78th Street and Normandale Boulevard. Traffic on I-494 is listed at 163,000 vpd. The site includes 20 on-site parking spaces, with easement rights for access to 20+ additional spaces.
Flexible leasing is contemplated, ranging from an individual office or workstation to the entire building.
Key Highlights
- 12,061 SF fully renovated office/warehouse building on 1.58 acres in Bloomington
- Flexible space for office, showroom, light industrial, technology, or service businesses
- Fully furnished with versatile layout combining professional office, tech/flex space, and warehouse
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.4k | $16.20 |
| − Vacancy | −$8.2k | −$0.68 |
| EGI | $187.2k | $15.52 |
| − OpEx | −$28.1k | −$2.33 |
| NOI | $159.1k | $13.19 |
12,061 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $159,105 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$2.05M
$1.79M – $2.39M
NOI $143,223 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,425 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Isabellas — 3500 American Blvd W # 15, Minneapolis, MN 55431
- Mykenna's Cafe — 7650 Edinborough Way, Edina, MN 55435
- Corporate Eats — 7650 Edinborough Way, Minneapolis, MN 55435
FAQs
What type of property is this?
Flex space - Fully renovated, fully furnished office-and-warehouse facility with private outdoor deck, one loading dock, and on-site parking.
Where is this flex space located?
The property is located at 4950 78th St W Edina, MN.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 12,061 SF fully renovated office/warehouse building on 1.58 acres in Bloomington; Flexible space for office, showroom, light industrial, technology, or service businesses; Fully furnished with versatile layout combining professional office, tech/flex space, and warehouse
