Renovated Flex Space with Loading
For Sale
Contact for pricing
4950 78th St W, Edina, MN 55435
Furnished office, showroom, and warehouse configuration with on-site parking and direct access to major highways.
Property Size12,061 SF
Lot Size1.58 Acres
Price / SF$206.87
Days on Market95
Property Features for 4950 78th St W
General Information
Standard status
Active
Size
12,061 SF
Total Parking Spaces
20
Lot size
1.58 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Dock-High Doors
1
Amenities
Private outdoor deck
Building Details
Buildings
1
Building Size
12,061 SF
Listing Agency:
Kenwood Commercial
(952) 212-0757
Listed By:
Mike Doyle
(612) 242-8820
Source:
Moodyscre
Added: Jul 14
Changed: Sep 2
Last Checked: Oct 16 at 6:06AM
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
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Investment Insights
Based on property information with market context.
This fully renovated flex property combines office, showroom, technology, service, and warehouse functions within a 12,061-square-foot building on 1.58 acres. The facility is fully furnished and includes one loading dock for shipping and receiving, along with a private outdoor deck suited to employee gatherings, client events, or outdoor meetings.
The property offers immediate access to I-494 and MN 100 through West 78th Street and Normandale Boulevard. I-494 carries traffic counts of 163,000 vpd, and building signage is visible from the interstate. The surrounding area includes restaurants, hotels, shopping, and business services.
On-site parking includes 20 spaces, with easement rights for 20+ additional spaces. Flexible occupancy options range from a single office or workstation to the full building.
The property offers immediate access to I-494 and MN 100 through West 78th Street and Normandale Boulevard. I-494 carries traffic counts of 163,000 vpd, and building signage is visible from the interstate. The surrounding area includes restaurants, hotels, shopping, and business services.
On-site parking includes 20 spaces, with easement rights for 20+ additional spaces. Flexible occupancy options range from a single office or workstation to the full building.
Key Highlights
- 12,061 SF office/warehouse facility on 1.58 acres
- Fully renovated and furnished flex property
- 20 on‑site parking spaces plus easement rights for 20+ additional spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,105
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,182,100
$3.2M
Cap Rate 7%
$2,272,929
$2.3M
Cap Rate 9%
$1,767,833
$1.8M
Market Conditions
NOI Build-Up for 12,061 SF
Gross rent
$195.4K $16.20/SF
− Vacancy
−$8.2K −$0.68/SF
EGI
$187.2K $15.52/SF
− OpEx
−$28.1K −$2.33/SF
NOI
$159.1K $13.19/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,182,100
Cap Rate 7%
$2,272,929
Cap Rate 9%
$1,767,833
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 authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55435, MN
14,170
Population
8,218
Households
1.7
Avg Household Size
45
Median Age
61%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
4,723
Density / Sq Mi
$75,829
Median Household Income
$61,848
Median Earnings
$1,716
Median Rent
$340,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Old Southern BBQ Catering — 5255 Edina Industrial Blvd, Minneapolis, MN 55439
- The Preschool Pantry — 5223 W 73rd St, Edina, MN 55439
Frequently Asked Questions
What type of property is this?
Flex space - Furnished office, showroom, and warehouse configuration with on-site parking and direct access to major highways.
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 office/warehouse facility on 1.58 acres; Fully renovated and furnished flex property; 20 on‑site parking spaces plus easement rights for 20+ additional spaces
