3-Unit Office
4976 4978 and 4980 Lincoln Drive, Edina, MN 55436
For Sale
$579,900
A flexible office layout combines private rooms, shared work areas, and a kitchenette.
Property Size3,635 SF
Price / SF$159.53
Days on Market126
Property Features for 4976 4978 and 4980 Lincoln Drive
General Information
Standard status
Size
Property subtype
Additional Details
HOA Fee
Highway Access
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Private offices
Conference Room
Open workspaces
Shipping/receiving area
kitchenette
Building Details
Year Built
Units
Listing Agency:
Coldwell Banker Realty
(952) 473-3000
Listed By:
William L Wolfson
(952) 334-4554
Source:
Driveresultsrealty
Added: Jul 7
Changed: Nov 7
Last Checked: Nov 8 at 2:21PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,635-square-foot office condo comprises three combined units and was built in 1982. Its layout includes private offices, a conference room, open work areas, and a kitchenette. A rear entrance serves a space configured for shipping and receiving or additional office use.
The property is just off Hwy 169 in Edina.
The property is just off Hwy 169 in Edina.
Key Highlights
- 3,635‑square‑foot office property comprising three combined condo units
- Private offices, conference room, and open work areas
- Rear entrance serves a shipping and receiving area or additional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,165
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,300
$863.3K
Cap Rate 7%
$616,643
$616.6K
Cap Rate 9%
$479,611
$479.6K
Market Conditions
NOI Build-Up for 3,635 SF
Gross rent
$79.8K $21.96/SF
− Vacancy
−$22.3K −$6.13/SF
EGI
$57.6K $15.83/SF
− OpEx
−$14.4K −$3.96/SF
NOI
$43.2K $11.87/SF
Area
Hennepin 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%
$863,300
Cap Rate 7%
$616,643
Cap Rate 9%
$479,611
Alternative Uses
Best Use
Office B
$616.6K
$539.6K – $719.4K
NOI $43,165 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$867.2K
$758.8K – $1.01M
NOI $60,706 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 55436, MN
14,395
Population
6,449
Households
2.2
Avg Household Size
45
Median Age
71%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
3,063
Density / Sq Mi
$132,487
Median Household Income
$64,318
Median Earnings
$1,855
Median Rent
$595,500
Median Home Value
Market
Properties on Market for Office Units in Hennepin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible office layout combines private rooms, shared work areas, and a kitchenette.
Where is this office unit located?
The property is located at 4976 4978 and 4980 Lincoln Drive Edina, MN.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 3,635‑square‑foot office property comprising three combined condo units; Private offices, conference room, and open work areas; Rear entrance serves a shipping and receiving area or additional office space
