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

    5850 Opus Pkwy Minnetonka, MN 55343

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Boutique office building in Opus business park, Minnetonka.

    Property size:
    18,363 SF
    Lot size:
    9.17 Acres

    Property Features for 5850 Opus Pkwy

    General Information

    Size
    18,363 SF
    Lot size
    9.17 Acres

    We can help!

    Listing Contact
    Brent Karkula
    Brent Karkula
    Source: Moodyscre

    Listing Agency: JLL Listing Agent: Brent Karkula

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Class A Office Space

    Pondview Plaza is a Class A office building located in Minnetonka's Opus business park. The property offers 2921 square feet of office space. Pondview Plaza provides an amenity package designed to help companies recruit and retain employees.
    Property Profile Insight Report 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
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4085804
    Latitude
    44.8979038

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MN, Minnetonka - County Road

      Workspaces, services and support to help you work better in MN, Minnetonka - County Road
      5125 County Road 101, Minnetonka, MN 55345
      View Details
    • New
      Contact for pricing

      Carlson Center

      Discover many ways to work your way in Carlson Center
      601 Carlson Pkwy, Minnetonka, MN 55305
      View Details
    • $8 SF/Yr
      5,200 SF

      Creative Space in Opus Park

      Creative space with warehouse in Minnetonka's Opus business park.
      6010-6012 Blue Circle Dr, Minnetonka, MN 55343
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available for lease near Hwy 169.
      5101 Shady Oak Rd, Minnetonka, MN 55343
      View Details
    • Contact for pricing

      Carlson Center East Office Space

      Three-story office building with unique setting and ample parking.
      110 Cheshire Ln, Minnetonka, MN 55305
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces for rent with highway access.
      14550 Excelsior Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available near major highways and amenities.
      10901-10955 Bren Rd East, Minnetonka, MN 55343
      View Details
    • Contact for pricing

      Move-in Ready Office Sublease

      Sublease available through 8/31/2027 with private offices and open workspaces.
      701 Carlson Pkwy, Minnetonka, MN 55305
      View Details
    • Contact for pricing
      10,000 SF

      Retail/Medical Space in Minnetonka

      New construction retail/medical space in Minnetonka, grocery anchored.
      14317 Excelsior Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      High-Image Office/Showroom Space Available

      Convenient location, adjacent to future SW Light Rail track.
      5421 Feltl Rd, Minnetonka, MN 55343
      View Details
    • $18 SF/Yr
      105,975 SF

      Carlson Center Office Space Available

      Office spaces available within a 275-acre mixed-use campus.
      301 Carlson Pkwy, Minnetonka, MN 55305
      View Details
    • Contact for pricing

      Medical Development Opportunity in Minnetonka

      Proposed medical development opportunity in Minnetonka, Minnesota.
      14317 Excelsior Blvd, Minnetonka, MN 55345
      View Details

    FAQs

    What type of property is this?
    Office units - Boutique office building in Opus business park, Minnetonka.
    Where is this office units located?
    The property is located at 5850 Opus Pkwy Minnetonka, MN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Class A office building in Opus business park; - Located in a tranquil setting; - Boutique office building
    (612) 327-7048 Call to check price and availability
    Request Owner's contact information
    5850 Opus Pkwy Minnetonka, MN 55343
    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.
    5850 Opus Pkwy
    Minnetonka, MN 55343
    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
    5850 Opus Pkwy Minnetonka, MN 55343
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brent Karkula
    Brent Karkula
    Real Estate License ID: 20135879
    (612) 327-7048 (612) 217-5150 (612) 217-5153
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!