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    Minnetonka Office Space Available Title is generated by Realmo AI

    5900 Green Oak Dr, Minnetonka, MN 55343

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    For Lease
    $1,435/Mo $0.85 SF/Yr (calc)

    Office spaces for lease ranging from 1,435 to 20,163 SF.

    Type:Office
    Property size:
    20,163 SF
    Added:
    May 19, 2026
    Days on Market:
    8
    Last Refresh:
    May 19 at 3:39 am

    Property Features for 5900 Green Oak Dr

    General Information

    Standard status
    Active
    Size
    20,163 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Justin Rath

    Listing agent Justin Rath

    Listing office Minneapolis - St. Paul

    Listing date May 19, 2026

    Source Colliers

    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 Minneapolis - St. Paul

    HighLights

    • Flexible office space options from 1,435 SF to 20,163 SF
    • Entire 2nd Floor available: 20,163 SF
    • Combined suites available, such as Suites 102 & 104: 16,574 SF and Suites 303 & 304/305: 10,540 SF
    • First floor availability with multiple suite options
    • Second floor availability with multiple suite options
    • Suite 303 can be demised to 1,500 SF

    Overview

    Office spaces are available for lease, ranging in size from 1,435 to 20,163 square feet. First floor availability includes Suite 100 with 3,589 square feet, Suite 102 with 7,662 square feet, and Suite 104 with 8,912 square feet. Suites 102 and 104 can be combined for a total of 16,574 square feet. Second floor availability includes Suite 200 with 3,944 square feet, Suite 201 with 1,435 square feet, Suite 202 with 2,323 square feet, Suite 203 with 1,582 square feet, Suite 204 with 2,559 square feet, Suite 206 with 1,848 square feet, and Suite 207 with 1,609 square feet, and Suite 208 with 3,740 square feet. The entire second floor is available, totaling 20,163 square feet. Third floor availability includes Suite 304/305 with 5,119 square feet and Suite 303 with 5,421 square feet, which can be divided to 1,500 square feet. Suites 303 and 304/305 can be combined for a total of 10,540 square feet. The CAM for 2026 is estimated at $5.35 per square foot, and the tax is $1.77 per square foot.
    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
    -93.4100397
    Latitude
    44.8967685

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    FAQs

    What type of property is this?
    Office units - Office spaces for lease ranging from 1,435 to 20,163 SF.
    Where is this office units located?
    The property is located at 5900 Green Oak Dr Minnetonka, MN.
    What is the lease rate?
    The lease rate is $1,435 /Mo.
    What are key features of this property?
    This property features: Flexible office space options from 1,435 SF to 20,163 SF; Entire 2nd Floor available: 20,163 SF; Combined suites available, such as Suites 102 & 104: 16,574 SF and Suites 303 & 304/305: 10,540 SF
    (952) 897-7803
    We can help!
    Listing Contact
    Justin Rath
    Learn More
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    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
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