Office Suite with Exam
For Sale
Contact for pricing
7300 France Ave S, Edina, MN
Well-configured office space with superior visibility and ample parking.
Property Size2,022 SF
Lot Size2.76 Acres
Price / SF$338.77
Days on Market316
Property Features for 7300 France Ave S
General Information
Standard status
Active
Size
2,022 SF
Lot size
2.76 Acres
Property subtype
OFFICE
Listing Agency:
NAI Gateway Commercial
(651) 334-9851
Listed By:
Angie Frandrup Demonte, LEED AP · License #40248607
(612) 387-3618
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Sep 29
Last Checked: Oct 4 at 6:49AM
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 NAI Gateway Commercial
Investment Insights
Based on property information with market context.
This 2,022 square foot office suite features interior building finishes and a large atrium. The space is well-configured with private offices and exam rooms, a finished lab room with water access, a large reception desk with waiting area, a full private breakroom and kitchenette, and a large work and data room. The suite is contiguous with Suite 206. The building offers a common conference room, ample parking, and monument signage on France Avenue. The location benefits from superior visibility and access, with approximately 28,000 vehicles passing per day.
Key Highlights
- Superior visibility and access
- High traffic location (28,000 vehicles per day)
- Well configured space plan with private offices and exam rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,849
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,980
$617.0K
Cap Rate 7%
$440,700
$440.7K
Cap Rate 9%
$342,767
$342.8K
Market Conditions
NOI Build-Up for 2,022 SF
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.
Gross rent
$63.1K $31.20/SF
− Vacancy
−$11.7K −$5.77/SF
EGI
$51.4K $25.43/SF
− OpEx
−$20.6K −$10.17/SF
NOI
$30.8K $15.26/SF
Area
Hennepin County, MN
Vacancy
18.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,980
Cap Rate 7%
$440,700
Cap Rate 9%
$342,767
Alternative Uses
Best Use
Healthcare Medical
$440.7K
$385.6K – $514.2K
NOI $30,849 @ 7.0% cap · market cap 4.50%
Second Best
Office B
$343.0K
$300.1K – $400.2K
NOI $24,011 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$482.4K
$422.1K – $562.8K
NOI $33,768 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-configured office space with superior visibility and ample parking.
Where is this medical office space located?
The property is located at 7300 France Ave S Edina, MN.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Superior visibility and access; High traffic location (28,000 vehicles per day); Well configured space plan with private offices and exam rooms
