Remodeled Office
7500 Office Ridge Cir, Eden Prairie, MN 55344
For Sale
Contact for pricing
Climate-controlled parking includes a car wash bay.
Property Size38,586 SF
Lot Size2.76 Acres
Price / SF$207.33
Days on Market28
Property Features for 7500 Office Ridge Cir
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Condition
Property Use
Amenities
Climate Controlled Parking with Car Wash Bay
Building Details
Year Renovated
Building Size
Listing Agency:
CRE Partners
Listed By:
Eric Riemer · License #40239919
(612) 730-4631
Source:
Moodyscre
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 6 at 3:29PM
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 CRE Partners
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Investment Insights
Based on property information with market context.
The 38,586-square-foot office property at 7500 Office Ridge Cir in Eden Prairie includes 32,000 square feet of office space and a 6,586-square-foot garage. The building was remodeled in 2021, when a new roof and HVAC system were also installed. Climate-controlled parking features a car wash bay.
The property occupies 2.76 acres. The seller may consider either vacating the building or leasing back the third floor, subject to mutually agreed terms and timing.
The property occupies 2.76 acres. The seller may consider either vacating the building or leasing back the third floor, subject to mutually agreed terms and timing.
Key Highlights
- 38,586 SF total, including 32,000 SF of office space and a 6,586 SF garage
- Remodeled in 2021; new roof and HVAC installed that year
- Climate‑controlled parking with a car wash bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,204
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,164,080
$9.2M
Cap Rate 7%
$6,545,771
$6.5M
Cap Rate 9%
$5,091,156
$5.1M
Market Conditions
NOI Build-Up for 38,586 SF
Gross rent
$847.3K $21.96/SF
− Vacancy
−$236.4K −$6.13/SF
EGI
$610.9K $15.83/SF
− OpEx
−$152.7K −$3.96/SF
NOI
$458.2K $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%
$9,164,080
Cap Rate 7%
$6,545,771
Cap Rate 9%
$5,091,156
Alternative Uses
Best Use
Office B
$6.55M
$5.73M – $7.64M
NOI $458,204 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.21M
$8.06M – $10.74M
NOI $644,407 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
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Business Placement
Demographics for 55344, MN
15,837
Population
7,416
Households
2.1
Avg Household Size
35
Median Age
61%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,779
Density / Sq Mi
$89,590
Median Household Income
$64,278
Median Earnings
$1,725
Median Rent
$351,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Hennepin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Climate-controlled parking includes a car wash bay.
Where is this office building located?
The property is located at 7500 Office Ridge Cir Eden Prairie, MN.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 38,586 SF total, including 32,000 SF of office space and a 6,586 SF garage; Remodeled in 2021; new roof and HVAC installed that year; Climate‑controlled parking with a car wash bay
