Office/Retail
For Sale
Contact for pricing
Pending
7955 Stone Creek Drive Suite 110, Chanhassen, MN 55317
For sale suite at 7955 Stone Creek Drive, Suite 110, offering office and retail flexibility in Chanhassen, MN.
Property Size1,536 SF
Days on Market143
Property Features for 7955 Stone Creek Drive Suite 110
General Information
Standard status
Pending
Size
1,536 SF
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Summerhill Commercial
Listed By:
Peter A Kordonowy · License #20576259
(952) 221-7580
Source:
Crexi
Added: Apr 18
Changed: Aug 27
Last Checked: Aug 14 at 7:51AM
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 Summerhill Commercial
Investment Insights
Based on property information with market context.
This for-sale commercial suite is located at 7955 Stone Creek Drive, Suite 110. The property is marketed as Office Units/Office Spaces and Retail space, providing a flexible configuration for businesses seeking a combined office and retail environment.
The suite is situated in Chanhassen, Minnesota, at the identified address on Stone Creek Drive. The offering includes the stated suite location and size for planning and occupancy.
At approximately 1,536 square feet, Suite 110 is a single tenant suite within the building, positioned for straightforward access and operations based on the provided address and suite number.
The suite is situated in Chanhassen, Minnesota, at the identified address on Stone Creek Drive. The offering includes the stated suite location and size for planning and occupancy.
At approximately 1,536 square feet, Suite 110 is a single tenant suite within the building, positioned for straightforward access and operations based on the provided address and suite number.
Key Highlights
- Office/retail suite for sale at 7955 Stone Creek Drive, Suite 110, Chanhassen, MN 55317
- Year built: 2005
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
$18,240
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
5.90%
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%
$364,800
$364.8K
Cap Rate 7%
$260,571
$260.6K
Cap Rate 9%
$202,667
$202.7K
Market Conditions
NOI Build-Up for 1,536 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
$33.7K $21.96/SF
− Vacancy
−$9.4K −$6.13/SF
EGI
$24.3K $15.83/SF
− OpEx
−$6.1K −$3.96/SF
NOI
$18.2K $11.87/SF
Area
Carver 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 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%
$364,800
Cap Rate 7%
$260,571
Cap Rate 9%
$202,667
Alternative Uses
Best Use
Office B
$260.6K
$228.0K – $304.0K
NOI $18,240 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.5K
$320.7K – $427.5K
NOI $25,652 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 55317, MN
21,774
Population
8,731
Households
2.5
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
13.1 sq mi
ZIP Area
1,662
Density / Sq Mi
$133,573
Median Household Income
$65,655
Median Earnings
$1,763
Median Rent
$505,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For sale suite at 7955 Stone Creek Drive, Suite 110, offering office and retail flexibility in Chanhassen, MN.
Where is this office units located?
The property is located at 7955 Stone Creek Drive Suite 110 Chanhassen, MN.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Office/retail suite for sale at 7955 Stone Creek Drive, Suite 110, Chanhassen, MN 55317; Year built: 2005
