Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Eden Prairie Commercial Space Title is generated by Realmo AI

    7224 Washington Ave S, Eden Prairie, MN 55344

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space available for lease in Eden Prairie.

    Type:Industrial
    Added:
    Jan 15, 2022
    Days on Market:
    1584
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 7224 Washington Ave S

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 7224 Washington Ave S Contact us

    We can help!

    Listing Contact
    Hunter Stanek
    Hunter Stanek

    Listing agent Hunter Stanek License #MN 40517993

    Listing office Gonyea Commercial Properties

    Listing date Jan 15, 2022

    Source Crexi

    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 Gonyea Commercial Properties

    HighLights

    • For lease
    • Year built: 1976

    Overview

    Commercial space is available for lease at a property located on Washington Ave S in Eden Prairie, Minnesota.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eden Prairie
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3996143
    Latitude
    44.8722678

    Nearby Similar for Lease

    • Sponsored
      $129-$6,366/Mo
      11-1,292 SF

      Crosstown Corporate

      6385 Old Shady Oak Rd, Unit 250, Eden Prairie, MN 55344
      View Details
    • $7 SF/Yr
      2,764 SF

      Eden Prairie Office For Sale

      Office property in Eden Prairie with ample parking and conference room.
      10125 Crosstown Cir, Eden Prairie, MN
      View Details
    • $16 SF/Yr
      8,880 SF

      Eden Prairie Office Space Available

      203,511 SF office complex with lake views for rent.
      11010 Prairie Lakes Dr, Eden Prairie, MN
      View Details
    • $16 SF/Yr
      1,017 SF

      Eden Prairie Office Space Available

      Office space for lease near highways and surrounding cities.
      6520-6532 Edenvale Blvd, Eden Prairie, MN
      View Details
    • Contact for pricing
      25,000 SF

      Eden Prairie Lakeside Office Space

      Office space for lease in prime Eden Prairie location.
      11000 Prairie Lakes Drive, Eden Prairie, MN 55344
      View Details
    • $10 SF/Yr
      1,246 SF

      New Office Suite with Parking

      Corner office suite with modern amenities and highway access.
      6600 City West Pkwy, Eden Prairie, MN
      View Details
    • $14 SF/Yr
      3,637 SF

      Eden Prairie Office Space Available

      Class A office space with easy access to amenities.
      14850 Scenic Heights Rd, Eden Prairie, MN
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease with move-in ready and custom options.
      6442 City West Pky, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      35,834 SF

      Eden Prairie Retail Space Available

      Retail space in a high-traffic Eden Prairie location.
      8767-8795 Columbine Road Eden, Prairie, MN 55344
      View Details
    • $7 SF/Yr
      3,080 SF

      Eden Prairie Flex/Showroom Space

      3080 SF flex space suitable for showroom conversion.
      6550-6572 Edenvale Blvd, Eden Prairie, MN
      View Details
    • $27 SF/Yr
      750 SF

      Premium Office Space in Eden

      High-end office space in central Eden Prairie location.
      11455 Viking Dr, Eden Prairie, MN
      View Details
    • Contact for pricing
      3,500 SF

      Eden Prairie Office Suite For Rent

      3,500 SF office suite with flexible lease terms.
      6860-6872 Washington Ave S, Eden Prairie, MN
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space available for lease in Eden Prairie.
    Where is this specialty property located?
    The property is located at 7224 Washington Ave S Eden Prairie, MN.
    What are key features of this property?
    This property features: For lease; Year built: 1976
    (218) 791-5347 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hunter Stanek
    Hunter Stanek
    Real Estate License ID: MN 40517993
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7224 Washington Ave S, Eden Prairie, MN 55344
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!