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    350 Mn-7 Excelsior, MN 55331

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    For Lease
    Contact for pricing

    Executive suites, prime location, Lake Minnetonka views.

    Lot size:
    21,240 SF

    Property Features for 350 Mn-7

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,240 SF
    Total Rate
    38940

    Building Details

    Year Built
    2006
    Stories
    2

    Spaces For Lease

    at 350 Mn-7, Excelsior, MN 55331 Contact us
    Unit Suite 230

    $22 /Mo

    Size
    2,294 SF
    Contact us

    We can help!

    Listing Contact
    Nancy Powell
    Nancy Powell

    Listing Agency: Forte Real Estate Partners, LLC Listing Agent: Nancy Powell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Excelsior Office Center, a two-story, 21,240 square foot building constructed in 2006, offers executive office space in a highly desirable location. Currently, 1,658 square feet of space is available for lease, perfect for a business seeking a prestigious address. This particular suite offers 2,294 square feet of functional space with high-end finishes. The building features multiple tenancy options and provides convenient access to Highway 7, ensuring excellent visibility and accessibility. Ample parking is available, including both surface and underground heated parking. The property boasts a prime location just blocks from Lake Minnetonka, offering stunning views and a desirable work environment. Monument signage is also available for increased brand visibility. The building is situated in Hennepin County, Minnesota, with the specific address being 350 MN-7, Excelsior, MN 55331. This exceptional opportunity combines modern amenities, a picturesque setting, and unparalleled convenience. Inquire today to learn more about this exceptional office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Excelsior
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.564205793058
    Latitude
    44.900191163058

    Nearby Similar for Lease

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      42,096 SF

      Excelsior Industrial Redevelopment Opportunity

      Industrial property near downtown Excelsior with redevelopment potential.
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    FAQs

    What type of property is this?
    Office property - Executive suites, prime location, Lake Minnetonka views.
    Where is this office property located?
    The property is located at 350 Mn-7 Excelsior, MN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 21,240 square foot, two-story office building constructed in 2006.; 1,658 square feet of office space currently available for lease.; Suite offers 2,294 square feet with high-end finishes.
    (612) 749-7894 Call to check price and availability
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    350 Mn-7 Excelsior, MN 55331
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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
    350 Mn-7 Excelsior, MN 55331
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    Contact for Pricing
    Please call us for current price
    and status of this listing Nancy Powell
    Nancy Powell
    Real Estate License ID: 89208
    (612) 749-7894 (952) 854-8290 (952) 854-9210
    Learn more
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