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    7600-7800 Olson Mem Hwy Golden Valley, MN 55427

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    For Lease
    Contact for pricing

    Upscale retail center, Hwy 55 frontage.

    Lot size:
    40,000 SF

    Property Features for 7600-7800 Olson Mem Hwy

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Total Rate
    108333.33

    Building Details

    Year Built
    1996
    Stories
    1

    Spaces For Lease

    at 7600-7800 Olson Mem Hwy, Golden Valley, MN 55427 Contact us
    Unit

    $32 /Mo

    Size
    3,990 SF
    Contact us
    Unit Available Space 3

    $32 /Mo

    Size
    1,235 SF
    Contact us
    Unit Available Space 4

    $32 /Mo

    Size
    1,235 SF
    Contact us
    Unit Available Space 2

    $32 /Mo

    Size
    1,063 SF
    Contact us

    We can help!

    Listing Contact
    Chad Sturm
    Chad Sturm

    Listing Agency: Upland Real Estate Group Inc Listing Agent: Chad Sturm

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

    Learn more

    Overview

    Golden Valley Commons offers 40,000 square feet of prime retail space in a highly visible, upscale strip center located along Highway 55 in Hennepin County. This single-story, 1996-built center boasts excellent visibility with over 33,000 vehicles passing daily. Four suites are available, ranging from a minimum of 1,063 square feet to a maximum contiguous space of 3,990 square feet. The center enjoys convenient access via two signalized intersections on Winnetka Avenue and Rhode Island Avenue North, and benefits from its proximity to Olson Memorial Highway, Golden Valley Road, and Winnetka Avenue North. Established for over 15 years, Golden Valley Commons has attracted strong regional retailers including Starbucks, Patina, and Panchero's, creating a thriving retail environment. The property features an outdoor fountain, enhancing the ambiance and providing a pleasant atmosphere for shoppers and tenants. Its strategic location offers easy access to a significant consumer base, further enhanced by its proximity to two golf courses and less than a mile from the General Mills World Headquarters. Property taxes are $11.84 per square foot. No elevators are present.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Golden Valley
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3772563
    Latitude
    44.9841982

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    FAQs

    What type of property is this?
    Neighborhood center - Upscale retail center, Hwy 55 frontage.
    Where is this neighborhood center located?
    The property is located at 7600-7800 Olson Mem Hwy Golden Valley, MN.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 40,000 SF retail strip center in Hennepin County.; Four suites available, ranging from 1,063 to 3,990 SF.; Located on Hwy 55 with excellent visibility and over 33,000 vehicles per day (VPD).
    (612) 436-1122 Call to check price and availability
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    Golden Valley, MN 55427
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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
    7600-7800 Olson Mem Hwy Golden Valley, MN 55427
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    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Sturm
    Chad Sturm
    Real Estate License ID: 20070429
    (612) 436-1122 (612) 490-3874 (612) 332-6600
    Learn more
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