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

    6520 Edenvale Blvd, Eden Prairie, MN 55346

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office and warehouse spaces available near major highways.

    Type:Office, Industrial
    Added:
    Nov 23, 2021
    Days on Market:
    1646
    Last Refresh:
    May 13 at 8:13 pm

    Property Features for 6520 Edenvale Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 6520 Edenvale Blvd Contact us

    Available Space $15/Mo

    Size
    1,016 SF
    Type
    Industrial
    $1,355 per monthnLease Rate: $15.00 SF/yr (Gross)
    Contact us

    Suite 112 $15/Mo

    Size
    3,379 SF
    Type
    Industrial
    Lease Rate: $15.00 SF/yr (Gross)n$4,200 per month
    Contact us

    Suite 244 $15/Mo

    Size
    1,330 SF
    Type
    Office, Industrial
    Lease Rate: $15.00 SF/yr (Gross)n$1,775 per month
    Contact us

    We can help!

    Listing Contact
    Eli Russell

    Listing agent Eli Russell License #MN

    Listing office JGM Properties

    Listing date Nov 23, 2021

    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 JGM Properties

    HighLights

    • Prime location at the SW corner of 494 & 62 Crosstown in Eden Prairie.
    • Variety of office, warehouse, and office/warehouse space configurations available.
    • Easy accessibility to Interstate 494, U.S. Highways 169 and 212, and Minnesota State Highway 5.
    • Located in Eden Prairie, the 12th largest city in Minnesota, with a strong business presence.
    • Proximity to major corporations such as SuperValu, Digital River, and the Minnesota Vikings.
    • Close proximity to other cities including Minnetonka, Hopkins, Chanhassen, and Bloomington.

    Overview

    Located in Eden Prairie, at the southwest corner of 494 and 62 Crosstown, this property offers a variety of office spaces, warehouse spaces, and office/warehouse combinations. The Carlson Business Center provides accessibility to Interstate 494, U.S. Highways 169 and 212, and Minnesota State Highway 5. Eden Prairie is approximately 12 miles from Minneapolis and hosts businesses such as SuperValu, Digital River, and the Minnesota Vikings. The city has over 2,200 acres of parks and many large lakes, as well as more than 2,200 businesses. The location also provides close proximity to Minnetonka, Hopkins, Chanhassen, and Bloomington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail 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
    -93.4555734
    Latitude
    44.8870565

    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
    • $12 SF/Yr
      1,633 SF

      Professional Office Building with Elevator

      Attractive office space with abundant natural light and nearby amenities.
      7700 Equitable Dr, 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
    • $23 SF/Yr
      8,188 SF

      Eden Prairie Office Space Available

      Office space for rent with high visibility and easy access.
      7500 Flying Cloud Dr, Eden Prairie, MN
      View Details
    • $10 SF/Yr
      4,060 SF

      New Office Space For Rent

      Brand-new office space with terrace access and covered parking.
      6640 Shady Oak Rd, 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
    • $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
    • $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
    • $19 SF/Yr
      7,091 SF

      Eden Prairie Office/Medical Space

      8,353 RSF available in state-of-the-art building.
      18315 Cascade Dr, 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

    FAQs

    What type of property is this?
    Flex space - Office and warehouse spaces available near major highways.
    Where is this flex space located?
    The property is located at 6520 Edenvale Blvd Eden Prairie, MN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Prime location at the SW corner of 494 & 62 Crosstown in Eden Prairie.; Variety of office, warehouse, and office/warehouse space configurations available.; Easy accessibility to Interstate 494, U.S. Highways 169 and 212, and Minnesota State Highway 5.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eli Russell
    Real Estate License ID: MN
    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
    6520 Edenvale Blvd, Eden Prairie, MN 55346
    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!