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    669 Winnetka Ave Minneapolis, MN 55427

    Sponsored
    For Lease
    $23 SF/Yr ($7,942 /Mo)

    Prime Minneapolis location, multiple suites.

    Lot size:
    4,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Golden Valley Town Square, located at 669 Winnetka Ave N, Minneapolis, MN 55427, offers exceptional office space in Hennepin County. This retail and office property boasts a total of 4,144 square feet, currently entirely vacant and available for lease. The building features multiple suites, with a minimum divisible space of 600 square feet and a maximum contiguous space of 4,144 square feet, providing flexibility for various business needs. Conveniently situated off Highway 55 and Winnetka Avenue, this attractive center enjoys a prime location in the heart of Golden Valley, surrounded by a mix of professional offices, residential apartments, and single-family homes. Its proximity to Downtown Minneapolis ensures easy access to the city's amenities. The building includes an elevator for convenient access to all floors. This thriving commercial center is already home to a diverse range of established businesses including Block Advisors, Snap Fitness, Davanni's, Mainstream Boutique, Golden Valley Animal Hospital, Bergstrom Studio, Triple D Espresso, WA Campion & Co, Pups & Stuff, 3 Click Mobile Fitness, Custom Trim Barbers, New Asian Ju Yuan, Fix My Busted Computer, Lash Lounge, and Hidden Nails. This presents a unique opportunity to join a vibrant and successful community.

    Property Features for 669 Winnetka Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,144 SF
    Total Rate
    7942.67

    Unit(s) available at that property

    Space
    Suite 689
    Size
    1,492 SF
    Rate per SF
    $23
    Space
    Suite 677B
    Size
    600 SF
    Space
    Suite 681A
    Size
    2,447 SF
    Space
    Suite 681B
    Size
    1,097 SF
    Space
    Suites 677B, 681A, 681B
    Size
    4,144 SF

    HighLights

    • High‑visibility corner location.
    • Excellent highway access via Hwy 55, Hwy 169, and I‑394.
    • Convenient public transportation access.
    • Outdoor patio and indoor common area seating.
    • Elevator service.
    • Building signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3809418
    Latitude
    44.9860452

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    FAQs

    What type of property is this?
    Medical office - Prime Minneapolis location, multiple suites.
    Where is this medical office located?
    The property is located at 669 Winnetka Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $0.00-$23 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner location.; Excellent highway access via Hwy 55, Hwy 169, and I-394.; Convenient public transportation access.
    Request Owner's contact information
    669 Winnetka Ave Minneapolis, 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.

    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
    669 Winnetka Ave Minneapolis, MN 55427
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