Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6973 Washington Ave Edina, MN 55439
    Back to Search
    Property profile & analytics

    6973 Washington Ave Edina, MN 55439

    View on Map
    • Office Spaces
    • 31,203 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mold Solutions / Home Inspector

    Property Details for 6973 Washington Ave

    Year built
    1972
    Property size
    31,203 SF
    Property type
    Office Spaces

    Description

    This exceptional single-story office building, known as Braemar II, presents a unique leasing opportunity in the desirable Edina, Minnesota market. Located at 6973 Washington Ave S, this 31,203 square foot property boasts a traditional office layout, ideal for a variety of businesses. Built in 1972, the building offers a blend of established infrastructure and potential for modern updates. Currently, 820 square feet of space is immediately available for lease, providing flexibility for expansion or smaller tenant needs. The property is situated in Hennepin County, within the 55439 zip code, offering convenient access to major transportation routes and a wealth of amenities. The single-story design provides ease of access and efficient workflow. This is an excellent opportunity for a business seeking a well-located, established office space in a thriving community. The property's size and layout offer significant potential for customization to meet specific business requirements. Serious inquiries are encouraged to explore this prime Edina office space. Further details regarding lease terms and conditions are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3982
    Latitude
    44.8776

    Comparable in this City

    • Value Estimation by Request
      26,351 SF

      7201 78Th St

      Office Spaces • 26,351 SF
      7201 78Th St, Minneapolis, MN 55439
      View Details
    • Value Estimation by Request
      1.13 Acres

      5501 Vlg Dr, Unit 106

      RESIDENTIAL PARKING GARAGE • 1.13 Acres
      5501 Vlg Dr, Edina, MN 55439-1948
      View Details
    • Value Estimation by Request
      1.13 Acres

      5501 Vlg Dr, Unit 201

      RESIDENTIAL PARKING GARAGE • 1.13 Acres
      5501 Vlg Dr, Edina, MN 55439-1948
      View Details
    • Value Estimation by Request
      3.19 Acres

      7200 Cahill Rd, Unit 210

      RESIDENTIAL PARKING GARAGE • 3.19 Acres
      7200 Cahill Rd, Edina, MN 55439-2059
      View Details
    • Value Estimation by Request
      402.23 Acres

      7501 Ikola Way

      COMMERCIAL (GENERAL) • 402.23 Acres
      7501 Ikola Way, Edina, MN 55439-2554
      View Details
    • Value Estimation by Request
      5.39 Acres

      5555 Dewey Hl Rdg43

      RESIDENTIAL PARKING GARAGE • 5.39 Acres
      5555 Dewey Hl Rdg43, Edina, MN 55439-1955
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      65,623 SF

      Bloomington Commercial Property with Office Golf

      42,303 SF office building with unique amenities.
      7807 Creekridge Cir, Bloomington, MN 55439
      View Details
    • Contact for pricing
      668 SF

      Well-Maintained Office Building For Sale

      Office building near MSP Airport, ideal for owner/user or investor.
      7201-7205 Ohms Ln, Edina, MN 55439
      View Details
    • Contact for pricing
      14,602 SF

      Upgraded Office Building with Golf

      NNN leased office building with golf entertainment venue and amenities.
      7807 Creekridge Cir, Bloomington, MN 55439
      View Details
    • Contact for pricing
      13,574 SF

      Two-Story Office Building in Edina

      13,800 SF office building in a park-like setting.
      7241 Ohms Ln, Edina, MN 55439
      View Details
    • Contact for pricing

      Commercial Land Available in Edina

      Up to 4.5 acres of commercial land for sale.
      7800 Harmony Dr, Edina, MN 55439
      View Details
    • $465,000
      0.67 Acres

      Arrowhead Lake Waterfront Lot

      Rare lakefront lot in Edina's Indian Hills neighborhood.
      6441 Mccauley Ter, Edina, MN 55439
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,989 SF

      Office Space for Sublease

      Office space available for sublease in Edina, Minnesota.
      7401 Metro Blvd, Edina, MN 55439
      View Details
    • Contact for pricing
      2,771 SF

      Edina Office Space Available Soon

      Office space available for rent in Edina, Minnesota.
      5810 W 78Th St, Edina, MN 55439
      View Details
    • Contact for pricing

      Minneapolis Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Minneapolis.
      7667 Cahill Rd, Minneapolis, MN 55439
      View Details
    • Contact for pricing
      7,113 SF

      Well-Maintained Office Building For Rent

      34,659 SF office building near major highways and amenities.
      7803 Glenroy Rd, Bloomington, MN 55439
      View Details
    • Contact for pricing
      2,280 SF

      Office Space in Edina

      Office space for rent with high visibility from I-494.
      7900 W 78Th St, Edina, MN 55439
      View Details
    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.
    6973 Washington Ave
    Edina, MN 55439
    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
    6973 Washington Ave, Edina, MN, 55439
    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!