Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4900 Hwy 169 New Hope, MN 55428

    • Office Properties & Spaces
    • 30,601 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J & R Agency / Insurance Agency

    Property Details for 4900 Hwy 169

    Year built
    1980
    Property size
    30,601 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This three-story, Class B office building, totaling 30,601 square feet, presents a compelling investment opportunity in Hennepin County. Built in 1980 and extensively renovated in 2019, the property boasts 1,170 square feet of immediately available space, with several suites ranging from 668 to 1,519 square feet. The building features a convenient multiple tenancy structure, offering flexibility for various business needs. Amenities include on-site management, a shared conference room, controlled access for enhanced security, and recently remodeled corridors. The property's location provides easy access to Highway 169, placing it within five minutes of Maple Grove and Plymouth. With ample parking (4.5 spaces per 1,000 square feet) and elevators for convenient access to all three floors, this building is well-suited for a variety of professional uses. Property taxes are $12 per square foot. The APN is 07-118-21-23-0016. This is a single building property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3986
    Latitude
    45.0444

    Comparable in this City

    • Value Estimation
      $345,000
      8.25 Acres

      5430 Boone N Ave

      HOMES (RETIRED, NURSING) • 8.25 Acres
      5430 Boone N Ave, New Hope, MN 55428-3615
      View Details
    • Value Estimation by Request
      35.61 Acres

      8230 47th N Ave

      COMMERCIAL (GENERAL) • 35.61 Acres
      8230 47th N Ave, New Hope, MN 55428-4511
      View Details
    • Value Estimation
      $405,000
      0.64 Acres

      7601 Broadway Ave

      COMMERCIAL (GENERAL) • 0.64 Acres
      7601 Broadway Ave, Brooklyn Park, MN 55428-1278
      View Details
    • Value Estimation
      $390,000
      1.81 Acres

      7800 Bass Lk Rd

      COMMERCIAL (GENERAL) • 1.81 Acres
      7800 Bass Lk Rd, New Hope, MN 55428-3702
      View Details
    • Value Estimation
      $390,000
      0.97 Acres

      7117 Bass Lk Rd

      COMMERCIAL (GENERAL) • 0.97 Acres
      7117 Bass Lk Rd, New Hope, MN 55428-3822
      View Details
    • Value Estimation
      $345,000
      1.15 Acres

      7112 Bass Lk Rd

      COMMERCIAL (GENERAL) • 1.15 Acres
      7112 Bass Lk Rd, New Hope, MN 55428-3823
      View Details

    Similar Nearby for Sale

    • $1,225,000
      6,650 SF

      Crystal Retail Building - Redevelopment Opportunity

      6,650 SF Retail/Office, Vacant, Approved for 86 Apartments
      5500 Broadway, Crystal, MN 55428
      View Details
    • $125,000
      0.41 Acres

      Residential Land in New Hope

      Residential land available in New Hope, Minnesota.
      6048 Allen Cir, New Hope, MN 55428
      View Details
    • $279,000
      1,661 SF

      Spacious Updated Townhome

      Updated townhome featuring a remodeled kitchen and fresh flooring.
      7615 Elm Grove Ave, New Hope, MN 55428
      View Details
    • $2,295,000
      27,000 SF

      Retail Property in Brooklyn Park

      Retail property available for sale in Brooklyn Park, Minnesota.
      6900 W Broadway Ave, Brooklyn Park, MN 55428
      View Details
    • Contact for pricing
      27,553 SF

      Industrial Property with Overhead Cranes

      Industrial property featuring overhead cranes and drive-in doors.
      9151 International Pkwy, New Hope, MN 55428
      View Details
    • Contact for pricing
      17,291 SF

      Industrial Building For Automotive Use

      17,000 SF industrial building suitable for automotive or manufacturing.
      5410 International Pkwy, New Hope, MN 55428
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      30,601 SF

      Prime Hennepin County Office Space

      Modern office suites, ideal for medical or executive use.
      4900 Hwy 169, New Hope, MN 55428
      View Details
    • $12 SF/Yr
      109,704 SF

      New Hope Executive Office Suites

      Prime MN Office Space, Flexible Sizes
      9220 Bass Lk Rd, New Hope, MN 55428
      View Details
    • $12 SF/Yr
      3,000 SF

      Office Space for Sublease

      Up to 3,000 SF office space available for sublease.
      5621 International Pkwy, New Hope, MN 55428
      View Details
    • $20 SF/Yr
      2,136 SF

      Brooklyn Park Office Space Available

      Office space for rent in Brooklyn Park, Minnesota.
      7101 Northland Cir N, Brooklyn Park, MN 55428
      View Details
    • $13 SF/Yr
      118 SF

      Brooklyn Park Office Suites Available

      Executive office suites in Brooklyn Park, near I-694.
      7100 Northland Cir N, Brooklyn Park, MN 55428
      View Details
    • $14 SF/Yr
      4,013 SF

      Brooklyn Park Office Space Available

      Office space for rent with ample surface parking.
      7077 Northland Cir N, Brooklyn Park, MN 55428
      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.
    4900 Hwy 169
    New Hope, MN 55428
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.