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    Property profile & analytics

    7600-7800 Olson Mem Hwy Golden Valley, MN 55427

    • Neighborhood centers
    • 40,000 SF
    For Lease
    View listing
    $32 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 7600-7800 Olson Mem Hwy

    Year built
    1996
    Property size
    40,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Golden Valley
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3773
    Latitude
    44.9842

    Comparable in this City

    • Value Estimation by Request
      50,830 SF

      2703 Winnetka Ave

      Neighborhood centers • 50,830 SF
      2703 Winnetka Ave, Minneapolis, MN 55427
      View Details
    • Value Estimation by Request
      0.97 Acres

      2444 Mendelssohn Ln

      RESIDENTIAL PARKING GARAGE • 0.97 Acres
      2444 Mendelssohn Ln, Golden Valley, MN 55427-3138
      View Details
    • Value Estimation by Request
      0.97 Acres

      2432 Mendelssohn Ln

      RESIDENTIAL PARKING GARAGE • 0.97 Acres
      2432 Mendelssohn Ln, Golden Valley, MN 55427-3138
      View Details
    • Value Estimation by Request
      0.63 Acres

      2434 Mendelssohn Ln, Unit 36

      RESIDENTIAL PARKING GARAGE • 0.63 Acres
      2434 Mendelssohn Ln, Golden Valley, MN 55427-3138
      View Details
    • Value Estimation by Request
      2.61 Acres

      4151 Boone N Ave, Unit 30

      RESIDENTIAL PARKING GARAGE • 2.61 Acres
      4151 Boone N Ave, New Hope, MN 55427-1000
      View Details
    • Value Estimation by Request
      1.95 Acres

      7462 Hwy 55

      RESIDENTIAL PARKING GARAGE • 1.95 Acres
      7462 Hwy 55, Golden Valley, MN 55427-4836
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      40,000 SF

      Golden Valley Commons Retail Center

      Upscale retail center, Hwy 55 frontage.
      7600-7800 Olson Mem Hwy, Golden Valley, MN 55427
      View Details
    • Contact for pricing
      50,830 SF

      Midland Shopping Center: Minneapolis

      Prime Retail Space, Minneapolis, MN
      2703 Winnetka Ave, Minneapolis, MN 55427
      View Details
    • $23 SF/Yr
      4,144 SF

      Golden Valley Office Space Available

      Prime Minneapolis location, multiple suites.
      669 Winnetka Ave, Minneapolis, MN 55427
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      9,600 SF

      Prime New Hope Retail Space

      9,600 SF Multi-Tenant Storefront Available
      7500 42 Ave, New Hope, MN 55427
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      12,045 SF

      Automotive/Retail Space Near Home Depot

      Retail or automotive space with freeway visibility and ample parking.
      6771 Boone Ave N, Brooklyn Park, MN 55427
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    • $15 SF/Yr
      77,026 SF

      Valley Square Office Suites

      Golden Valley Executive Office Space
      7500 Olson Mem Hwy, Golden Valley, MN 55427
      View Details
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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
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