Property profile

5550 Smetana Dr Minnetonka, MN 55343

OFF-MARKET
Industrial properties
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Property ID
US46-0941096
30,000 SF 2.31 ac Built 1970
Last sale Aug 2023·$2,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$74k
Tax billed · 2023
Assessed value$2.55M
Assessed land$806k
Assessed improvement$1.74M
Effective rate2.88%

Value estimate

· Nov 2026
$2.71M
$2.44M – $2.98M
AI approach$2.84M
Submarket $/SF estimate$2.54M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$80 – $125
Qualifying comparables15

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-1
RESIDENTIAL DISTRICTS. 300.16. CONDITIONAL USE PERMIT STANDARDS FOR RESIDENTIAL DISTRICTS. 300.17 . B-1 OFFICE BUSINESS DISTRICT. 300.18 ...
General categoryINDUSTRIAL
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.9
Realty agency25.6
Dental Office22.5

Location

5550 Smetana Dr Minnetonka, MN 55343-9022
County assessor Recorded deeds · 5 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5401 Smetana, Minnetonka, MN 55343-9060 $8,700,000 May 2025 63,708 SF
5501 Opportunity, Minnetonka, MN 55343-9019 $3,850,000 Sep 2024 34,446 SF
10701 Bren E, Minnetonka, MN 55343 $5,800,000 Apr 2024 44,899 SF
6103 Blue Cir, Minnetonka, MN 55343-9108 $3,325,000 Sep 2023 30,872 SF
10701 Red Cir, Minnetonka, MN 55343-9136 $1,500,000 Sep 2023 19,643 SF
10201 Bren E, Minnetonka, MN 55343-9007 $3,000,000 Feb 2022 19,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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