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    Property profile & analytics

    9220 Bass Lk Rd New Hope, MN 55428

    • Commercial real estate
    • 6.98 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $7,395,000
    Last Sale
    Aug 03, 2022
    $8,000,000
    Location Intelligence
    Property ID
    US46-0131877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9220 Bass Lk Rd

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    6.98 lot acres
    Property type
    Commercial real estate
    APN
    06-118-21-23-0078
    APU
    611821230078

    Description

    This exceptional executive office space in New Hope, Minnesota, offers 40,518 square feet of immediately available space within a 109,704 square foot building situated on a 6.98-acre lot at 9220 Bass Lake Rd, 55428. The property, built in 1973 and extensively renovated in 2021, is zoned RO and provides flexible suite sizes ranging from a minimum of 1,502 square feet to a maximum contiguous space of 13,633 square feet. Multiple tenancy options are available, catering to businesses of various sizes. The building's convenient location offers easy access to major transportation arteries, including Highway 169 and Interstate 94, providing seamless commutes for employees. Its strategic location in New Hope places it within close proximity to several other significant cities, including Maple Grove, Plymouth, Brooklyn Center, and Brooklyn Park, enhancing its accessibility and appeal. This presents a unique opportunity to establish a presence in a thriving business community while enjoying the advantages of a suburban setting. The property's modern amenities and flexible floor plans make it an ideal location for businesses seeking a productive and comfortable work environment. This is a rare opportunity to secure high-quality office space in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,195,000
      6.5%
      $7,670,000
      7%
      $8,710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,395,000
      Geo Method
      $7,425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,245,000
      Retail
      $9,630,000
      Mixed-Use
      $8,015,000
      Hospitality
      $9,390,000
      Educational
      $9,255,000
      Residential Income
      $9,000,000
      Energy
      $8,285,000
      Income-Based Land
      $8,700,000
      Food Service
      $8,515,000

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3971
    Latitude
    45.0586
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $221,530
    $2,138,000
    $4,622,000
    $6,760,000
    -
    $2,138,000
    $4,622,000
    $6,760,000

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      6918 Bass Lk Rd

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    • Value Estimation by Request
      1.78 Acres

      6800 Bass Lk Rd

      COMMERCIAL (GENERAL) • 1.78 Acres
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    • Value Estimation by Request
      0.85 Acres

      5640 Broadway Ave

      COMMERCIAL (GENERAL) • 0.85 Acres
      5640 Broadway Ave, Crystal, MN 55428-3556
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      2.20 Acres

      4900 State Hwy No, Unit 169

      COMMERCIAL (GENERAL) • 2.20 Acres
      4900 State Hwy No, New Hope, MN 55428
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    • Value Estimation by Request
      1.30 Acres

      7472 Lakeland N Ave

      COMMERCIAL (GENERAL) • 1.30 Acres
      7472 Lakeland N Ave, Brooklyn Park, MN 55428-1229
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    • Value Estimation by Request
      13.59 Acres

      6900 Lakeland N Ave

      COMMERCIAL (GENERAL) • 13.59 Acres
      6900 Lakeland N Ave, Brooklyn Park, MN 55428-1615
      View Details

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    New Hope, MN 55428
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    Realmo Value Estimation

    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.

    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
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