Financial
Distress signals
Property profile

12400 Whitewater Dr Minnetonka, MN 55343

FOR LEASE
Other commercial real estate
Property ID
US46-0737446
64,984 SF 6.25 ac lot Built 1984
Last sale Nov 2018 · $5,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of multiple rentable office suites offering Class A finishes and abundant window lines, with first-floor access and the ability to retrofit suites to suit tenant requirements. Suite 110 provides 7,502 rentable square feet, Suite 2010 provides 11,111 rentable square feet, and Suite 2030 provides 7,458 rentable square feet; Suites 2010 and 2030 can be combined to create an 18,569 rentable square foot space. The site includes ample parking configured at approximately 4 spaces

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$205k
Tax billed · 2023
Assessed value$7.02M
Assessed land$3.81M
Assessed improvement$3.21M
Effective rate2.93%

Value estimate

· Sep 2026
$4.86M
$4.37M – $5.35M
Sales comparison$5.43M
NOI build-up
Gross scheduled income$77k
Vacancy & credit loss−$21k
Operating expenses−$14k
NOI · 276,366.67% cap applied$41k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$160/SF
County average, outlier-cleaned · 1276 recorded sales of this use type
Observed band · Q1–Q3$80 – $265
Qualifying comparables7

Cap rate analysis

How does the asset earn?
276,366.67%
$41k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PUD
The purpose of the planned unit development zoning district is to provide a district that grants flexibility from certain subdivision and...
General categoryPLANNED_DEVELOPMENT
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Restaurant10.1
Electrical Service9.8

Location

12400 Whitewater Dr Minnetonka, MN 55343
County assessor Recorded deeds · 9 transfers 7 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10900 Red Cir, Minnetonka, MN 55343-9106 $23,069,000 Jul 2025 56,163 SF
1515 Mainstreet, Hopkins, MN 55343-7406 $300,000 Jan 2025 905 SF
5605 Grn Cir, Minnetonka, MN 55343-4523 $3,400,000 Sep 2023 36,159 SF
6110 Blue Cir, Minnetonka, MN 55343-9128 $2,850,000 Sep 2023 18,000 SF
6001 Shady Oak S, Minnetonka, MN 55343-8912 $1,650,000 Sep 2023 16,186 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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