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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14400 Excelsior Blvd Minnetonka, MN 55345-5820

    • Commercial real estate
    • 36,885 SF
    • 3.56 lot acres
    OFF-MARKET
    Value Estimations
    $4,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0034942
    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 14400 Excelsior Blvd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.56 lot acres
    Property size
    36,885 SF
    Zone code
    PUD
    Property type
    Commercial real estate
    APN
    28-117-22-44-0526
    APU
    2811722440526

    Description

    Glen Lake Village, located at 14400 Excelsior Blvd in Minnetonka, Minnesota, presents a prime retail opportunity. This grocery-anchored center offers 1,620 square feet of immediately available space within a larger 3,350 square foot building. The property is classified as multi-tenant commercial retail space in Hennepin County, zip code 55345. Ample parking is provided with 147 spaces available for customers and tenants. The location benefits from high visibility and convenient access for shoppers. This space is ideal for a variety of retail uses, complementing the existing tenants and thriving commercial environment. The property's strategic location in Minnetonka offers excellent access to a dense residential population and significant daily traffic flow along Excelsior Boulevard. The 1,620 square feet of vacant space provides a flexible layout adaptable to various business needs. This is a unique opportunity to establish a presence in a well-established and successful retail center. The property is situated at 44.9062233 latitude and -93.4637289 longitude. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,273,000
      Market price range: $2.04M - $6.06M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4637
    Latitude
    44.9062
    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
    $216,290
    $2,481,000
    $4,909,000
    $7,390,000
    -
    $2,481,000
    $4,909,000
    $7,390,000

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

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    • Value Estimation
      $3,240,000
      19,405 SF

      14525 Hwy 7th 7

      COMMERCIAL (GENERAL) • 19,405 SF
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      View Details
    • Value Estimation
      $930,000
      5,196 SF

      14820 Hwy 7th 7

      COMMERCIAL (GENERAL) • 5,196 SF
      14820 Hwy 7th 7, Minnetonka, MN 55345-4574
      View Details
    • Value Estimation
      $1,750,000
      18,332 SF

      17501 Minnetonka Blvd

      COMMERCIAL (GENERAL) • 18,332 SF
      17501 Minnetonka Blvd, Minnetonka, MN 55345-1009
      View Details
    • Value Estimation by Request
      0.76 Acres

      Minnetonka, MN 55345

      COMMERCIAL (GENERAL) • 0.76 Acres
      Minnetonka, MN 55345
      View Details
    • Value Estimation by Request
      63.76 Acres

      14350 Co N Rd

      COMMERCIAL (GENERAL) • 63.76 Acres
      14350 Co N Rd, Minnetonka, MN 55345
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      12,662 SF

      Warehouse Space in Minnetonka

      Warehouse space for sublease featuring office and dock door.
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      Flex space in Minnetonka with dock and drive-in loading.
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      Flex space with distinct entrances, dock, and drive-in loading.
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    • Contact for pricing
      10,000 SF

      Retail/Medical Space in Minnetonka

      New construction retail/medical space in Minnetonka, grocery anchored.
      14317 Excelsior Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      2,580 SF

      Retail Space in Mixed-Use Development

      Retail space in Minnetonka with high visibility and ample parking.
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      View Details
    • $18 SF/Yr
      1,240 SF

      Retail Space in Glen Lake

      Retail space available in neighborhood center anchored by Lunds & Byerly’s.
      14400-14448 Excelsior Blvd, Minnetonka, MN 55345
      View Details
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    Minnetonka, MN 55345-5820
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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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