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    Property profile & analytics

    15200 Minnetonka Industrial Rd Minnetonka, MN 55345

    • Industrial properties
    • 104,969 SF
    • 8.09 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2022
    $12,500,000
    Value Estimations
    $11,985,000
    Show details
    Cap Rate Potential
    9.3%
    Industrial properties
    Location Intelligence
    Property ID
    US46-0465247
    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

    • Industrial properties

    Property Details for 15200 Minnetonka Industrial Rd

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.09 lot acres
    Property size
    104,969 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    16-117-22-34-0012
    APU
    1611722340012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,280,000
      ML approach
      $8,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,856,000
      Market price range: $8.38M - $13.1M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $10,410,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4731
    Latitude
    44.9358
    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
    $274,745
    $2,820,000
    $5,851,000
    $8,671,000
    -
    $2,820,000
    $5,851,000
    $8,671,000

    Comparable in this City

    • Value Estimation
      $3,150,000
      45,256 SF

      15101 Minnetonka Industrial Rd

      INDUSTRIAL (GENERAL) • 45,256 SF
      15101 Minnetonka Industrial Rd, Minnetonka, MN 55345-2112
      View Details
    • Value Estimation
      $13,330,000
      177,644 SF

      3700 Williston Rd

      INDUSTRIAL (GENERAL) • 177,644 SF
      3700 Williston Rd, Minnetonka, MN 55345-2121
      View Details
    • Value Estimation
      $7,325,000
      99,423 SF

      6121 Baker Rd

      INDUSTRIAL (GENERAL) • 99,423 SF
      6121 Baker Rd, Minnetonka, MN 55345-5960
      View Details
    • Value Estimation
      $1,355,000
      15,504 SF

      6150 Baker Rd

      INDUSTRIAL (GENERAL) • 15,504 SF
      6150 Baker Rd, Minnetonka, MN 55345-5909
      View Details
    • Value Estimation
      $3,075,000
      45,000 SF

      15100 Minnetonka Industrial Rd

      INDUSTRIAL (GENERAL) • 45,000 SF
      15100 Minnetonka Industrial Rd, Minnetonka, MN 55345
      View Details
    • Value Estimation
      $2,805,000
      39,851 SF

      3792 Williston Rd

      INDUSTRIAL (GENERAL) • 39,851 SF
      3792 Williston Rd, Minnetonka, MN 55345-2130
      View Details

    Similar Nearby for Sale

    • $389,000
      0.80 Acres

      Residential Land in Glen Lake Area

      Heavily wooded lot near restaurants and shopping in Minnetonka.
      14819 Cherry Ln, Minnetonka, MN 55345
      View Details
    • $539,000
      0.87 Acres

      Residential Land in Minnetonka, MN

      Large walk-out site with mature trees, ready for custom home.
      1651x Hidden Valley Rd, Minnetonka, MN 55345
      View Details
    • $419,000
      0.57 Acres

      Residential Land in Minnetonka

      Residential land for new construction in Minnetonka, Minnesota.
      165xx Hidden Valley Rd, Minnetonka, MN 55345
      View Details
    • $309,900
      0.50 Acres

      Residential Lot in Glen Lake

      Vacant lot in Minnetonka's desirable Glen Lake area.
      14709 Glendale St, Minnetonka, MN 55345
      View Details
    • $7,500,000
      12,544 SF

      Prime Minnetonka Walgreens Investment

      NNN Lease, Corporate Guarantee, High Traffic
      4950 County Road 101, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      12,544 SF

      Established Walgreens in Minnetonka

      Walgreens with drive-through on hard corner with 9+ years remaining.
      4590 County Road 101, Minnetonka, MN 55345
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,662 SF

      Warehouse Space in Minnetonka

      Warehouse space for sublease featuring office and dock door.
      15300-15324 Minnetonka Industrial Rd, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      8,208 SF

      Minnetonka Warehouse/Industrial Space Available

      Warehouse/industrial space for rent in Minnetonka, dock and drive-in.
      15225-15305 Minnetonka Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      3,907 SF

      Minnetonka Flex Space Available

      Flex space with distinct entrances, dock, and drive-in loading.
      6121 Baker Rd, Minnetonka, MN 55345
      View Details
    • Sponsored
      Contact for pricing

      MN, Minnetonka - County Road

      Workspaces, services and support to help you work better in MN, Minnetonka - County Road
      5125 County Road 101, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Minnetonka Flex Space Available

      Flex space with dock and drive-in loading in Minnetonka.
      15305 Minnetonka Blvd, Minnetonka, MN 55345
      View Details
    • Contact for pricing

      Medical Development Opportunity in Minnetonka

      Proposed medical development opportunity in Minnetonka, Minnesota.
      14317 Excelsior Blvd, Minnetonka, MN 55345
      View Details
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    Minnetonka, MN 55345
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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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