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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Specialty properties
16200 Berger Dr Eden Prairie, MN 55347-2365
Individually Owned
3-yr Hold
Free & Clear
Property ID
US46-1134080
Property profile
Verified
Property type
Specialty properties
Use group
COMMERCIAL MISC
Year built
1994
Construction
WOOD FRAME
Total area
4,882 SF
Lot
5.91 ac (257,440 SF)
Zoning code
PUB
APN
17-116-22-44-0058
UPID
US46-1134080
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$775k
Owner & transaction history
Bradley Ervin · 3 yrs held
Bradley Ervin
since 2023
1 recorded transaction
Zoning & alternative use
PUB · Eden Prairie, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
al TOD - Employment TOD TOD-MU TOD-R TOD-E Mixed Use District MU Flex Service District FS Industrial District Industrial Park District Industrial Park District General Industrial District I I-2 I-5 I-Gen Public District PUB Golf Course GC Airport - Office A - OFC Airport - Commercial A - C Park and Open Space District P The location and boundaries of the dis…
Zone name
Public
General category
CIVIC_INSTITUTIONAL
Zone area
1,189.07 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eden Prairie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eden Prairie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Applied tax rate
272.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
COMMERCIAL MISC
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,882 SF
Lot
5.91 ac (257,440 SF)
Zoning code
PUB
APN
17-116-22-44-0058
UPID
US46-1134080
Jurisdiction
HENNEPIN
Zoning & alternative use
PUB · Eden Prairie, MNZoning PUB · permitted uses
PUB · Eden Prairie, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
al TOD - Employment TOD TOD-MU TOD-R TOD-E Mixed Use District MU Flex Service District FS Industrial District Industrial Park District Industrial Park District General Industrial District I I-2 I-5 I-Gen Public District PUB Golf Course GC Airport - Office A - OFC Airport - Commercial A - C Park and Open Space District P The location and boundaries of the districts established in this ordinance are set forth on the zoning map entitled "Zoni
Zone name
Public
General category
CIVIC_INSTITUTIONAL
Zone area
1,189.07 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1994
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.91 ac
Current owner
From public records · entity-resolved
Bradley Ervin
Individual
Free & Clear · 3 yrs held
Mailing address
16026 LAKESHORE DR, EDEN PRAIRIE, MN 55347-2314
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
—
Bradley Ervin
Victory Lutheran Church Eden Prairi
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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