Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4000 Shoreline Dr, Unit G9 Spring Park, MN 55384-9656
    Back to Search
    Property profile & analytics

    4000 Shoreline Dr, Unit G9, Spring Park, MN 55384-9656

    View on Map
    • Parking lots & garages
    • 0.22 lot acres
    Off-Market
    Last Sale Sep 19, 2022
    $129,900
    Property ID
    US46-0992688
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Superior Tech Products / Big Box & Wholesale Store / Agricultural Supply
    • Strate Grain Co / Feed Store / Warehouse & Storage

    Property Details for 4000 Shoreline Dr

    Year built
    1983
    Lot size
    0.22 lot acres
    Property type
    Parking lots & garages
    APN
    17-117-23-33-0119
    APU
    1711723330119

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2022 — Tarkington Holdings LLC Mitchell D Kelm Quit Claim Deed · related —
    Dec 30, 2021 — Mitchell D Kelm Michell D Kelm Intrafamily Transfer · related $108k · Crosscountry Mortgage LLC
    Oct 7, 2013 $129,900 Mitchell D Kelm Burich,shelley G Warranty Deed $117k · Tcf National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.6247
    Latitude
    44.9352
    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
    $81
    $5,000
    $3,000
    $8,000
    -
    $5,000
    $3,000
    $8,000

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      10 Shoreline Plg10

      RESIDENTIAL PARKING GARAGE
      10 Shoreline Plg10, Spring Park, MN 55384-9644
      View Details
    • Value Estimation by Request
      0.22 Acres

      4000 Shoreline Dr, Unit G8

      RESIDENTIAL PARKING GARAGE
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details
    • Value Estimation by Request
      0.22 Acres

      7 Shoreline Plg7

      RESIDENTIAL PARKING GARAGE
      7 Shoreline Plg7, Spring Park, MN 55384-9644
      View Details
    • Value Estimation by Request
      0.22 Acres

      4000 Shoreline Dr, Unit G1

      RESIDENTIAL PARKING GARAGE
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details
    • Value Estimation by Request
      0.22 Acres

      4000 Shoreline Dr, Unit G5

      RESIDENTIAL PARKING GARAGE
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details
    • Value Estimation by Request
      0.22 Acres

      4000 Shoreline Dr, Unit G11

      RESIDENTIAL PARKING GARAGE
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,686 SF

      Commercial Property in Lakeside Community

      Highly visible commercial property in Spring Park, Minnesota.
      4388 Shoreline Dr, Spring Park, MN 55384
      View Details
    • $850,000
      Pending

      Land For Sale

      Land available just west of Fletcher's in Spring Park.
      2059 Dickson Avenue Ext, Spring Park, MN 55384
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in Spring Park

      Retail or office space available for rent in Spring Park.
      4000 Shoreline Dr, Spring Park, MN 55384
      View Details
    • Contact for pricing

      Spring Park Office/Retail Space

      Move-in ready office/retail space with lake views in Spring Park.
      4032 Shoreline Dr, Spring Park, MN 55384
      View Details
    • Contact for pricing
      3,689 SF

      Office Warehouse Suite For Lease

      3,689 SF office warehouse suite available for lease.
      4142-4166 Shoreline Dr, Spring Park, MN 55384
      View Details
    • Contact for pricing
      5,398 SF

      Class A Office Space

      Turnkey office space on Lake Minnetonka, 20 miles from Minneapolis.
      4100 Shoreline Dr, Spring Park, MN 55384
      View Details
    • Contact for pricing
      10,318 SF

      Spring Park Office Warehouse Space

      Office warehouse space available for lease in Spring Park.
      4254-4300 Shoreline Dr, Spring Park, MN 55384
      View Details
    • Contact for pricing
      5,398 SF

      Class A Office Space

      Turnkey office space on Lake Minnetonka, 20 miles west of Minneapolis.
      4201 Sunset Dr, Spring Park, MN 55384
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4000 Shoreline Dr, Unit G9
    Spring Park, MN 55384-9656
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4000 Shoreline Dr, Spring Park, MN, 55384
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!