New search
Property profile & analytics
FOR LEASE
Commercial real estate
5050 Lincoln Dr, Edina, MN 55436
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0870507
For Lease
$5,405,000
5050 Lincoln Dr, Edina, MN 55436
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
26,058 SF
Lot
5.04 ac (219,542 SF)
Zoning code
POD-1
APN
30-117-21-32-0044
UPID
US46-0870507
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
$4.53M
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$5.41M
Owner & transaction history
Ofvf II Bdc LLC · 5 yrs held
Ofvf II Bdc LLC
since 2020
7 recorded transactions
Zoning & alternative use
POD-1 · Edina, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Edina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edina 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%
$4,900,000
6.5%
$4,525,000
7%
$4,200,000
Blend value · Realmo final
$5.41M
Range $4.86M – $5.95M · ±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
$207 / 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
Tax billed
$409,528
Tax year 2023
Assessed value
$14,400,000
Assessed 2023
Previous assessed
$16,816,800
-14.4% YoY
Effective rate
2.84%
On assessed value
Assessed land
$3,293,600
Assessed improvement
$11,106,400
Land market value
$3,293,600
Improvement market value
$11,106,400
Total market value
$14,400,000
Applied tax rate
270.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
26,058 SF
Lot
5.04 ac (219,542 SF)
Zoning code
POD-1
APN
30-117-21-32-0044
UPID
US46-0870507
Jurisdiction
HENNEPIN
Zoning & alternative use
POD-1 · Edina, MN
Zoning POD-1 · permitted uses
POD-1 · Edina, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Lot
5.04 ac
Current owner
From public records · entity-resolved
Ofvf II Bdc LLC
Entity
Mailing address
6800 FRANCE AVE S STE #555, EDINA, MN 55435-2029
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
$11,500,000
Ofvf II Bdc LLC
Target Corp
Grant Deed
$13,878,000 · Bridgewater Bk
Feb 13, 2020
$500
Edina Partners Mn LLC
Edina Partners Mn LLC
Quit Claim Deed
related
—
Aug 7, 2015
$14,100,000
Lsref4 Bison LLC
Iret Properties
Grant Deed
—
Jun 30, 2014
—
Iret Properties
—
Deed Of Trust
related
$25,000,000 · Privatebank & Tr
—
—
Iret Properties
—
Loan Modification
related
$35,000,000 · Privatebank & Tr
—
—
Lsref4 Bison LLC
—
Deed Of Trust
related
$811,000,000 · Jp Morgan Chase Bk
—
—
Lsref4 Bison LLC
—
Deed Of Trust
related
$811,000,000 · Jp Morgan Chase Bk
—
—
Lsref4 Bison LLC
—
Loan Modification
related
$811,000,000 · Jp Morgan Chase Bk
—
—
Lsref4 Bison LLC
—
Loan Modification
related
$811,000,000 · Jp Morgan Chase Bk
—
—
Edina Partners Mn LLC
—
Deed Of Trust
related
$10,350,000 · Miscellaneous Ins Co
—
—
Edina Partners Mn LLC
—
Loan Modification
related
$1,000,000 · Miscellaneous Ins Co
—
—
Iret Properties
—
Deed Of Trust
related
$9,327,090 · American Family Life Ins Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
