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    5201 Eden Ave, Unit 300 Edina, MN 55436
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    5201 Eden Ave, Unit 300 Edina, MN 55436

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    • Commercial real estate
    • 30,991 SF
    • 3.45 lot acres
    For Lease
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    Grandview Square For Lease
    Contact for pricing

    Grandview Square

    Discover many ways to work your way in Grandview Square

    5201 Eden Ave,Unit 300, Edina, MN 55436
    View Listing
    Property ID
    US46-0012113
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5201 Eden Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    3.45 lot acres
    Property size
    30,991 SF
    Zone code
    MDD-4
    Property type
    Commercial real estate
    APN
    28-117-21-34-0040
    APU
    2811721340040

    Description

    This exceptional Class A office space, located at 5201 Eden Avenue Suite 300 in Edina, Minnesota (zip code 55436), offers a variety of flexible workspace solutions within the prestigious Grandview Square development. The property boasts 12,829 total square feet, with 5,970 square feet currently available. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, accommodating businesses of all sizes. The building features 350 total suites and underwent renovations in 2019. Enjoy abundant natural light from wide, floor-to-ceiling windows in these stylish, fully furnished and equipped offices. Options include private offices, coworking spaces, and creative office layouts, catering to diverse business needs. Amenities include elevators and convenient access to the 50th & France shopping and dining district, just five minutes away. This Hennepin County location provides excellent transportation links and a prime business address. The property offers serviced and custom office spaces, disaster recovery options, and day offices, providing flexible access to meet various business requirements. A comprehensive benefits program, including exclusive discounts and procurement support, further enhances the value proposition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,830,000
      6.5%
      $5,380,000
      7%
      $4,995,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,657,000
      Market price range: $2.20M - $7.66M
      AI Estimate
      $6,243,000
      Market price range: $1.83M - $6.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3544
    Latitude
    44.9082
    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
    $511,712
    $7,058,300
    $10,402,600
    $17,460,900
    -
    $7,058,300
    $10,402,600
    $17,460,900

    Comparable in this City

    • Value Estimation
      $885,000
      4,774 SF

      5101 Arcadia Ave

      COMMERCIAL (GENERAL) • 4,774 SF
      5101 Arcadia Ave, Edina, MN 55436-2307
      View Details
    • Value Estimation
      $5,405,000
      26,058 SF

      5050 Lincoln Dr

      COMMERCIAL (GENERAL) • 26,058 SF
      5050 Lincoln Dr, Edina, MN 55436-1054
      View Details
    • Value Estimation by Request
      0.65 Acres

      Minneapolis, MN 55436

      COMMERCIAL (GENERAL) • 0.65 Acres
      Minneapolis, MN 55436
      View Details
    • Value Estimation by Request
      0.50 Acres

      5013 Vernon S Ave

      COMMERCIAL (GENERAL) • 0.50 Acres
      5013 Vernon S Ave, Edina, MN 55436-2102
      View Details
    • Value Estimation
      $520,000
      2,808 SF

      5205 Vernon S Ave

      COMMERCIAL (GENERAL) • 2,808 SF
      5205 Vernon S Ave, Edina, MN 55436-2106
      View Details
    • Value Estimation
      $1,610,000
      20,104 SF

      6200 Interlachen Blvd

      COMMERCIAL (GENERAL) • 20,104 SF
      6200 Interlachen Blvd, Edina, MN 55436-1137
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      Office and warehouse spaces with highway access in Edina, MN.
      5500 Lincoln Dr, Edina, MN 55436
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    • Sponsored
      Contact for pricing

      Grandview Square

      Discover many ways to work your way in Grandview Square
      5201 Eden Ave, Edina, MN 55436
      View Details
    • Contact for pricing
      1,053 SF

      Edina Retail Space Available

      Retail space available for lease in Edina, Minnesota.
      5816 Lincoln Dr, Edina, MN 55436
      View Details
    • Contact for pricing

      Edina Office/Warehouse Space Available

      Office and warehouse spaces for lease with highway access.
      5600 Lincoln Dr, Edina, MN 55436
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      4,470 SF

      Retail Space Available For Rent

      Retail property available for lease in Edina, Minnesota.
      5101-5139 Gus Young Ln, Edina, MN 55436
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    View Listing
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    Edina, MN 55436
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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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