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Property profile & analytics
FOR LEASE
Commercial real estate
5500 Wayzata Blvd, Golden Valley, MN 55416
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0603694
For Lease
1 / 2
$18,865,000
5500 Wayzata Blvd, Golden Valley, MN 55416
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Lot
2.34 ac (101,930 SF)
APN
04-117-21-24-0028
UPID
US46-0603694
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
by Request
Blend (final)
Blend
$18.87M
Owner & transaction history
Colonnade Ridge LLC · 3 yrs held
Colonnade Ridge LLC
since 2022
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
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 Golden Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Golden Valley 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
$16,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.87M
Range $16.98M – $20.75M · ±10% · vs last sale $20.00M (Dec 28 2022)
Last sale anchor
$20.00M
Dec 28 2022
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
—
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
$1,878,428
Tax year 2023
Assessed value
$58,587,000
Assessed 2023
Previous assessed
$69,576,000
-15.8% YoY
Effective rate
3.21%
On assessed value
Assessed land
$3,062,000
Assessed improvement
$55,525,000
Land market value
$3,062,000
Improvement market value
$55,525,000
Total market value
$58,587,000
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
1988
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Lot
2.34 ac (101,930 SF)
APN
04-117-21-24-0028
UPID
US46-0603694
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Lot
2.34 ac
Current owner
From public records · entity-resolved
Colonnade Ridge LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3601 MINNESOTA DR STE #510, BLOOMINGTON, MN 55435-5835
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
Colonnade Ridge LLC
Colonnade Owner LLC
Intrafamily Transfer
related
—
Dec 22, 2022
$20,000,000
Colonnade Ridge LLC
Colonnade Owner LLC
Warranty Deed
—
Oct 26, 2022
—
Colonnade Owner LLC
Sof Xi Colonnade Owner LLC
Re-recorded Document
related
—
Oct 25, 2022
—
Colonnade Owner LLC
Sof Xi Colonnade Owner LLC
Warranty Deed
—
Dec 2, 2014
—
G & I Vii Colonnade LLC
—
Loan Modification
related
$14,000,000 · Wells Fargo Bk
Dec 1, 2014
—
G & I Vii Colonnade LLC
—
Loan Modification
related
$14,000,000 · Wells Fargo Bk
Dec 22, 2011
$50,403,720
G & I Vii Colonnade Land LLC
Nd Properties INC
Grant Deed
—
Aug 14, 2001
—
Nd Properties INC
Teachers Insurance & Annuity
Grant Deed
related
—
Jan 8, 1998
—
Ins Teacher
Nd Properties INC
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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