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Property profile & analytics
OFF-MARKET
Estimated value
$4,725,000
Industrial properties
6955 Washington S Ave, Edina, MN 55439-1506
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-0463514
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
CONCRETE BLOCKS
Total area
47,900 SF
Lot
3.16 ac (137,650 SF)
Zoning code
PID
APN
06-116-21-33-0049
UPID
US46-0463514
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
$4.73M
Owner & transaction history
Msp Braemar LLC · 1 yrs held
Msp Braemar LLC
since 2024
5 recorded transactions
Zoning & alternative use
PID · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$124,944
Tax year 2023
Assessed value
$4,306,700
Assessed 2023
Previous assessed
$3,690,500
+16.7% YoY
Effective rate
2.90%
On assessed value
Assessed land
$894,800
Assessed improvement
$3,411,900
Land market value
$894,800
Improvement market value
$3,411,900
Total market value
$4,306,700
Applied tax rate
273.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Total area
47,900 SF
Lot
3.16 ac (137,650 SF)
Zoning code
PID
APN
06-116-21-33-0049
UPID
US46-0463514
Jurisdiction
HENNEPIN
Zoning & alternative use
PID · Edina, MN
Zoning PID · permitted uses
PID · 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
1972
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Lot
3.16 ac
Current owner
From public records · entity-resolved
Msp Braemar LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12010 12TH AVE S, BURNSVILLE, MN 55337-1406
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
Msp Braemar LLC
Braemar D And P LLC
Deed
—
Nov 15, 2024
$5,550,000
Msp Braemar LLC
Braemar D And P LLC
Deed
—
Nov 21, 2012
—
Braemar D & P LLC
D & P Real Estate LLC
Quit Claim Deed
related
$1,650,000 · American Equity Inv Life Ins
Aug 24, 2012
$2,350,000
D & P Real Estate LLC
United Properties Inv LLC
Grant Deed
—
Jan 5, 2007
$3,295,000
Washington Avenue Invtrs LLC
First Industrial
Warranty Deed
—
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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