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Property profile & analytics
FOR LEASE
Industrial properties
7225 Washington Ave S, Edina, MN 55439
Entity Owned
~
Est. High Equity
Property ID
US46-0859339
For Lease
1 / 2
$1,585,000
7225 Washington Ave S, Edina, MN 55439
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Construction
CONCRETE BLOCKS
Total area
29,895 SF
Lot
2.13 ac (92,783 SF)
Zoning code
PID
APN
07-116-21-23-0004
UPID
US46-0859339
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
Current use
Occupant on record · Public records
-
Olsen Chain & Cable Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.59M
Owner & transaction history
Carousel Arena Properties LLC
Carousel Arena Properties LLC
since 2026
Last sale
$1.6M
7 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
Method
Estimation
Statistic approach
$1,570,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.60M (Mar 30 2022)
Last sale anchor
$1.60M
Mar 30 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
$53 / 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
$74,548
Tax year 2023
Assessed value
$2,690,600
Assessed 2023
Previous assessed
$2,175,100
+23.7% YoY
Effective rate
2.77%
On assessed value
Assessed land
$604,300
Assessed improvement
$2,086,300
Land market value
$604,300
Improvement market value
$2,086,300
Total market value
$2,690,600
Applied tax rate
272.0000
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
For Lease
Year built
1979
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
29,895 SF
Lot
2.13 ac (92,783 SF)
Zoning code
PID
APN
07-116-21-23-0004
UPID
US46-0859339
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
1979
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Carousel Arena Properties LLC
Entity
Mailing address
7225 WASHINGTON AVE S, EDINA, MN 55439-2403
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$3,400,000
Carousel Arena Properties LLC
Dcc Edina Shop LLC
Special Warranty Deed
$3,070,000 · Associated Bank
Mar 26, 2025
—
Dcc Edina Shop LLC
—
Deed
related
$3,000,000 · The First National Bank Of Cokato
Mar 30, 2022
—
Dcc Edina Shop LLC
Camp Master Properties LLC
Quit Claim Deed
related
—
Oct 7, 2021
—
Camp Master Properties LLC
David And Cathy Camp LLC
Intrafamily Transfer
related
$1,530,000 · The First National Bank Of Cokato
May 23, 2017
$1,600,000
David & Cathy Camp LLC
Marlin Camp LLC
Warranty Deed
$1,430,000 · Wells Fargo Bk
Sep 22, 2016
—
David & Cathy Camp LLC
—
Deed
related
$1,400,000 · Bridgewater Bank
Jan 6, 2010
$1,600,000
David & Cathy Camp LLC
Marlin Camp LLC
Grant Deed
—
Jan 6, 2010
—
Marlin Camp LLC
—
Trustees Deed
related
$450,000 · First National Bank
—
—
David & Cathy Camp LLC
—
Deed Of Trust
related
$500,000 · First Nat'l Bk/cokato
—
—
David & Cathy Camp LLC
—
Deed Of Trust
related
$1,400,000 · Bridgewater Bk
—
—
Marlin Camp LLC
—
Deed Of Trust
related
$450,000 · First National Bank
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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