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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Industrial properties
7251 Washington S Ave, Edina, MN 55439-2403
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0898413
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
CONCRETE BLOCKS
Total area
26,523 SF
Lot
1.93 ac (84,071 SF)
Zoning code
PID
APN
07-116-21-23-0010
UPID
US46-0898413
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
$5.63M
CAP Approach
CAP
$4.44M
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$4.98M
Owner & transaction history
Gki Industrial Minneapolis LLC · 4 yrs held
Gki Industrial Minneapolis LLC
since 2021
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
PID · Edina, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+23.1%
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
$5,335,000
ML approach
$5,630,000
CAP Approach
CAP Return
Estimation
6%
$4,800,000
6.5%
$4,435,000
7%
$4,115,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,755,000
Current use
COMMERCIAL (GENERAL)
$5,850,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $5.00M (Dec 13 2021)
Last sale anchor
$5.00M
Dec 13 2021
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
$188 / 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
$70,657
Tax year 2023
Assessed value
$2,495,200
Assessed 2023
Previous assessed
$2,330,500
+7.1% YoY
Effective rate
2.83%
On assessed value
Assessed land
$545,400
Assessed improvement
$1,949,800
Land market value
$545,400
Improvement market value
$1,949,800
Total market value
$2,495,200
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
Off-Market
Year built
1968
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
NONE
Stories
1
Total area
26,523 SF
Lot
1.93 ac (84,071 SF)
Zoning code
PID
APN
07-116-21-23-0010
UPID
US46-0898413
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Gki Industrial Minneapolis LLC
Entity
Free & Clear · 4 yrs held
Mailing address
280 PARK AVE FL, NEW YORK, NY 10017-1274
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
—
Gki Industrial Minneapolis LLC
—
Deed
related
$1,000,000 · Morgan Stanley Mortgage Capital Holdings
Dec 13, 2021
$5,000,000
Gki Industrial Minneapolis LLC
Mulp Ll LLC
Limited Warranty Deed
—
Jan 25, 2018
$4,479,488
Mulp Ll LLC
Edina Twins Property LLC
Grant Deed
—
May 4, 2016
—
Edina Twins Property LLC
—
Deed
related
$1,748,500 · Bridgewater Bk
Dec 31, 2015
$2,520,740
Edina Twins Property LLC
First Indl LP
Warranty Deed
—
—
—
Edina Twins Property LLC
—
Deed Of Trust
related
$1,748,500 · Bridgewater Bk
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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