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Property profile & analytics
OFF-MARKET
Estimated value
$4,950,000
Industrial properties
7301 Washington S Ave, Edina, MN 55439-2407
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-0451220
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1969
Construction
CONCRETE BLOCKS
Total area
26,167 SF
Lot
2 ac (87,120 SF)
Zoning code
PID
APN
07-116-21-23-0006
UPID
US46-0451220
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
-
SOL Organics Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.60M
CAP Approach
CAP
$4.38M
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$4.95M
Owner & transaction history
Gki Industrial Minneapolis LLC · 4 yrs held
Gki Industrial Minneapolis LLC
since 2021
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
PID · Edina, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+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
$5,600,000
CAP Approach
CAP Return
Estimation
6%
$4,740,000
6.5%
$4,375,000
7%
$4,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,690,000
Current use
COMMERCIAL (GENERAL)
$5,770,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.95M
Range $4.46M – $5.45M · ±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
$189 / 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
$68,171
Tax year 2023
Assessed value
$2,465,400
Assessed 2023
Previous assessed
$2,327,600
+5.9% YoY
Effective rate
2.77%
On assessed value
Assessed land
$566,700
Assessed improvement
$1,898,700
Land market value
$566,700
Improvement market value
$1,898,700
Total market value
$2,465,400
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
1969
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
NONE
Stories
1
Total area
26,167 SF
Lot
2 ac (87,120 SF)
Zoning code
PID
APN
07-116-21-23-0006
UPID
US46-0451220
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
$4.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
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
1969
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2 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
5 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
—
—
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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