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Property profile & analytics
OFF-MARKET
Estimated value
$4,735,000
Industrial properties
7725 Washington S Ave, Edina, MN 55439-2422
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-1075350
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,529 SF
Lot
4.09 ac (178,160 SF)
Zoning code
PID
APN
07-116-21-33-0003
UPID
US46-1075350
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
-
Equus Computer Systems Inc Computer Hardware Manufacturer
-
Extra Space Storage Storage Facility
-
Exelus Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$4.74M
Owner & transaction history
Lw Storage Edina LLC · 5 yrs held
Lw Storage Edina LLC
since 2020
7 recorded transactions
Zoning & alternative use
PID · Edina, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,430,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,110,000
Current use
COMMERCIAL (GENERAL)
$6,290,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.74M
Range $4.26M – $5.21M · ±10%
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
$166 / 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
$436,710
Tax year 2023
Assessed value
$15,480,000
Assessed 2023
Previous assessed
$12,500,000
+23.8% YoY
Effective rate
2.82%
On assessed value
Assessed land
$1,157,700
Assessed improvement
$14,322,300
Land market value
$1,157,700
Improvement market value
$14,322,300
Total market value
$15,480,000
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
28,529 SF
Lot
4.09 ac (178,160 SF)
Zoning code
PID
APN
07-116-21-33-0003
UPID
US46-1075350
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
$5.1M
COMMERCIAL (GENERAL)
Est. value
$6.3M
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
Lw Storage Edina LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
—
Lw Storage Edina LLC
—
Deed
related
$9,000,000 · Choice Fin'l
Sep 4, 2020
$2,770,000
Lw Storage Edina LLC
E & R Investments LLC
Warranty Deed
$12,740,000 · Choice Fin'l
Feb 27, 2020
—
E & R Investments LLC
—
Deed
related
$12,740,000 · Choice Fin'l
Aug 9, 2019
$5,000,000
E & R Investments LLC
Rimage Corp
Grant Deed
$6,500,000 · Choice Fin'l
Jul 8, 2014
$3,036,000
Rimage Corp
Qumu Corp
Warranty Deed
—
Oct 1, 2008
$3,800,000
Rimage Corp
7725 Washington Ave Corp
Warranty Deed
—
—
—
E & R Investments LLC
—
Loan Modification
related
$12,740,000 · Choice Fin'l
—
—
Lw Storage Edina LLC
—
Loan Modification
related
$9,000,000 · Choice Fin'l
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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