Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7807 Washington S Ave Edina, MN 55439

    • Commercial real estate
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2021
    $1,625,000
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-1315040
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7807 Washington S Ave

    Year built
    2020
    Lot size
    0.75 lot acres
    Property type
    Commercial real estate
    APN
    18-116-21-22-0011
    APU
    1811621220011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000
      ML approach
      $1,580,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edina
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3968
    Latitude
    44.8617
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,967
    $198,000
    $1,000
    $199,000
    -
    $198,000
    $1,000
    $199,000

    Comparable in this City

    • Value Estimation by Request
      402.23 Acres

      7501 Ikola Way

      COMMERCIAL (GENERAL) • 402.23 Acres
      7501 Ikola Way, Edina, MN 55439-2554
      View Details
    • Value Estimation
      $3,800,000
      24,838 SF

      8100 78th St

      COMMERCIAL (GENERAL) • 24,838 SF
      8100 78th St, Edina, MN 55439-2516
      View Details
    • Value Estimation
      $890,000
      9,918 SF

      7730 Normandale Blvd

      COMMERCIAL (GENERAL) • 9,918 SF
      7730 Normandale Blvd, Edina, MN 55439-3139
      View Details
    • Value Estimation
      $3,820,000
      25,816 SF

      7900 78th St

      COMMERCIAL (GENERAL) • 25,816 SF
      7900 78th St, Edina, MN 55439-2523
      View Details
    • Value Estimation by Request
      79,488 SF

      7800 Normandale Blvd

      COMMERCIAL (GENERAL) • 79,488 SF
      7800 Normandale Blvd, Edina, MN 55439-3147
      View Details
    • Value Estimation
      $670,000
      8,187 SF

      7251 Ohms Ln

      COMMERCIAL (GENERAL) • 8,187 SF
      7251 Ohms Ln, Edina, MN 55439-2148
      View Details

    Similar Nearby for Sale

    • $475,000
      0.67 Acres

      Lakefront Lot in Edina

      Rare opportunity to build a dream home on Arrowhead Lake.
      6441 Mccauley Ter, Edina, MN 55439
      View Details
    • $389,900
      1,968 SF

      Well-Maintained Townhome with Upgrades

      Upgraded townhome featuring a screen porch and private patio.
      5535 Village Dr, Minneapolis, MN 55439
      View Details
    • Contact for pricing

      Land with Highway Visibility

      Commercial land with high visibility near major transportation routes.
      7851 Normandale Blvd, Bloomington, MN 55439
      View Details
    • $450,000
      0.62 Acres

      Arrowhead Lake Residential Land

      Buildable lake lot in Edina's Indian Hills neighborhood.
      6415 Mccauley Cir, Edina, MN 55439
      View Details
    • $574,000

      Upscale 55+ Living in Edina

      Maintenance-free living with resort-style amenities near shopping and dining.
      7100 Metro Blvd, Minneapolis, MN 55439
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      22,746 SF

      Edina Office Space for Lease

      Modern Office Building, 4 Suites Available
      7777 Washington Ave, Edina, MN 55439
      View Details
    • $14 SF/Yr
      75,526 SF

      Modern Office Space For Lease

      75,526 SF renovated office space with ample parking.
      7831 Glenroy Rd, Minneapolis, MN 55439
      View Details
    • Contact for pricing
      60,082 SF

      Edina Industrial Warehouse Space

      7,321 SF Warehouse - Flexible Lease
      7667 Cahill Rd, Edina, MN 55439
      View Details
    • Contact for pricing

      Office/Warehouse Space for Lease

      Office/warehouse space with easy access to major highways.
      7100-7110 Ohms Ln, Minneapolis, MN 55439
      View Details
    • Contact for pricing

      Edina Industrial Park Flex Suites

      Multiple flex suites available in Edina's Industrial Park.
      5301 Edina Industrial Blvd, Minneapolis, MN 55439
      View Details
    • $6 SF/Yr
      122,312 SF

      Edina Distribution Center Opportunity

      Large warehouse, prime location, sublease option.
      5300 76 St, Minneapolis, MN 55439
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7807 Washington S Ave
    Edina, MN 55439
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.