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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Commercial real estate
8100 78th St, Edina, MN 55439-2516
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-0281109
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
STEEL FRAME
Total area
24,838 SF
Lot
10.39 ac (452,588 SF)
Zoning code
POD-2
APN
18-116-21-21-0010
UPID
US46-0281109
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
-
Allina Health Laboratory – Edina Medical Laboratory
-
Spine Care at Abbott Northwestern Center for Outpatient Care Medical Clinic
-
Rickie Walkden, PT Physician
-
Kinney Shelly Gym & Fitness Center
-
Woefel Kimberly A Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$3.80M
Owner & transaction history
Allina Health System · 16 yrs held
Allina Health System
since 2009
3 recorded transactions
Zoning & alternative use
POD-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,585,000
6.5%
$4,230,000
7%
$3,930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,480,000
Current use
INDUSTRIAL (GENERAL)
$4,450,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±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
$153 / 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
$360,686
Tax year 2023
Assessed value
$12,795,300
Assessed 2023
Previous assessed
$11,634,800
+10.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$4,200,000
Assessed improvement
$8,595,300
Land market value
$4,200,000
Improvement market value
$8,595,300
Total market value
$12,795,300
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
24,838 SF
Lot
10.39 ac (452,588 SF)
Zoning code
POD-2
APN
18-116-21-21-0010
UPID
US46-0281109
Jurisdiction
HENNEPIN
Zoning & alternative use
POD-2 · Edina, MN
Zoning POD-2 · permitted uses
POD-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
10.39 ac
Current owner
From public records · entity-resolved
Allina Health System
Individual
Free & Clear · 16 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2021
—
8100 W 78th St LLC
—
Deed
related
$333,836 · Morgan Stanley Mortgage Capital Holdings
Jan 4, 2021
—
8100 W 78th St LLC
—
Deed
related
$333,836,249 · Morgan Stanley Bank NA
Dec 28, 2009
$1,800,000
Allina Health System
Drf Braemar LLC
Grant Deed
—
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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