Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8651 Basswood Rd, Unit G202 Eden Prairie, MN 55344-4144
    Back to Search
    Property profile & analytics

    8651 Basswood Rd, Unit G202, Eden Prairie, MN 55344-4144

    View on Map
    • Parking lots & garages
    • 4.11 lot acres
    Off-Market
    Property ID
    US46-3099172
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 8651 Basswood Rd

    Year built
    1986
    Lot size
    4.11 lot acres
    Zone code
    RM-2.5
    Property type
    Parking lots & garages
    APN
    24-116-22-21-0151
    APU
    2411622210151

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2019 $240,000 Michael L Ruth Eisele,gerald C Warranty Deed $192k · Affinity Plus FCU
    Jul 29, 2008 $185,000 Gerald C Eisele Clapper T L JR & L L Trust Grant Deed $148k · Bell Mortgage
    — — Gerald C Eisele — Deed Of Trust · related $155k · Bell Mortgage

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eden Prairie
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4128
    Latitude
    44.8449
    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
    $185
    $4,100
    $12,400
    $16,500
    -
    $4,100
    $12,400
    $16,500

    Comparable in this City

    • Value Estimation by Request
      4.11 Acres

      8621 Basswood Rd, Unit Q

      RESIDENTIAL PARKING GARAGE
      8621 Basswood Rd, Eden Prairie, MN 55344-4178
      View Details
    • Value Estimation by Request
      4.11 Acres

      8621 Basswood Rd, Unit V

      RESIDENTIAL PARKING GARAGE
      8621 Basswood Rd, Eden Prairie, MN 55344-4178
      View Details
    • Value Estimation by Request
      4.58 Acres

      11160 Anderson Lks Pkwyg31

      RESIDENTIAL PARKING GARAGE
      11160 Anderson Lks Pkwyg31, Eden Prairie, MN 55344-7410
      View Details
    • Value Estimation by Request
      4.58 Acres

      11160 Anderson Lks Pkwy, Unit 216

      RESIDENTIAL PARKING GARAGE
      11160 Anderson Lks Pkwy, Eden Prairie, MN 55344-4168
      View Details
    • Value Estimation by Request
      4.58 Acres

      11160 Anderson Lks Pkwyg77

      RESIDENTIAL PARKING GARAGE
      11160 Anderson Lks Pkwyg77, Eden Prairie, MN 55344-7410
      View Details
    • Value Estimation by Request
      4.58 Acres

      11160 Anderson Lks Pkwy, Unit 100

      RESIDENTIAL PARKING GARAGE
      11160 Anderson Lks Pkwy, Eden Prairie, MN 55344-4162
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,280 SF

      Eden Prairie Corporate Headquarters Building

      Corporate headquarters building available for rent in Eden Prairie.
      6455 Flying Cloud Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      93,000 SF

      Eden Prairie Industrial Space Available

      93,000 SF industrial property in Eden Prairie, Minnesota.
      7665 Commerce Way, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      26,548 SF

      Eden Prairie Warehouse Space

      26,548 SF warehouse/industrial property in Eden Prairie, Minnesota.
      7955 Wallace Rd, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      45,580 SF

      Eden Prairie Warehouse Space Available

      Warehouse space with easy access to major routes and transit.
      6678-6698 Shady Oak Rd, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      230,128 SF

      Eden Prairie Industrial Flex Space

      220,000 SF industrial building with office and parking.
      14900 Technology Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      6,738 SF

      Eden Prairie Office/Warehouse Suites

      Office and warehouse suites available for lease in Eden Prairie.
      9947-9969 Valley View Rd, Eden Prairie, MN 55344
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      76,612 SF

      Retail Space in Eden Prairie

      Shopping center anchored by Jerry's Foods in Eden Prairie.
      9605-9645 Anderson Lk Pkwy Eden, Eden Prairie, MN 55344
      View Details
    • Contact for pricing

      Retail Space in Eden Prairie

      Retail space available for lease in Eden Prairie, Minnesota.
      12479 Plaza Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      1,020 SF

      Eden Prairie Office Building

      Three-story office building with conference space and on-site bank.
      300 Prairie Center Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing

      Eden Prairie Center Outlot Retail

      Retail space in the heart of Eden Prairie retail area.
      11611 Leona Rd, Eden Prairie, MN 55344
      View Details
    • Contact for pricing
      3,219 SF

      Retail Space in Eden Prairie

      Retail spaces available in high-traffic Eden Prairie location.
      8240-8266 Commonwealth Dr, Eden Prairie, MN 55344
      View Details
    • Contact for pricing

      Retail Location on Highway 212

      Retail space on Highway 212 and Highway 5.
      14711 Martin Dr, Eden Prairie, MN 55344
      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.
    8651 Basswood Rd, Unit G202
    Eden Prairie, MN 55344-4144
    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

    Thank You for Inquiry
    8651 Basswood Rd, Eden Prairie, MN, 55344
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!