Multi-Tenant Office/Flex
10740 Lyndale Ave S Bloomington, MN 55420
For Sale
Contact for pricing
Multi-tenant office/flex property with 27 units, five drive-ins, four exterior docks, and 18' clear height.
Property Size43,080 SF
Price / SF$111.42
Days on Market115
Property Features for 10740 Lyndale Ave S
General Information
Standard status
Active
Size
43,080 SF
Property subtype
INDUSTRIAL
Listing Agency:
Commercial Equities Group, Inc
(612) 428-3333
Listed By:
Jeff Salzbrun · License #40699119
(612) 428-3333
Source:
Moodyscre
Added: Apr 6
Changed: Jul 27
Last Checked: Jul 28 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Equities Group, Inc
Investment Insights
Based on property information with market context.
10740 Lyndale Avenue South is a multi-tenant office/flex building offering 27 units. The property includes five drive-in doors sized at 8' x 10' and four exterior dock positions. Interior clear height is listed at 18'. Building signage is available, and the building has air conditioning and wheelchair accessibility.
The building is located directly off I-35W at the 106th Street exit in Bloomington.
With a mix of unit-level access via drive-ins and dock service, the configuration supports a range of light office and flex uses within a consolidated, multi-tenant layout.
The building is located directly off I-35W at the 106th Street exit in Bloomington.
With a mix of unit-level access via drive-ins and dock service, the configuration supports a range of light office and flex uses within a consolidated, multi-tenant layout.
Key Highlights
- 43,080 SF multi‑tenant office/flex building located off I‑35W at the 106th Street exit in Bloomington
- 27 units within a multi‑tenant office/flex configuration
- Warehouse features include 18' clear height
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $620.4k | $14.40 |
| − Vacancy | −$74.4k | −$1.73 |
| EGI | $545.9k | $12.67 |
| − OpEx | −$191.1k | −$4.44 |
| NOI | $354.8k | $8.24 |
43,080 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$8.12M
$7.10M – $9.47M
NOI $568,297 @ 7.0% cap · market cap 11.84%
Second Best
Office B
$7.31M
$6.39M – $8.53M
NOI $511,569 @ 7.0% cap · market cap 10.66%
Theoretical Best
Office A
$10.28M
$8.99M – $11.99M
NOI $719,459 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant office/flex property with 27 units, five drive-ins, four exterior docks, and 18' clear height.
Where is this flex space located?
The property is located at 10740 Lyndale Ave S Bloomington, MN.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 43,080 SF multi‑tenant office/flex building located off I‑35W at the 106th Street exit in Bloomington; 27 units within a multi‑tenant office/flex configuration; Warehouse features include 18' clear height
