Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    1700 W 82Nd St Bloomington, MN 55420

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Recently updated office space with excellent freeway accessibility.

    Property size:
    30,258 SF
    Lot size:
    3.35 Acres

    Property Features for 1700 W 82Nd St

    General Information

    Size
    30,258 SF
    Lot size
    3.35 Acres

    We can help!

    Listing Contact
    Brent Karkula
    Brent Karkula
    Source: Moodyscre

    Listing Agent: Brent Karkula

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Office Space in Bloomington

    This Bloomington office space offers 366,807 square feet across three buildings, with the tower reaching 14 floors. The property has been recently updated and features an Energy Star rating and LEED Silver certification. Its location provides close proximity to dining, entertainment, and shopping options. Excellent freeway accessibility is available via I-494 and I-35W. The available space is 30,258 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3013241
    Latitude
    44.8558677

    Nearby Similar for Lease

    • $18 SF/Yr
      57,329 SF

      Upscale Office Space Available

      Modern office building with flexible configurations and abundant amenities.
      6625 W 78Th St, Bloomington, MN 55439
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Village Square

      Retail space available in a busy Bloomington shopping center.
      7817-7839 Portland Ave S, Bloomington, MN 55404
      View Details
    • Contact for pricing
      1,283 SF

      Bloomington Retail Space For Lease

      Retail spaces available in a busy Bloomington shopping center.
      3800-3826 W Old Shakopee Rd, Bloomington, MN 55420
      View Details
    • $11 SF/Yr
      2,501 SF

      Bloomington Office Space For Rent

      Office space near Mall of America and light-rail transit station.
      2950 Metro Dr, Bloomington, MN 55425
      View Details
    • Contact for pricing
      2,281 SF

      Bloomington Retail Space Available

      Retail spaces for lease in a busy Bloomington shopping center.
      10603-10629 France Ave S, Bloomington, MN 55431
      View Details
    • $13 SF/Yr
      21,038 SF

      Bloomington Office Space For Rent

      Office space with convenient location and modern amenities available for rent.
      2901 Metro Dr, Bloomington, MN 55425
      View Details
    • $11 SF/Yr
      13,410 SF

      Bloomington Office Space For Rent

      Office space near Mall of America with flexible terms.
      7801 Metro Pkwy, Bloomington, MN 55425
      View Details
    • $13 SF/Yr
      3,251 SF

      Bloomington Office Space For Rent

      Office space available near I-494, Mall of America, and transit.
      3001 Metro Dr, Bloomington, MN 55425
      View Details
    • $11 SF/Yr
      3,669 SF

      Bloomington Office Space For Rent

      Office space with recent renovations, convenient location, and modern amenities.
      7850 Metro Dr, Bloomington, MN 55425
      View Details
    • Contact for pricing
      19,553 SF

      High-Visibility Single-Story Office Building

      Single-story office with signage opportunities and convenient amenities.
      6161 American Blvd W, Bloomington, MN 55438
      View Details
    • $12 SF/Yr
      18,627 SF

      Bloomington Flex Space Available

      Flexible office space ideal for various business uses.
      5735 W Old Shakopee Rd, Bloomington, MN 55420
      View Details
    • $6,595,000
      28,300 SF

      Bloomington Automotive/Retail Showroom For Rent

      High-quality automotive/retail showroom with service bays and ample parking.
      9545 S Penn Ave, Bloomington, MN 55431
      View Details

    FAQs

    What type of property is this?
    Office building - Recently updated office space with excellent freeway accessibility.
    Where is this office building located?
    The property is located at 1700 W 82Nd St Bloomington, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Excellent freeway accessibility via I-494 and I-35W; - 366,807 SF in 3 Buildings; - Recently Updated Bloomington Office Space
    (612) 327-7048
    Request Owner's contact information
    1700 W 82Nd St Bloomington, MN 55420
    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.
    1700 W 82Nd St
    Bloomington, MN 55420
    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
    1700 W 82Nd St Bloomington, MN 55420
    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

    We can help!
    Listing Contact
    Brent Karkula
    Brent Karkula
    Real Estate License ID: 20135879
    (612) 327-7048
    Learn more
    Google sign-in failed. Please try again or use another login method.