2901 78th St E, Bloomington, MN
Office building featuring signage, ample parking, and updated systems.
- Added:
- Apr 16, 2024
- Days on Market:
- 790
- Last Refresh:
- May 20 at 9:01 pm
Property Features for 2901 78th St E
General Information
- Standard status
- Active
- Size
- 24,600 SF
- Lot size
- 1.83 Acres
- Property subtype
- OFFICE
Listing agent Steve Shepherd, SIOR (612) 430-9973
Listing office Newmark (612) 430-9973
Listing date Apr 16, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Newmark
HighLights
- Prominent signage along I‑494 for high visibility.
- Ample on‑site parking and executive garage.
- Dock and drive‑in access for convenient loading/unloading.
- Multiple kitchen/break areas for employee convenience.
- HVAC system with multiple units replaced in 2015, 2020, and 2023.
- Cubicles include cube walls, sit/stand desks, wardrobes, and rolling file cabinets.
Overview
Local Financial Insights For Office B
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 | $540.2k | $21.96 |
| − Vacancy | −$150.7k | −$6.13 |
| EGI | $389.5k | $15.83 |
| − OpEx | −$97.4k | −$3.96 |
| NOI | $292.1k | $11.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2313
- Latitude
- 44.8614
