Updated Flex
For Sale
Contact for pricing
9130 Grand Ave S, Bloomington, MN 55420
Flex facility featuring refreshed finishes and a reworked office area.
Property Size38,083 SF
Price / SF$91.90
Days on Market1220
Property Features for 9130 Grand Ave S
General Information
Standard status
Active
Size
38,083 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Gateway Commercial
(952) 412-0565
Listed By:
Drew Bonjean · License #40859109
(952) 412-0565
Source:
Moodyscre
Added: May 1, 2023
Changed: Aug 31
Last Checked: Aug 31 at 2:40PM
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 NAI Gateway Commercial
Investment Insights
Based on property information with market context.
This 38,083-square-foot flex space at 9130 Grand Ave S in Bloomington, Minnesota, combines industrial functionality with recently improved interior components. Work completed at the property includes updated paint, upgraded lighting, and a fully reworked office area.
The property’s flex configuration supports a range of commercial occupancy needs within a single facility. Its improvements focus on both the general interior presentation and office portion of the building, creating a more current setting for business operations.
The property’s flex configuration supports a range of commercial occupancy needs within a single facility. Its improvements focus on both the general interior presentation and office portion of the building, creating a more current setting for business operations.
Key Highlights
- 38,083‑square‑foot flex space
- Located at 9130 Grand Ave S in Bloomington, MN
- Updated interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$313,682
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,273,640
$6.3M
Cap Rate 7%
$4,481,171
$4.5M
Cap Rate 9%
$3,485,356
$3.5M
Market Conditions
NOI Build-Up for 38,083 SF
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.
Gross rent
$548.4K $14.40/SF
− Vacancy
−$65.8K −$1.73/SF
EGI
$482.6K $12.67/SF
− OpEx
−$168.9K −$4.44/SF
NOI
$313.7K $8.24/SF
Area
Hennepin County, MN
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,273,640
Cap Rate 7%
$4,481,171
Cap Rate 9%
$3,485,356
Alternative Uses
Best Use
Warehouse
$7.18M
$6.28M – $8.37M
NOI $502,378 @ 7.0% cap · market cap 14.35%
Second Best
Industrial
$5.91M
$5.17M – $6.90M
NOI $413,723 @ 7.0% cap · market cap 11.82%
Theoretical Best
Office A
$9.09M
$7.95M – $10.60M
NOI $636,007 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55420, MN
23,128
Population
9,638
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
3,452
Density / Sq Mi
$77,539
Median Household Income
$42,441
Median Earnings
$1,277
Median Rent
$306,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Twist Of Soul Catering LLC — Bloomington, MN 55431
Frequently Asked Questions
What type of property is this?
Flex space - Flex facility featuring refreshed finishes and a reworked office area.
Where is this flex space located?
The property is located at 9130 Grand Ave S Bloomington, MN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 38,083‑square‑foot flex space; Located at 9130 Grand Ave S in Bloomington, MN; Updated interior paint
