Flex Space with Dock
New
For Sale
Contact for pricing
1801 American Blvd E, Bloomington, MN 55425
Flex property offers natural light plus dock and drive-in loading.
Property Size65,484 SF
Price / SF$141.26
Days on Market5
Property Features for 1801 American Blvd E
General Information
Standard status
Active
Size
65,484 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers
(952) 374-5811
Listed By:
Joseph Owen
(952) 221-5360
Source:
Moodyscre
Added: Aug 15
Changed: Aug 18
Last Checked: Aug 19 at 11:22AM
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 Colliers
Investment Insights
Based on property information with market context.
This 65,484-square-foot flex space supports an owner-user strategy with tenant income already associated with the property. Its glass-line design provides natural light, while multiple dock and drive-in doors support varied loading requirements. The property also includes significant parking and has potential for office, technology, manufacturing, and medical applications.
Located at 1801 American Blvd E in Bloomington, Minnesota, the property is minutes from MSP Airport and provides access to MN-77 and I-494. The Mall of America and other amenities are nearby, adding convenient regional access for users and visitors.
Located at 1801 American Blvd E in Bloomington, Minnesota, the property is minutes from MSP Airport and provides access to MN-77 and I-494. The Mall of America and other amenities are nearby, adding convenient regional access for users and visitors.
Key Highlights
- 65,484‑square‑foot flex space with owner‑user potential and tenant income
- Multiple dock and drive‑in doors support loading flexibility
- Glass‑line design provides natural light
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
$711,400
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
7.69%
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%
$14,228,000
$14.2M
Cap Rate 7%
$10,162,857
$10.2M
Cap Rate 9%
$7,904,444
$7.9M
Market Conditions
NOI Build-Up for 65,484 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
$1.06M $16.20/SF
− Vacancy
−$44.6K −$0.68/SF
EGI
$1.02M $15.52/SF
− OpEx
−$304.9K −$4.66/SF
NOI
$711.4K $10.86/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$14,228,000
Cap Rate 7%
$10,162,857
Cap Rate 9%
$7,904,444
Alternative Uses
Best Use
Warehouse
$12.34M
$10.80M – $14.40M
NOI $863,843 @ 7.0% cap · market cap 9.34%
Second Best
Industrial
$10.16M
$8.89M – $11.86M
NOI $711,400 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$15.62M
$13.67M – $18.23M
NOI $1,093,618 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,663
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55425, MN
10,281
Population
4,671
Households
2.2
Avg Household Size
37
Median Age
33%
College-Educated
90%
High-School Grad
4.5 sq mi
ZIP Area
2,285
Density / Sq Mi
$68,517
Median Household Income
$41,509
Median Earnings
$1,537
Median Rent
$312,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property offers natural light plus dock and drive-in loading.
Where is this flex space located?
The property is located at 1801 American Blvd E Bloomington, MN.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 65,484‑square‑foot flex space with owner‑user potential and tenant income; Multiple dock and drive‑in doors support loading flexibility; Glass‑line design provides natural light
