Turnkey Office Suite with Private
For Sale
Contact for pricing
8053 E Bloomington Fwy, Bloomington, MN 55420
Turnkey office space offering private offices, reception, and a flexible work area with strong natural light.
Property Size1,367 SF
Price / SF$208.49
Days on Market247
Property Features for 8053 E Bloomington Fwy
General Information
Standard status
Active
Size
1,367 SF
Property subtype
OFFICE
Listing Agency:
Kenwood Commercial
(952) 212-0757
Listed By:
Mike Doyle
(612) 242-8820
Source:
Moodyscre
Added: Jan 8
Changed: Aug 16
Last Checked: Sep 12 at 10:35AM
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
This turnkey office suite features a functional layout designed for professional use, including private offices, a reception area, and a flexible work area. The space is noted for strong natural light.
The property is located in Bloomington at the intersection of I-494 and Penn Ave South, within a commercial setting with nearby retail and hospitality and proximity to MSP International Airport.
For practical day-to-day operations, the suite’s mix of private offices and reception supports client-facing workflows while maintaining flexibility for additional work areas.
The property is located in Bloomington at the intersection of I-494 and Penn Ave South, within a commercial setting with nearby retail and hospitality and proximity to MSP International Airport.
For practical day-to-day operations, the suite’s mix of private offices and reception supports client-facing workflows while maintaining flexibility for additional work areas.
Key Highlights
- Turnkey professional office space with private offices, reception, and a flexible work area
- Efficient layout includes private offices, reception, and flexible work space
- Strong natural light throughout the professional space
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
$16,233
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
5.70%
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%
$324,660
$324.7K
Cap Rate 7%
$231,900
$231.9K
Cap Rate 9%
$180,367
$180.4K
Market Conditions
NOI Build-Up for 1,367 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
$30.0K $21.96/SF
− Vacancy
−$8.4K −$6.13/SF
EGI
$21.6K $15.83/SF
− OpEx
−$5.4K −$3.96/SF
NOI
$16.2K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$324,660
Cap Rate 7%
$231,900
Cap Rate 9%
$180,367
Alternative Uses
Best Use
Office B
$231.9K
$202.9K – $270.6K
NOI $16,233 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office space offering private offices, reception, and a flexible work area with strong natural light.
Where is this office units located?
The property is located at 8053 E Bloomington Fwy Bloomington, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Turnkey professional office space with private offices, reception, and a flexible work area; Efficient layout includes private offices, reception, and flexible work space; Strong natural light throughout the professional space
