Flex Building with Fenced
For Sale
Contact for pricing
9240-9270 Bryant Ave S, Bloomington, MN 55420
Owner-user flex property combining substantial warehouse space with dedicated office areas and permitted outdoor storage.
Property Size30,000 SF
Lot Size2.47 Acres
Price / SF$130
Days on Market208
Property Features for 9240-9270 Bryant Ave S
General Information
Standard status
Active
Size
30,000 SF
Lot size
2.47 Acres
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14.6 ft
Warehouse Space
20,000 SF
Office Build-Out
10,000 SF
Dock-High Doors
2
Drive-In Doors
5
Building Details
Building Size
30,000 SF
Listing Agency:
TaTonka Real Estate Advisors
(612) 466-7307
Listed By:
Ron Moss
(612) 466-7307
Source:
Moodyscre
Added: Feb 3
Changed: Aug 29
Last Checked: Aug 29 at 2:04PM
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 TaTonka Real Estate Advisors
Investment Insights
Based on property information with market context.
This flex property at 9240-9270 Bryant Ave S contains 30,000 SF on 2.47 acres, with approximately one-third of the building configured as office space and two-thirds as warehouse area. The property includes two loading docks, five drive-in doors, and clear heights ranging from 9’ to 14.6’. A new roof was completed in 2025, while the parking lot and mechanical systems are newer. Fenced outdoor storage is permitted, adding functional yard capacity to the building improvements.
The Bloomington property is scheduled to become available 7/1/2026. Its combination of office, warehouse, loading, and permitted storage areas supports owner-user operations requiring both indoor work areas and secured exterior space.
The Bloomington property is scheduled to become available 7/1/2026. Its combination of office, warehouse, loading, and permitted storage areas supports owner-user operations requiring both indoor work areas and secured exterior space.
Key Highlights
- 30,000 SF flex building situated on 2.47 acres
- One‑third office and two‑thirds warehouse configuration
- Fenced outdoor storage is permitted
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
$356,246
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
9.13%
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%
$7,124,920
$7.1M
Cap Rate 7%
$5,089,229
$5.1M
Cap Rate 9%
$3,958,289
$4.0M
Market Conditions
NOI Build-Up for 30,000 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
$658.8K $21.96/SF
− Vacancy
−$183.8K −$6.13/SF
EGI
$475.0K $15.83/SF
− OpEx
−$118.7K −$3.96/SF
NOI
$356.2K $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%
$7,124,920
Cap Rate 7%
$5,089,229
Cap Rate 9%
$3,958,289
Alternative Uses
Best Use
Warehouse
$5.65M
$4.95M – $6.60M
NOI $395,750 @ 7.0% cap · market cap 10.15%
Second Best
Office B
$5.09M
$4.45M – $5.94M
NOI $356,246 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $501,016 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
5
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
817
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Owner-user flex property combining substantial warehouse space with dedicated office areas and permitted outdoor storage.
Where is this flex space located?
The property is located at 9240-9270 Bryant Ave S Bloomington, MN.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 30,000 SF flex building situated on 2.47 acres; One‑third office and two‑thirds warehouse configuration; Fenced outdoor storage is permitted
