Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bloomington Warehouse with Income Potential Title is generated by Realmo AI

    9437 Garfield Ave S, Bloomington, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse in Bloomington, MN, suitable for owner-user with income.

    Type:INDUSTRIAL
    Property size:
    9,430 SF
    Lot size:
    0.59 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 8:26 pm

    Property Features for 9437 Garfield Ave S

    General Information

    Standard status
    Active
    Size
    9,430 SF
    Lot size
    0.59 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Tom Bennett

    Listing agent Tom Hayhoe

    Listing office CBRE - Minnesota

    Listing date Nov 24, 2025

    Source Moodyscre

    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 CBRE - Minnesota

    HighLights

    • Owner user building with income potential.
    • Seller occupies 5,000 SF.
    • 5,000 SF available upon closing.

    Overview

    This property is a warehouse building suitable for an owner-user, offering the potential for income generation. The seller currently occupies approximately 5,000 square feet, which will be available upon closing. The building has a total size of 9,430 square feet and is located in Bloomington, MN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Iron Mountain — 9450 W Bloomington Fwy, Bloomington, MN 55431
    • CubeSmart Self Storage — 1240 W 98th St, Bloomington, MN 55431

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2866
    Latitude
    44.8323

    Nearby Similar for Lease

    • Sponsored
      $129-$4,276/Mo
      11-1,292 SF

      MN, Bloomington - 4470 W 78th Street Cir

      4470 78Th Street Cir, Unit 250, Bloomington, MN 55435
      View Details
    • Sponsored
      $129-$3,411/Mo
      11-1,292 SF

      Normandale Lake

      8400 Normandale Lake Blvd, Unit 920, Bloomington, MN 55437
      View Details
    • $14 SF/Yr
      4,844 SF

      Office Space with Fitness Center

      Office space available with planned amenity upgrades and ample parking.
      2001 Killebrew Dr, Bloomington, MN
      View Details
    • $13 SF/Yr
      3,251 SF

      Bloomington Office Space For Rent

      Office space available near I-494, Mall of America, and transit.
      3001 Metro Dr, Bloomington, MN
      View Details
    • $21 SF/Yr
      13,132 SF

      Bloomington Office Space For Rent

      Office space in Bloomington with recent renovations and highway access.
      3600 American Blvd W, Bloomington, MN
      View Details
    • $16 SF/Yr
      536 SF

      Serviced Office Near MSP Airport

      Serviced office space for rent near MSP airport and retail.
      10800 Lyndale Ave S, Bloomington, MN
      View Details
    • $16 SF/Yr
      3,102 SF

      Office Space for Rent

      Office space featuring reception, private offices, conference room, and kitchen.
      10740 Lyndale Ave S, Bloomington, MN
      View Details
    • $14 SF/Yr
      75,526 SF

      Modern Office Space For Lease

      75,526 SF renovated office space with ample parking.
      7831 Glenroy Road, Bloomington, MN 55439
      View Details
    • $13 SF/Yr
      743 SF

      Mall of America Office Space

      Office space near Mall of America with amenities and access.
      2626 E 82nd St, Bloomington, MN
      View Details
    • $13 SF/Yr
      21,038 SF

      Bloomington Office Space For Rent

      Office space with convenient location and modern amenities available for rent.
      2901 Metro Dr, Bloomington, MN
      View Details
    • Contact for pricing

      Retail Space in Bloomington Shoppes

      Retail space available in a high-traffic Bloomington shopping center.
      8501-8599 Lyndale Ave. S. | Bloomington, MN 55420
      View Details
    • $13 SF/Yr
      64,170 SF

      Bloomington Office Space Available

      64,170 sqft office space for lease in Bloomington.
      7901 Xerxes Avenue South, Bloomington, MN, 55431
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse in Bloomington, MN, suitable for owner-user with income.
    Where is this warehouse located?
    The property is located at 9437 Garfield Ave S Bloomington, MN.
    What are key features of this property?
    This property features: Owner user building with income potential.; Seller occupies 5,000 SF.; **5,000 SF available upon closing**.
    (952) 924-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Bennett
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9437 Garfield Ave S, Bloomington, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!