Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    9030 Lyndale Ave Bloomington, MN 55420

    • Commercial real estate
    • 21,116 SF
    • 2.25 lot acres
    For Sale
    View listing
    $16
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-0958165
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9030 Lyndale Ave

    Year built
    1968
    Lot size
    2.25 lot acres
    Property size
    21,116 SF
    Property type
    Commercial real estate
    APN
    09-027-24-41-0071
    APU
    902724410071

    Description

    This exceptional commercial property, located at 9030 Lyndale Avenue S in Bloomington, Minnesota, presents a significant investment opportunity. Boasting a substantial 56,848 square feet of space, this general commercial building sits on a generous 2.25-acre lot, offering ample room for expansion or outdoor activities. The asking price is $16 million. The property's size and location make it ideal for a variety of commercial uses, providing significant potential for growth and return on investment. Further details regarding the building's layout, current occupancy status, and zoning regulations are available upon request. Interested parties are encouraged to contact the listing agent to schedule a viewing and obtain comprehensive information regarding this remarkable property. The property's address is easily accessible and situated in a thriving commercial area of Bloomington, offering excellent visibility and convenient access to major transportation routes. This presents a rare chance to acquire a substantial commercial property in a highly desirable location. The expansive lot size provides flexibility for future development or expansion, catering to a wide range of business needs. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $916,000
      Market price range: $651k - $2.67M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2893
    Latitude
    44.8392
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $64,791
    $1,371,000
    $878,300
    $2,249,300
    -
    $1,371,000
    $878,300
    $2,249,300

    Comparable in this City

    • Value Estimation by Request
      7,194 SF

      9012-9072 Lyndale Ave

      Office Properties & Spaces • 7,194 SF
      9012-9072 Lyndale Ave, Bloomington, MN 55420
      View Details
    • Value Estimation
      $230,000
      0.01 Acres

      299 86th St

      COMMERCIAL (GENERAL) • 0.01 Acres
      299 86th St, Bloomington, MN 55420
      View Details
    • Value Estimation
      $350,000
      3,513 SF

      9230 Lyndale S Ave

      COMMERCIAL (GENERAL) • 3,513 SF
      9230 Lyndale S Ave, Bloomington, MN 55420-3511
      View Details
    • Value Estimation
      $295,000
      18,259 SF

      7800 2nd S Ave

      COMMERCIAL (GENERAL) • 18,259 SF
      7800 2nd S Ave, Bloomington, MN 55420-1206
      View Details
    • Value Estimation
      $350,000
      7,480 SF

      8431 Lyndale S Ave

      COMMERCIAL (GENERAL) • 7,480 SF
      8431 Lyndale S Ave, Bloomington, MN 55420-2235
      View Details
    • Value Estimation
      $920,000
      138,263 SF

      200 American W Blvd

      COMMERCIAL (GENERAL) • 138,263 SF
      200 American W Blvd, Bloomington, MN 55420-1120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,848 SF

      Bloomington Commercial Building For Sale

      Large commercial space, prime location.
      9030 Lyndale Ave, Bloomington, MN 55420
      View Details
    • $1,450,000
      9,430 SF

      Bloomington Warehouse with Income Potential

      Warehouse in Bloomington, MN, suitable for owner-user with income.
      9437 Garfield Ave S, Bloomington, MN 55420
      View Details
    • Contact for pricing

      Commercial Land Near Mall of America

      57.70 acres of commercial land adjacent to Mall of America.
      2701-2901 E Old Shakopee Rd, Bloomington, MN 55420
      View Details
    • $6,428,500
      42,855 SF

      Bloomington Industrial Property For Sale

      Industrial property in Bloomington, MN, suitable for sale or lease.
      801 W 106Th St, Bloomington, MN 55420
      View Details
    • New
      $110,000
      0.28 Acres

      Residential Land Near Lake Magda

      Residential land for sale near parks, trails, shopping, and restaurants.
      016 63 Ave N, Brooklyn Park, MN 55420
      View Details
    • $3,500,000
      13,244 SF

      Restaurant Building with Ample Parking

      Former restaurant with full kitchen, bars, and banquet room.
      9329 Lyndale Ave S, Bloomington, MN 55420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,000 SF

      Bloomington Retail Space Available

      Prime location, high traffic, flexible suites
      9801 Lyndale Ave, Bloomington, MN 55420
      View Details
    • Contact for pricing
      12,793 SF

      Bloomington Warehouse and Service Space

      Available warehouse and service space in Bloomington, totaling 12,793 SF.
      2000 96Th St W, Bloomington, MN 55420
      View Details
    • Contact for pricing
      19,149 SF

      Office Warehouse Facility For Rent

      Infill office warehouse with flexible space and convenient access.
      300-400 86Th St W, Bloomington, MN 55420
      View Details
    • $18 SF/Yr
      800 SF

      Bloomington Office Space For Rent

      Office space available for lease in Bloomington, Minnesota.
      1120 E 80Th St, Bloomington, MN 55420
      View Details
    • $9 SF/Yr
      6,148 SF

      Updated Office/Warehouse Space Available

      40,164 square feet office/warehouse space for lease.
      9051-9069 Lyndale Ave S, Bloomington, MN 55420
      View Details
    • Contact for pricing
      4,083 SF

      Bloomington Warehouse with Dock Loading

      4,083 SF warehouse featuring dock and drive-in loading.
      9250 Grand Ave S, Bloomington, MN 55420
      View Details
    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.
    9030 Lyndale Ave
    Bloomington, MN 55420
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.