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Property profile & analytics
FOR SALE
Industrial properties
10740 Lyndale Ave S, Bloomington, MN 55420
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0733875
For Sale
1 / 3
$4,800,000
10740 Lyndale Ave S, Bloomington, MN 55420
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Property summary
AI-generated overview
Corporate One, located at 10740 Lyndale Ave S, Bloomington, MN 55420, offers exceptional office and warehouse space for lease. This multi-tenant property, totaling 42,000 square feet, sits on a 3.26-acre lot and is zoned C-4. Built in 1980 and renovated in 2014, the building provides a blend of modern amenities and established infrastructure. Currently, there are 2,965 square feet of vacant space available, divisible into units as small as 1,366 square feet. The largest contiguous space available is 1,599 square feet. The property's convenient location offers easy access to Highway 35W and the 106th Street exit, with direct frontage on Lyndale Avenue South. This versatile property is ideal for businesses seeking a combination of office and warehouse space, providing a strategic location and functional layout. The property's features include modern updates from the 2014 renovation, ensuring a comfortable and efficient work environment. Inquire today to learn more about leasing opportunities at this prime Bloomington location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Total area
42,090 SF
Lot
3.24 ac (141,134 SF)
APN
21-027-24-41-0005
UPID
US46-0733875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.36M
Owner & transaction history
10740 Lyndale Ave LLC · 3 yrs held
10740 Lyndale Ave LLC
since 2022
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bloomington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,340,000
ML approach
$3,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,790,000
Current use
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.40M (Aug 30 2022)
Last sale anchor
$3.40M
Aug 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$103,924
Tax year 2023
Assessed value
$3,578,100
Assessed 2023
Previous assessed
$3,420,100
+4.6% YoY
Effective rate
2.90%
On assessed value
Assessed land
$1,129,700
Assessed improvement
$2,448,400
Land market value
$1,129,700
Improvement market value
$2,448,400
Total market value
$3,578,100
Applied tax rate
271.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1980
Heating
NONE
Stories
1
Total area
42,090 SF
Lot
3.24 ac (141,134 SF)
APN
21-027-24-41-0005
UPID
US46-0733875
Jurisdiction
HENNEPIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
10740 Lyndale Ave LLC
Entity
Mailing address
2550 UNIVERSITY AVE W STE 305S, SAINT PAUL, MN 55114-1096
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2022
$3,400,000
10740 Lyndale Ave LLC
10740 Lyndale Properties LP
Limited Warranty Deed
$2,550,000 · Royal Cu
—
—
10740 Lyndale Properties
—
Deed Of Trust
related
$200,000 · Roundbank
—
—
10740 Lyndale Properties LP
—
Deed Of Trust
related
$702,607 · Kansas City Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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