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    10740 Lyndale Ave S Bloomington, MN 55420
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    10740 Lyndale Ave S Bloomington, MN 55420

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    • Industrial properties
    • 42,090 SF
    • 3.24 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Office Space for Rent For Lease
    $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 55420
    View Listing
    Property ID
    US46-0733875
    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.
    Value Estimations
    $3,360,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 10740 Lyndale Ave S

    Year built
    1980
    Lot size
    3.24 lot acres
    Property size
    42,090 SF
    Property type
    Industrial properties
    APN
    21-027-24-41-0005
    APU
    2102724410005

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,340,000
      ML approach
      $3,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,060,000
      Market price range: $2.63M - $5.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,790,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2898
    Latitude
    44.8092
    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
    $103,924
    $1,129,700
    $2,448,400
    $3,578,100
    -
    $1,129,700
    $2,448,400
    $3,578,100

    Comparable in this City

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    • Value Estimation
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      205 78th St

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      205 78th St, Bloomington, MN 55420-1249
      View Details
    • Value Estimation
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      20,336 SF

      930 80th St

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      930 80th St, Bloomington, MN 55420-1322
      View Details
    • Value Estimation
      $1,500,000
      18,200 SF

      921 80th St

      INDUSTRIAL (GENERAL) • 18,200 SF
      921 80th St, Bloomington, MN 55420
      View Details
    • Value Estimation
      $920,000
      11,000 SF

      845 80th St

      INDUSTRIAL (GENERAL) • 11,000 SF
      845 80th St, Bloomington, MN 55420-1027
      View Details
    • Value Estimation
      $13,455,000
      466,280 SF

      314 90th St

      INDUSTRIAL (GENERAL) • 466,280 SF
      314 90th St, Bloomington, MN 55420-3630
      View Details

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      Commercial property available for sale on Lyndale Avenue.
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      Residential land for sale near parks, trails, shopping, and restaurants.
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      Commercial property available in Bloomington, Minnesota.
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      13,244 SF

      Restaurant Building with Ample Parking

      Former restaurant with full kitchen, bars, and banquet room.
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      20,840 SF

      Bloomington Warehouse and Distribution Space

      Warehouse and distribution property with convenient highway access and ample parking.
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      Bloomington Industrial/Flex Space Available

      Functional and versatile industrial/flex space for rent in Bloomington.
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      22,200 SF

      Bloomington Warehouse with Office Space

      22,200 SF warehouse with office, docks, and drive-in.
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      Industrial Space with Office

      4,451 SF industrial space with office component available for lease.
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      Bloomington Warehouse/Industrial Space Available

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      View Details
    View Listing
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    10740 Lyndale Ave S
    Bloomington, MN 55420
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    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.

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    10740 Lyndale Ave S, Bloomington, MN, 55420
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