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    Property profile & analytics
    OFF-MARKET Estimated value $3,645,000
    Industrial properties

    10800 Normandale Blvd, Bloomington, MN 55437-3130

    47,433 SF 3.59 ac lot Built 1980
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US46-0639592
    Property summary
    AI-generated overview

    This exceptional 4,105-square-foot property, located at 10800 Normandale Boulevard in Bloomington, Minnesota, presents a unique opportunity for a single tenant. The building boasts a versatile design, seamlessly blending executive office space with ample warehouse functionality. The zoning is designated as Industrial Park (IP & I-1), ideal for a variety of businesses. The entire space is currently vacant, offering immediate occupancy. Key features include an impressive 18-foot ceiling height in the warehouse area, providing significant vertical storage capacity. The property's location in Hennepin County, with a 55437 zip code, offers convenient access to major transportation routes and amenities. This single-tenant building provides a significant amount of space for a business seeking both office and warehouse capabilities in a prime Bloomington location. The property type is classified as both Office and Industrial, making it suitable for a diverse range of operations. The total square footage is 4,105 square feet, all of which is readily available for lease. This presents a rare opportunity to secure a substantial and well-situated property in a thriving Minnesota market.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1980
    Total area 47,433 SF
    Lot 3.59 ac (156,380 SF)
    APN 33-116-21-34-0005
    UPID US46-0639592
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.35M
    Blend (final) Blend
    $3.65M
    Owner & transaction history
    1919 Ventures LLC · 11 yrs held
    1919 Ventures LLC
    since 2015
    4 recorded transactions
    2015
    $1.8M
    2011
    $1.0M
    2010
    $500
    1998
    $1.9M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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