New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Industrial properties
10851 Louisiana S Ave, Bloomington, MN 55438-2656
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0564940
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
68,040 SF
Lot
5.5 ac (239,580 SF)
APN
32-116-21-34-0012
UPID
US46-0564940
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
$6.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.47M
Blend (final)
Blend
$6.35M
Owner & transaction history
10851 Louisiana LLC · 1 yrs held
10851 Louisiana LLC
since 2024
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+62.3%
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
$6,350,000
ML approach
$6,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,335,000
Current use
COMMERCIAL (GENERAL)
$10,280,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.35M (Oct 1 2024)
Last sale anchor
$6.35M
Oct 1 2024
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
$93 / 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
$238,613
Tax year 2023
Assessed value
$8,083,500
Assessed 2023
Previous assessed
$7,348,600
+10.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$1,924,600
Assessed improvement
$6,158,900
Land market value
$1,924,600
Improvement market value
$6,158,900
Total market value
$8,083,500
Applied tax rate
271.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
68,040 SF
Lot
5.5 ac (239,580 SF)
APN
32-116-21-34-0012
UPID
US46-0564940
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
$6.3M
COMMERCIAL (GENERAL)
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
2000
Heating
NONE
Stories
1
Lot
5.5 ac
Current owner
From public records · entity-resolved
10851 Louisiana LLC
Entity
Mailing address
682 N BANK LN #200, METTAWA, IL 60045-1808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
10851 Louisiana Bloomington Mn Id L
—
Deed
related
$150,000,000 · American General Life Insurance Co
Oct 1, 2024
$6,350,400
10851 Louisiana LLC
B9 Northwest Mn Owner LLC
Limited Warranty Deed
—
Mar 16, 2022
—
B9 Northwest Mn Owner LLC
—
Deed
related
$6,600,000 · Societe Generale Financial Corporation
Feb 1, 2022
$8,150,000
B9 Northwest Mn Owner LLC
West Bloom Industrial LLC
Limited Warranty Deed
—
Jul 3, 2012
—
West-bloom Industrial LLC
West Real Estate & Mgmt INC
Quit Claim Deed
related
$6,950,000 · Genworth 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10851 Louisiana S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
