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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Industrial properties
1401 94th St, Bloomington, MN 55431-2327
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-3251706
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
113,747 SF
Lot
6.59 ac (287,060 SF)
APN
16-027-24-12-0012
UPID
US46-3251706
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
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Cranberry Ridge Housing LP · 5 yrs held
Cranberry Ridge Housing LP
since 2021
Last sale
$880,000
7 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
$940,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $880k (Mar 16 2021)
Last sale anchor
$880k
Mar 16 2021
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
$8 / 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
$263,452
Tax year 2023
Assessed value
$8,970,000
Assessed 2023
Previous assessed
$5,980,000
+50.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$2,297,900
Assessed improvement
$6,672,100
Land market value
$2,297,900
Improvement market value
$6,672,100
Total market value
$8,970,000
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
Off-Market
Year built
1961
Heating
NONE
Stories
2
Total area
113,747 SF
Lot
6.59 ac (287,060 SF)
APN
16-027-24-12-0012
UPID
US46-3251706
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
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
2
Lot
6.59 ac
Current owner
From public records · entity-resolved
Cranberry Ridge Housing LP
Entity
Mailing address
1401 W 94TH ST, BLOOMINGTON, MN 55431-2327
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
$880,000
Cranberry Ridge Housing LP
Beacon Acquisition LLC
Limited Warranty Deed
$754,000 · Wbd INC
May 30, 2019
—
Craw LLC
—
Deed
related
$915,000 · Choice Fin'l
Mar 21, 2019
—
Craw LLC
—
Deed
related
$723,000 · Choice Fin'l
Sep 30, 2011
$1,750,000
Craw LLC
Berry Plastics Corp
Grant Deed
$1,250,000 · Homefed Bank
Sep 21, 2011
—
Berry Plastics Corp
—
Deed Of Trust
related
$650,000,000 · Bank Of America
Apr 30, 2010
—
Berry Plastics Corp
—
Deed Of Trust
related
$500,000,000 · Credit Suisse Ag
Apr 6, 2010
—
Berry Plastics Corp
—
Deed Of Trust
related
$6,043,222 · Us Bank NA
Aug 5, 2008
—
Berry Plastics Corp
—
Deed Of Trust
related
$680,600,000 · Wells Fargo Bank
Mar 30, 2006
$4,339,202
Covalence Speciality Materials
Tyco Plastics
Warranty Deed
—
—
—
Berry Plastics Corp
—
Deed Of Trust
related
$6,043,222 · Us Bank NA
—
—
Craw LLC
—
Deed Of Trust
related
$4,750,000 · Protective Life Insurance Co
—
—
Craw LLC
—
Deed Of Trust
related
$4,750,000 · Protective Life Insurance Co
—
—
Craw LLC
—
Deed Of Trust
related
$578,400 · Choice Fin'l
—
—
Craw LLC
—
Deed Of Trust
related
$723,000 · Choice Fin'l
—
—
Berry Plastics Corp
—
Deed Of Trust
related
$6,043,222 · Us Bank NA
—
—
Craw LLC
—
Loan Modification
related
$732,000 · Choice Fin'l
—
—
Craw LLC
—
Loan Modification
related
$915,000 · Choice Fin'l
—
—
Craw LLC
—
Deed Of Trust
related
$1,024,000 · Spedco
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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