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Property profile & analytics
FOR LEASE
Industrial properties
4801 W 81St St, Bloomington, MN 55437
Entity Owned
4-yr Hold
Free & Clear
Property ID
US46-3134876
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For Lease
1 / 3
$13 SF/Yr
4801 W 81St St, Bloomington, MN 55437
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Total area
62,213 SF
Lot
8.13 ac (354,143 SF)
APN
06-027-24-24-0008
UPID
US46-3134876
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
$9.33M
CAP Approach
CAP
$10.40M
Comparable Approach
Comparable
$8.90M
Blend (final)
Blend
$11.46M
Owner & transaction history
Fulton Bloomingtonmn LLC · 4 yrs held
Fulton Bloomingtonmn LLC
since 2021
Last sale
$15.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.0M
+62.9%
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
by Request
ML approach
$9,325,000
CAP Approach
CAP Return
Estimation
6%
$11,265,000
6.5%
$10,400,000
7%
$9,655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,980,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$11.46M
Range $10.31M – $12.60M · ±10% · vs last sale $15.75M (Dec 22 2021)
Last sale anchor
$15.75M
Dec 22 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
$184 / 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
$219,278
Tax year 2023
Assessed value
$7,475,600
Assessed 2023
Previous assessed
$6,051,000
+23.5% YoY
Effective rate
2.93%
On assessed value
Assessed land
$3,540,000
Assessed improvement
$3,935,600
Land market value
$3,540,000
Improvement market value
$3,935,600
Total market value
$7,475,600
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 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 Lease
Year built
1983
Heating
NONE
Stories
1
Total area
62,213 SF
Lot
8.13 ac (354,143 SF)
APN
06-027-24-24-0008
UPID
US46-3134876
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
COMMERCIAL (GENERAL)
Est. value
$10.0M
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
1983
Heating
NONE
Stories
1
Lot
8.13 ac
Current owner
From public records · entity-resolved
Fulton Bloomingtonmn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3501 CONCORD RD STE #350, YORK, PA 17402-8606
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$15,750,018
Fulton Bloomingtonmn LLC
Lights LLC
Limited Warranty Deed
—
Dec 22, 2021
—
Fulton Bloomingtonmn LLC
Msp Northern Lights LLC
Limited Warranty Deed
—
Jan 9, 2018
$4,285,000
Msp Northern Lights LLC
Northern Lights Indl Group In
Grant Deed
related
—
Jan 11, 2008
$15,600,000
Northern Lights Indl Group In
Liberty Property
Warranty Deed
—
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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