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Property profile & analytics
FOR LEASE
Industrial properties
5501 West Old Shakopee Rd, Bloomington, MN 55437
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-3178842
For Lease
$33,785,000
5501 West Old Shakopee Rd, Bloomington, MN 55437
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1965
Total area
436,995 SF
Lot
22.36 ac (974,002 SF)
APN
33-116-21-34-0009
UPID
US46-3178842
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
$30.59M
Blend (final)
Blend
$33.79M
Owner & transaction history
Mnjv Bdc LLC · 4 yrs held
Mnjv Bdc LLC
since 2022
Last sale
$35.1M
6 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
$34,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$40,675,000
Current use
Blend value · Realmo final
$33.79M
Range $30.41M – $37.16M · ±10% · vs last sale $35.06M (Apr 18 2022)
Last sale anchor
$35.06M
Apr 18 2022
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
$77 / 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
$787,457
Tax year 2023
Assessed value
$26,734,100
Assessed 2023
Previous assessed
$17,822,700
+50.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$7,801,400
Assessed improvement
$18,932,700
Land market value
$7,801,400
Improvement market value
$18,932,700
Total market value
$26,734,100
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
1965
Heating
OTHER
Stories
1
Total area
436,995 SF
Lot
22.36 ac (974,002 SF)
APN
33-116-21-34-0009
UPID
US46-3178842
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
$40.7M
INDUSTRIAL (GENERAL) Current
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
1965
Heating
OTHER
Stories
1
Lot
22.36 ac
Current owner
From public records · entity-resolved
Mnjv Bdc LLC
Entity
Mailing address
5050 LINCOLN DR STE #420, EDINA, MN 55436-1168
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Mnjv Bdc LLC
—
Deed
related
$115,385,000 · Truist Bank
Oct 19, 2022
—
Mnjv Bdc LLC
—
Deed
related
$115,385,000 · Truist Bank
Apr 21, 2022
—
Mnjv Bdc LLC
Oivf II Bdc LLC
Re-recorded Document
related
$202,710,000 · Truist Bank
Apr 18, 2022
$35,060,000
Mnjv Bdc LLC
Oivf II Bdc LLC
Limited Warranty Deed
$202,710,000 · Truist Bank
Mar 7, 2008
$13,710,000
Target Corp
World Wide Spe LLC
Warranty Deed
—
Jul 8, 1999
—
World Wide Spe LLC
Lyndale Terminal Co
Grant Deed
$10,140,000 · Principal Commercial Funding
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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