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Property profile & analytics
FOR LEASE
Commercial real estate
5800 W 84Th St, Bloomington, MN 55437
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US46-1084975
For Lease
1 / 3
$23 SF/Yr
5800 W 84Th St, Bloomington, MN 55437
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
22,654 SF
Lot
5.22 ac (227,383 SF)
APN
16-116-21-32-0008
UPID
US46-1084975
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
$3.94M
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$4.09M
Owner & transaction history
Noriviandale Realty LLC
Noriviandale Realty LLC
since 2025
Last sale
$4.0M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,260,000
6.5%
$3,935,000
7%
$3,655,000
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $4.00M (Jun 19 2025)
Last sale anchor
$4.00M
Jun 19 2025
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
$180 / 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
$2,730,760
Tax year 2023
Assessed value
$89,926,000
Assessed 2023
Previous assessed
$83,827,000
+7.3% YoY
Effective rate
3.04%
On assessed value
Assessed land
$4,096,500
Assessed improvement
$85,829,500
Land market value
$4,096,500
Improvement market value
$85,829,500
Total market value
$89,926,000
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 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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1986
Heating
NONE
Stories
23
Total area
22,654 SF
Lot
5.22 ac (227,383 SF)
APN
16-116-21-32-0008
UPID
US46-1084975
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
1986
Heating
NONE
Stories
23
Lot
5.22 ac
Current owner
From public records · entity-resolved
Noriviandale Realty LLC
Entity
Mailing address
1140 AVE OF THE AMERICAS PH PH, NEW YORK, NY 10036-5800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$4,000,000
Noriviandale Realty LLC
Cpif Bloomington LLC
Deed
—
Aug 4, 2022
—
Cpif Mra LLC
Liberty 8500 Normandale LLC
Lease
$65,000,000 · Cpif Mra LLC
Jul 26, 2022
—
8500 Normandale Properties LLC
Normandale Portfolio Properties LLC
Quit Claim Deed
related
—
Jul 12, 2022
$366,000,000
Normandale Portfolio Properties LLC
Ml Al Normandale LLC
Limited Warranty Deed
—
Nov 10, 2014
—
Ml-ai Normandale LLC
—
Loan Modification
related
$203,500,000 · Miscellaneous Ins Co
Nov 10, 2014
$192,904,685
Ml-ai Normandale LLC
Normandale Holdings LLC
Grant Deed
related
—
Aug 31, 2012
$208,711,452
Normandale Holdings LLC
Teachers Ins & Annuity Assn Of Am
Grant Deed
related
—
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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