New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Commercial land
7851 Normandale Blvd, Edina, MN 55435-5304
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US46-0012937
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1963
Total area
40,708 SF
Lot
4.03 ac (175,547 SF)
APN
06-027-24-22-0004
UPID
US46-0012937
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
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
Bloomington Crossroads Venture LLC · 4 yrs held
Bloomington Crossroads Venture LLC
since 2021
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 Edina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edina 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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
$127,744
Tax year 2023
Assessed value
$4,379,000
Assessed 2023
Previous assessed
$3,503,000
+25.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$4,379,000
Land market value
$4,379,000
Total market value
$4,379,000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1963
Heating
NONE
Stories
2
Total area
40,708 SF
Lot
4.03 ac (175,547 SF)
APN
06-027-24-22-0004
UPID
US46-0012937
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
1963
Heating
NONE
Stories
2
Lot
4.03 ac
Current owner
From public records · entity-resolved
Bloomington Crossroads Venture LLC
Entity
Mailing address
250 NICOLLET MALL STE #500, MINNEAPOLIS, MN 55401-7547
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Bloomington Crossroads Venture LLC
Housing And Redevelopment Authority
Correction Deed
related
—
Sep 21, 2018
$4,800,000
Housing & Redev Authority In
Bloomington Crossroads Venture
Grant Deed
—
Sep 19, 2017
$6,000,000
Bloomington Crossroads Venture
Maplewood Lodging LLC
Warranty Deed
—
Nov 13, 2014
—
Maplewood Lodging LLC
Lti 3000 LLC
Quit Claim Deed
related
—
Jun 26, 2014
$1,173,314
Lti 3000 LLC
Gangi Hospitality LLC
Warranty Deed
$1,491,000 · Premier Bank
Mar 23, 2012
$843,750
Gangl Hospitality LLC
Five Star Hospitality INC
Warranty Deed
—
Mar 23, 2012
$2,531,250
Gangl Hospitality LLC
Bhakta,jaykar & Jayshri
Warranty Deed
$3,740,000 · Premier Bk
Jul 25, 2006
$250,000
Jay K Bhakta
Five Star Hospitality INC
Warranty Deed
—
May 10, 2006
$4,000,000
Five Star Hospitality INC
Sib 494 Partners LLC
Warranty Deed
—
—
—
Lti 3000 LLC
—
Loan Modification
related
$2,126,685 · Premier Bk
—
—
Lti 3000 LLC|maplewood Lodging LLC
—
Loan Modification
related
$2,099,933 · Premier Bk
—
—
Maplewood Lodging LLC
—
Deed Of Trust
related
$1,538,000 · Southeastern Minnesota 504 Dev
—
—
Lti 3000 LLC|maplewood Lodging LLC
—
Loan Modification
related
$1,491,000 · Premier Bk
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?”
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