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Property profile & analytics
OFF-MARKET
Estimated value
$11,605,000
Industrial properties
8100 Old Cedar S Ave, Bloomington, MN 55425-1803
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0535234
Property summary
AI-generated overview
This single-story, 62,596-square-foot industrial building in Bloomington, Minnesota, offers flexible space ideal for various uses. Located at 8100 Old Cedar Ave S, 55425, the property features a brick exterior with ample glass, providing excellent natural light. The building boasts a 12-foot ceiling height, three drive-ins, and one loading dock, along with 254 parking spaces. Divisible spaces range from 8,000 to 16,989 contiguous square feet, with the entire 62,596 square feet currently vacant. Built in 1983, this 4.61-acre property is strategically located minutes from Minneapolis-St. Paul International Airport, across from the Mall of America and IKEA, offering exceptional visibility and accessibility. Building signage is available. The flexible layout is suitable for office/warehouse, classroom, call center, tech, and design firms. The property offers build-to-suit office/tech space with private entrances and open floor plans.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
63,715 SF
Lot
4.61 ac (200,812 SF)
APN
02-027-24-14-0086
UPID
US46-0535234
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
$9.30M
CAP Approach
CAP
$10.65M
Comparable Approach
Comparable
$9.46M
Blend (final)
Blend
$11.61M
Owner & transaction history
Fulton Bloomingtonmn LLC · 4 yrs held
Fulton Bloomingtonmn LLC
since 2021
Last sale
$15.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+21.5%
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
$9,300,000
CAP Approach
CAP Return
Estimation
6%
$11,535,000
6.5%
$10,650,000
7%
$9,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,625,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$11.61M
Range $10.44M – $12.77M · ±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
$182 / 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
$234,532
Tax year 2023
Assessed value
$8,027,500
Assessed 2023
Previous assessed
$6,518,200
+23.2% YoY
Effective rate
2.92%
On assessed value
Assessed land
$2,768,000
Assessed improvement
$5,259,500
Land market value
$2,768,000
Improvement market value
$5,259,500
Total market value
$8,027,500
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
Off-Market
Year built
1982
Heating
NONE
Stories
1
Total area
63,715 SF
Lot
4.61 ac (200,812 SF)
APN
02-027-24-14-0086
UPID
US46-0535234
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
$7.6M
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
1982
Heating
NONE
Stories
1
Lot
4.61 ac
Current owner
From public records · entity-resolved
Fulton Bloomingtonmn LLC
Entity
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
6 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
$11,250,000 · Citi Real Estate Funding INC
Dec 22, 2021
—
Fulton Bloomingtonmn LLC
Msp Northern Lights LLC
Limited Warranty Deed
$11,250,000 · Citi Real Estate Funding INC
Jan 11, 2018
$3,160,000
Msp Northern Lights LLC
Northern Lights Indl Group In
Trustees Deed
related
$9,900,000 · Midwestone Bk
Dec 29, 2017
$3,160,000
Msp Northern Lights LLC
Northern Lights Indl Group In
Trustees Deed
related
$9,900,000 · Midwestone Bk
Jan 11, 2008
$15,600,000
Northern Lights Indl Group In
Liberty Property
Warranty Deed
—
Jul 20, 1998
$1,827,500
Liberty Property LP
First Bloomington Partners LP
Grant 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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