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Property profile & analytics
FOR LEASE
Commercial real estate
8331 Norman Center Dr, Bloomington, MN 55437
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0827636
For Lease
1 / 2
$23 SF/Yr
8331 Norman Center Dr, Bloomington, MN 55437
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Total area
22,119 SF
Lot
4.02 ac (175,111 SF)
APN
16-116-21-31-0019
UPID
US46-0827636
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
by Request
Owner & transaction history
Normandale Portfolio Properties LLC · 3 yrs held
Normandale Portfolio Properties LLC
since 2022
Last sale
$366.0M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,550,921
Tax year 2023
Assessed value
$51,216,000
Assessed 2023
Previous assessed
$46,127,000
+11.0% YoY
Effective rate
3.03%
On assessed value
Assessed land
$3,153,100
Assessed improvement
$48,062,900
Land market value
$3,153,100
Improvement market value
$48,062,900
Total market value
$51,216,000
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
2000
Heating
NONE
Stories
12
Total area
22,119 SF
Lot
4.02 ac (175,111 SF)
APN
16-116-21-31-0019
UPID
US46-0827636
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
2000
Heating
NONE
Stories
12
Lot
4.02 ac
Current owner
From public records · entity-resolved
Normandale Portfolio Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1140 AVE OF THE AMERICAS PH PH, NEW YORK, NY 10036-5800
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
Aug 12, 2022
—
Liberty 8000 Normandale LLC
—
Deed
related
$32,400,000 · Minnesota Bank & Trust
Jul 12, 2022
$366,000,000
Normandale Portfolio Properties LLC
Ml Al Normandale LLC
Limited Warranty Deed
—
Jul 12, 2022
—
8000 Nonnandale Properties LLC
Nonnandale Portfolio Properties LLC
Quit Claim Deed
related
—
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.
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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