Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8400 Normandale Lake Blvd, Unit 920 Bloomington, MN 55437
    Back to Search
    Property profile & analytics

    8400 Normandale Lake Blvd, Unit 920 Bloomington, MN 55437

    View on Map
    • Commercial land
    • 0.25 lot acres
    For Lease
    $129-$3,411/Mo
    View Listing →
    Normandale Lake For Lease
    $129-$3,411/Mo

    Normandale Lake

    Discover many ways to work your way in Normandale Lake

    8400 Normandale Lake Blvd, Unit 920, Bloomington, MN 55437
    View Listing
    Property ID
    US46-0640600
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 8400 Normandale Lake Blvd

    Lot size
    0.25 lot acres
    Property type
    Commercial land
    APN
    16-116-21-31-0006
    APU
    1611621310006

    Description

    This Class A office building, located at 8400 Normandale Lake Boulevard, Suite 920, Bloomington, MN 55437, offers a diverse range of workspace solutions. The 22,795 square foot building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. The property, situated in Hennepin County, underwent renovations in 2019 and boasts convenient amenities including elevators. The building caters to various business needs, encompassing executive office suites, coworking spaces, and creative office layouts, suitable for professional and traditional office settings. Enjoy stunning lakeside views and a prime location within a major South Minneapolis business hub. The building's convenient location offers easy access to numerous coffee shops and a variety of restaurants for dining options. Large meeting rooms are available, capable of accommodating up to 100 people, perfect for hosting events and client meetings. This is an exceptional opportunity to establish your business in a prestigious and well-equipped office environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3506
    Latitude
    44.8514
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.48 Acres

      5901 American W Blvd

      VACANT COMMERCIAL LAND • 6.48 Acres
      5901 American W Blvd, Bloomington, MN 55437-1275
      View Details
    • Value Estimation by Request
      42.78 Acres

      4700 90th St

      VACANT COMMERCIAL LAND • 42.78 Acres
      4700 90th St, Bloomington, MN 55437
      View Details
    • Value Estimation by Request
      11.18 Acres

      11900 Oxborough S Ave

      VACANT COMMERCIAL LAND • 11.18 Acres
      11900 Oxborough S Ave, Bloomington, MN 55437
      View Details
    • Value Estimation by Request
      5.97 Acres

      9701 Oxborough Rd

      VACANT COMMERCIAL LAND • 5.97 Acres
      9701 Oxborough Rd, Bloomington, MN 55437
      View Details
    • Value Estimation by Request
      19.78 Acres

      8801 Toledo Rd

      VACANT COMMERCIAL LAND • 19.78 Acres
      8801 Toledo Rd, Bloomington, MN 55437
      View Details
    • Value Estimation by Request
      10.17 Acres

      4801 Kingsdale Dr

      VACANT COMMERCIAL LAND • 10.17 Acres
      4801 Kingsdale Dr, Bloomington, MN 55437
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Full-Floor Office Sublease Available

      Sublease through 2031 with furniture, collaborative spaces, and private offices.
      8500 Normandale Lake Blvd, Bloomington, MN 55437
      View Details
    • Contact for pricing
      1,380 SF

      Office Space Near Normandale Lake

      Office space with natural light and lake views available for rent.
      5270 W 84Th St, Bloomington, MN 55437
      View Details
    • Contact for pricing
      8,383 SF

      Bloomington Flex Space Available

      Flexible office space with high ceilings and loading docks.
      5775 W Old Shakopee Rd, Bloomington, MN 55437
      View Details
    • Contact for pricing

      Highland Bloomington Office Space Available

      High-quality office building with retail and parkland nearby.
      5270 W 84Th St, Bloomington, MN 55437
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      8400 Normandale Lake Blvd, Minneapolis, MN 55437
      View Details
    • Contact for pricing
      677 SF

      Office/Warehouse Space in Bloomington

      47,440 SF office/warehouse with ample parking and highway access.
      10800-10832 Normandale Blvd, Bloomington, MN 55437
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8400 Normandale Lake Blvd, Unit 920
    Bloomington, MN 55437
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8400 Normandale Lake Blvd, Bloomington, MN, 55437
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!