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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Industrial properties
9124 Grand S Ave, Bloomington, MN 55420-3653
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0651666
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Total area
29,913 SF
Lot
1.85 ac (80,586 SF)
APN
10-027-24-32-0014
UPID
US46-0651666
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
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.81M
Owner & transaction history
Mnr Realty LLC · 2 yrs held
Mnr Realty LLC
since 2023
Last sale
$2.8M
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
$2,810,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,690,000
Current use
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10% · vs last sale $2.80M (Oct 20 2023)
Last sale anchor
$2.80M
Oct 20 2023
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
$94 / 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
$77,129
Tax year 2023
Assessed value
$2,666,700
Assessed 2023
Previous assessed
$2,298,900
+16.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$405,000
Assessed improvement
$2,261,700
Land market value
$405,000
Improvement market value
$2,261,700
Total market value
$2,666,700
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 Sale
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
1956
Heating
NONE
Stories
1
Total area
29,913 SF
Lot
1.85 ac (80,586 SF)
APN
10-027-24-32-0014
UPID
US46-0651666
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
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
1956
Heating
NONE
Stories
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Mnr Realty LLC
Entity
Mailing address
1725 ESTS TRL, BURNSVILLE, MN 55306-5512
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2023
$2,800,000
Mnr Realty LLC
9124 Grand LLC
Warranty Deed
$2,100,000 · Royal Cu
Mar 22, 2021
—
9124 Grand LLC
Vvrm Commercial Partners LLC
Quit Claim Deed
related
$1,830,000 · Royal Cu
Jun 23, 2020
$500
Vvrm Commercial Partners LLC
Equitron Holdings LLC
Quit Claim Deed
related
$1,725,000 · First Nat'l Bk/moose Lks
Jun 23, 2020
$1,425,000
Equitron Holdins LLC
Whg Properties LLC
Warranty Deed
—
Jan 14, 2020
—
Whg Properties LLC
—
Deed
related
$350,000 · First Bk
Jul 26, 2007
$1,600,000
Whg Properties LLC
Medallion Fasteners Corp
Warranty Deed
—
Nov 14, 2001
$949,000
Medallion Fasteners Corp
Martin Trust
Grant Deed
$1,200,000 · Minnwest Bank Central
—
—
Whg Properties LLC
—
Deed Of Trust
related
$350,000 · First 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.
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