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Property profile & analytics
FOR LEASE
Industrial properties
9201 Penn Ave S, Bloomington, MN 55431
Entity Owned
3-yr Hold
Free & Clear
Property ID
US46-0504643
For Lease
1 / 2
$9,250,000
9201 Penn Ave S, Bloomington, MN 55431
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
170,924 SF
Lot
8.74 ac (380,714 SF)
APN
09-027-24-33-0007
UPID
US46-0504643
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
$8.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.92M
Blend (final)
Blend
$9.25M
Owner & transaction history
Tci Ll LLC · 3 yrs held
Tci Ll LLC
since 2022
Last sale
$10.1M
4 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
$9,930,000
ML approach
$8,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.25M
Range $8.33M – $10.18M · ±10% · vs last sale $10.11M (Nov 7 2022)
Last sale anchor
$10.11M
Nov 7 2022
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
$54 / 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
$371,684
Tax year 2023
Assessed value
$12,631,500
Assessed 2023
Previous assessed
$10,105,200
+25.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$3,039,600
Assessed improvement
$9,591,900
Land market value
$3,039,600
Improvement market value
$9,591,900
Total market value
$12,631,500
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 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
For Lease
Year built
1974
Heating
NONE
Stories
1
Total area
170,924 SF
Lot
8.74 ac (380,714 SF)
APN
09-027-24-33-0007
UPID
US46-0504643
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
1974
Heating
NONE
Stories
1
Lot
8.74 ac
Current owner
From public records · entity-resolved
Tci Ll LLC
Entity
Free & Clear · 3 yrs held
Mailing address
280 PARK AVE FL, NEW YORK, NY 10017-1274
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$10,107,000
Tci Ll LLC
Ax Tc Industrial II LP
Limited Warranty Deed
—
Apr 1, 2011
$9,400,000
Tc Industrial Ax II
Amb Property LP
Grant Deed
$49,560,000 · Bank Of America
Apr 23, 1999
$7,384,000
Amb Property LP
Apt Penn James INC
Grant Deed
—
—
—
Tc Industrial Ax II
—
Loan Modification
related
$3,721,900 · Bank Of America
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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