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Property profile & analytics
FOR LEASE
Industrial properties
9555 James S Ave, Bloomington, MN 55431-2543
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0599220
For Lease
$11,415,000
9555 James S Ave, Bloomington, MN 55431-2543
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
114,667 SF
Lot
8.22 ac (358,063 SF)
APN
16-027-24-21-0014
UPID
US46-0599220
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
$8.85M
Blend (final)
Blend
$11.42M
Owner & transaction history
Southtech II Realty In LLC · 3 yrs held
Southtech II Realty In LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.3M
+21.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,295,000
Current use
COMMERCIAL (GENERAL)
$17,320,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$11.42M
Range $10.27M – $12.56M · ±10%
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
$100 / 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
$416,544
Tax year 2023
Assessed value
$14,123,600
Assessed 2023
Previous assessed
$10,884,300
+29.8% YoY
Effective rate
2.95%
On assessed value
Assessed land
$2,327,000
Assessed improvement
$11,796,600
Land market value
$2,327,000
Improvement market value
$11,796,600
Total market value
$14,123,600
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
1987
Heating
NONE
Stories
1
Total area
114,667 SF
Lot
8.22 ac (358,063 SF)
APN
16-027-24-21-0014
UPID
US46-0599220
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
$14.3M
COMMERCIAL (GENERAL)
Est. value
$17.3M
INDUSTRIAL (GENERAL) Current
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
1987
Heating
NONE
Stories
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
Southtech II Realty In LLC
Entity
Mailing address
1075 BROAD RIPPLE AVE #309, INDIANAPOLIS, IN 46220-2034
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
Jan 5, 2023
—
Southtech II Realty In LLC
Msp Southtech Investment LLC
Limited Warranty Deed
$8,900,000 · Nassau Life And Annuity Company
Jan 4, 2023
$8,900,000
Southtech II Realty In LLC
Msp Southtech Investment LLC
Limited Warranty Deed
$8,900,000 · Nassau Life And Annuity Company
Jul 14, 2020
$6,000,000
Msp Southtech Investment LLC
Southtech Ridge LLC
Grant Deed
related
$5,658,250 · First Busn Bk
Jul 9, 2020
$358,888
Cassandra M Clarke
Brianna L Howley
Warranty Deed
—
Apr 10, 2015
$19,200,000
Southtech Ridge LLC
James Avenue Associates LLP
Trustees Deed
$13,675,000 · Bank Of America
Apr 10, 2015
—
Southtech Ridge LLC
James Avenue Associates LLP
Trustees Deed
related
$13,675,000 · Bank Of America
—
—
Southtech Ridge LLC
—
Loan Modification
related
$18,725,000 · Bank Of America
—
—
Southtech Ridge LLC
—
Loan Modification
related
$18,725,000 · 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.
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