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    1605 35Th Ave SW Minot, ND 58701

    For Sale
    Contact for pricing

    91-room hotel near major healthcare center, great highway location.

    Property size:
    62,944 SF

    Property Features for 1605 35Th Ave SW

    General Information

    Size
    62,944 SF

    Building Details

    Year built
    2012

    Source: Jeff Azuse Agent Jeff Azuse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    91-Room LaQuinta Inn & Suites

    This 91-room LaQuinta Inn & Suites in Minot, North Dakota, presents an opportunity for investors. Constructed in 2012 at a cost exceeding $9,100,000, the property's 2017 gross room revenue reached $1,025,000, with a projected 2018 gross room revenue of $1,150,000. The hotel is located across the street from Trinity Health, a 970,000 square foot regional health care center under construction and scheduled to open in 2020. Common amenities include an indoor pool with slide and hot tub, a fitness room, a business center, a guest laundry area, and a continental breakfast area. The property benefits from a highway location on the southern end of Minot, offering close proximity to dining, shopping, entertainment, local attractions, and major businesses. The building has a size of 62944 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LaQuinta Hotel Highland Suites Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.269316
    Latitude
    48.1984251

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    FAQs

    What type of property is this?
    Hotel - 91-room hotel near major healthcare center, great highway location.
    Where is this hotel located?
    The property is located at 1605 35Th Ave SW Minot, ND.
    What are key features of this property?
    This property features: - Lender Directed Sale: Acquire a 91-room LaQuinta Inn & Suites.; - Newly Constructed: Built in 2012 at a cost exceeding $9,100,000.; - Strong Revenue: Projecting $1,150,000 in 2018.
    (847) 418-2703
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    1605 35Th Ave SW Minot, ND 58701
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    Minot, ND 58701
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    Realmo Value Estimation

    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.

    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.

    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
    1605 35Th Ave SW Minot, ND 58701
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