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    Property profile & analytics

    5151 American W Blvd Bloomington, MN 55437-1257

    • Commercial real estate
    • 4.84 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2022
    $14,250,000
    Value Estimations
    $11,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US46-2768632
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5151 American W Blvd

    Year built
    1979
    Lot size
    4.84 lot acres
    Property type
    Commercial real estate
    APN
    06-027-24-23-0017
    APU
    602724230017

    Description

    This 17-story, 233-room La Quinta Inn & Suites in Bloomington, Minnesota, presents a compelling institutional investment opportunity. Boasting a strong NOI of $798,145, this limited-service hotel underwent a complete renovation in 2015, showcasing modern design and finishes. Strategically located near the Minneapolis-Saint Paul International Airport (MSP) and the Mall of America, it benefits from Bloomington's high Average Daily Rate (ADR). The hotel's convenient access to major transportation routes, including I-494, ensures high visibility and consistent occupancy. Amenities include an indoor pool, fitness center, over 3,200 square feet of meeting space accommodating up to 150 guests, a business center, sundry shop, guest laundry, and a breakfast area. Guest rooms feature microwaves, mini-refrigerators, coffee makers, flat-screen HDTVs, and other modern conveniences. The 4.84-acre lot includes ample parking and attractive landscaping. This property is ideally positioned to capitalize on the robust Twin Cities economy, including a strong presence of Fortune 500 companies and major medical institutions. The hotel's prime location, coupled with its extensive amenities and recent renovation, makes it an attractive investment in the thriving hospitality sector of the Minneapolis-St. Paul metropolitan area. Built in 1981, this property offers a proven track record and significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,820,000
      ML approach
      $8,145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3471
    Latitude
    44.8558
    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
    $301,288
    $3,612,300
    $6,637,700
    $10,250,000
    -
    $3,612,300
    $6,637,700
    $10,250,000

    Comparable in this City

    • Value Estimation
      $365,000
      4,276 SF

      4000 Old Shakopee Rd

      COMMERCIAL (GENERAL) • 4,276 SF
      4000 Old Shakopee Rd, Bloomington, MN 55437-2947
      View Details
    • Value Estimation
      $350,000
      5,990 SF

      4209 American W Blvd

      COMMERCIAL (GENERAL) • 5,990 SF
      4209 American W Blvd, Bloomington, MN 55437-1120
      View Details
    • Value Estimation
      $545,000
      43,293 SF

      4801 American W Blvd

      COMMERCIAL (GENERAL) • 43,293 SF
      4801 American W Blvd, Bloomington, MN 55437-1126
      View Details
    • Value Estimation
      $755,000
      153,796 SF

      5101 98th St

      COMMERCIAL (GENERAL) • 153,796 SF
      5101 98th St, Bloomington, MN 55437-2040
      View Details
    • Value Estimation by Request
      25,780 SF

      8300 Norman Ctr Dr

      COMMERCIAL (GENERAL) • 25,780 SF
      8300 Norman Ctr Dr, Bloomington, MN 55437-1027
      View Details
    • Value Estimation
      $390,000
      11,090 SF

      10740 Normandale Blvd

      COMMERCIAL (GENERAL) • 11,090 SF
      10740 Normandale Blvd, Bloomington, MN 55437-2753
      View Details

    Similar Nearby for Lease

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      Office space with highway access, natural light, and amenities.
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    • $4 SF/Yr
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      Office/Warehouse Space in Bloomington

      47,440 SF office/warehouse with ample parking and highway access.
      10800-10832 Normandale Blvd, Bloomington, MN 55437
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    • Contact for pricing
      82,000 SF

      Bloomington Warehouse Sublease Opportunity

      82,000 SF single tenant industrial building for sublease.
      10900 Nesbitt Ave S, Bloomington, MN 55437
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    • Contact for pricing
      140,400 SF

      Normandale Village Retail Space

      Bloomington retail space, multiple units available.
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      Highland Bloomington Office Suites

      Executive office space in Bloomington, MN.
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    Bloomington, MN 55437-1257
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    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
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