Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    777 Us-10 Detroit Lakes, MN 56501
    Back to Search
    Property profile & analytics

    777 Us-10 Detroit Lakes, MN 56501

    View on Map
    • Hospitality properties
    • 24,442 SF
    • 3.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AmericInn by Wyndham Detroit Lakes / Hotel & Motel

    Property Details for 777 Us-10

    Year built
    1996
    Lot size
    3.90 lot acres
    Property size
    24,442 SF
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional 45-key AmericInn hotel presents a compelling value-add investment opportunity in Detroit Lakes, Minnesota. Boasting 24,442 square feet across a two-story building on a 3.9-acre lot (APN 490470000), this 1996-built property enjoys a prime location at 777 US-10, 56501. Situated in a vibrant tourist destination known for its stunning lakes, outdoor recreation, and thriving arts and culture scene, the hotel benefits from year-round appeal. Detroit Lakes' strong economy, fueled by tourism and local events like the annual WE Fest, ensures consistent traveler demand. The AmericInn features an indoor pool, hot tub, fitness center, and business services, catering to both leisure and business travelers. Currently under absentee ownership, this property offers significant potential for increased performance through enhanced management. The hotel's strong occupancy rates and revenue potential make it an attractive investment. A confidentiality agreement is required to access detailed financial information. This is a chance to acquire a well-established hotel in one of Minnesota's most desirable locations, where outdoor recreation, community spirit, and economic growth converge.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit Lakes
    County
    Becker
    State
    Minnesota
    Longitude
    -95.827
    Latitude
    46.8098

    Comparable in this City

    • Value Estimation by Request

      615 Us Highway 10

      Hotels
      615 Us Highway 10, Detroit Lakes, MN 56501
      View Details
    • Value Estimation
      $720,000
      38,723 SF

      102 Lk Dr

      HOTEL • 38,723 SF
      102 Lk Dr, Detroit Lakes, MN 56501-3916
      View Details
    • Value Estimation
      $605,000
      30,630 SF

      1175 Hwy 10th E

      HOTEL • 30,630 SF
      1175 Hwy 10th E, Detroit Lakes, MN 56501
      View Details
    • Value Estimation by Request
      1,720 SF

      624 Lk Dr

      HOTEL • 1,720 SF
      624 Lk Dr, Detroit Lakes, MN 56501-3830
      View Details
    • Value Estimation
      $1,515,000
      14,280 SF

      400 Morrow Ave

      HOTEL • 14,280 SF
      400 Morrow Ave, Detroit Lakes, MN 56501-2212
      View Details
    • Value Estimation
      $3,445,000
      24,442 SF

      777 Hwy 10th Eus

      HOTEL • 24,442 SF
      777 Hwy 10th Eus, Detroit Lakes, MN 56501-4219
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Minnesota Land Near Detroit Lakes

      40+ acres near Detroit Lakes with recreational amenities.
      13617 260Th Ave, Detroit Lakes, MN 56501
      View Details
    • Contact for pricing
      4,080 SF

      Highway Frontage Shop in Detroit

      4.38 acres with 4,000+ sq ft shop on Highway 10.
      28428 Us Highway 10, Detroit Lakes, MN 56501
      View Details
    • $875,000
      6.00 Acres

      Little Pelican Lake Shoreline Preserve

      6.29 acres with 1,150 feet of lake frontage!
      25819 Frieda Dr, Detroit Lakes, MN 56501
      View Details
    • $109,000

      Land For Sale

      Land available near Detroit Lakes, Minnesota.
      25296 S Melissa Dr, Detroit Lakes, MN 56501
      View Details
    • $775,000
      1.36 Acres

      Highway 10 Frontage Commercial Land

      Prime commercial land with high visibility on Highway 10.
      1910 E Shore Dr, Detroit Lakes, MN 56501
      View Details
    • $489,900
      4.00 Acres

      Prime Land Near Highway 10

      4-acre commercial land near Highway 10 in Detroit Lakes.
      Tbd Randolph Rd, Detroit Lakes, MN 56501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    777 Us-10
    Detroit Lakes, MN 56501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    777 Us-10, Detroit Lakes, MN, 56501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!