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Property profile & analytics
FOR SALE
Hotels
1 River Bend Pl, Chaska, MN 55318
Entity Owned
5-yr Hold
Free & Clear
Property ID
US46-0498218
For Sale
1 / 19
$5,750,000
1 River Bend Pl, Chaska, MN 55318
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Total area
11,520 SF
Lot
1.23 ac (53,579 SF)
APN
30-5550010
UPID
US46-0498218
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
Current use
Occupant on record · Public records
-
Townsquare Place Hotel & Motel
-
WW (Weight Watchers) Wellness Program Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
Chaska Lodging Management LLC · 5 yrs held
Chaska Lodging Management LLC
since 2020
Last sale
$3.4M
7 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 Chaska submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chaska 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
$3,665,000
ML approach
$3,630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.40M (Oct 9 2020)
Last sale anchor
$3.40M
Oct 9 2020
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
$306 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$74,910
Tax year 2024
Assessed value
$2,955,700
Assessed 2024
Previous assessed
$2,544,100
+16.2% YoY
Effective rate
2.53%
On assessed value
Assessed land
$482,200
Assessed improvement
$2,473,500
Land market value
$482,200
Improvement market value
$2,473,500
Total market value
$2,955,700
Applied tax rate
112.0000
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1996
Heating
STEAM
Cooling
REFRIGERATOR
Buildings
4
Stories
3
Total area
11,520 SF
Lot
1.23 ac (53,579 SF)
APN
30-5550010
UPID
US46-0498218
Jurisdiction
CARVER
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
1996
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
4
Lot
1.23 ac
Current owner
From public records · entity-resolved
Chaska Lodging Management LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3909 25TH AVE S, MINNEAPOLIS, MN 55406-3011
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
—
Chaska Lodgning Management LLC
—
Deed
related
$300,000 · Kensington Bank
Jun 14, 2022
—
Chaska Lodging Management LLC
—
Deed
related
$300,000 · Kensington Bank
May 9, 2022
—
Chaska Lodging Management LLC
—
Deed
related
$2,000,000 · Kensington Bank
Oct 9, 2020
$500
Chaska Lodging Management LLC
Ascent Equity LLC
Quit Claim Deed
related
—
Apr 30, 2020
$3,400,000
Chaska Lodging Management LLC
Maplewood Lodging LLC
Warranty Deed
$3,264,000 · Bankvista
Mar 2, 2018
—
Maplewood Lodging LLC
Lte 4500 LLC
Quit Claim Deed
related
—
Jul 6, 2017
$2,000,152
Lte 4500 LLC
Minneapolis Property LLC
Quit Claim Deed
related
$2,060,000 · Highland Bk
Dec 9, 2016
$1,893,576
Security Bk & Trust Co
Sheriff Of Carver County|shreejee Investment LLC
Trustees Deed
related
—
Jan 29, 2013
$442,909
Wayzata-chaska Hospitality Ass
Shreejee Investment LLC
Warranty Deed
—
Jan 16, 2008
$3,500,000
Shreejee Investment LLC
Chaska Hospitality Holding Co
Warranty Deed
—
—
—
Shreejee Investment LLC
—
Deed Of Trust
related
$2,000,000 · Security Bank Waconia
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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