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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Motels
11274 210th W St Lakeville, MN 55044-6000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-0889015
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Construction
CONCRETE
Total area
32,743 SF
Lot
2.43 ac (105,851 SF)
Zoning code
R
APN
22-47900-01-023
UPID
US46-0889015
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
-
Motel 6 Lakeville Hotel & Motel
-
Motel 6 Lakeville, MN - South - Lakeville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Lakeville Hospitality Group LLC · 4 yrs held
Lakeville Hospitality Group LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
R · Lakeville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+442.4%
Office building
$2.7M
+391.6%
Auto repair, garage
$1.7M
+204.8%
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 Lakeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeville 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
$2,475,000
ML approach
$2,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,990,000
Change: +442% · Conversion: Difficult
OFFICE BUILDING
$2,710,000
Change: +392% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,680,000
Change: +205% · Conversion: Difficult
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±10% · vs last sale $2.80M (Apr 11 2022)
Last sale anchor
$2.80M
Apr 11 2022
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
$79 / 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
$43,274
Tax year 2023
Assessed value
$1,543,600
Assessed 2022
Previous assessed
$1,543,600
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$730,600
Assessed improvement
$813,000
Land market value
$730,600
Improvement market value
$813,000
Total market value
$1,543,600
Applied tax rate
22.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
85
Total area
32,743 SF
Lot
2.43 ac (105,851 SF)
Zoning code
R
APN
22-47900-01-023
UPID
US46-0889015
Jurisdiction
DAKOTA
Zoning & alternative use
R · Lakeville, MN
Zoning R · permitted uses
R · Lakeville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
NONE
Bathrooms
85
Lot
2.43 ac
Current owner
From public records · entity-resolved
Lakeville Hospitality Group LLC
Entity
Mailing address
7817 HENDRICKS DR, SAN DIEGO, CA 92126-3547
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
Lakeville Hospitality Group LLC
—
Deed
related
$500,000 · 21st Century Bank
May 10, 2022
—
Twin Cities Metro Certified Dev Co
—
Deed
related
$1,428,800 · Frandsen Bank & Trust
Apr 14, 2022
—
Lakeville Hospitality Group LLC
—
Deed
related
$857,280 · Frandsen Bank & Trust
Apr 11, 2022
$2,800,000
Lakeville Hospitality Group LLC
G6 Hospitality Property LLC
Limited Warranty Deed
$1,428,800 · Lakeville Hospitality Group LLC
Sep 14, 2021
—
G6 Hospitality Property LLC
—
Deed
related
$685,000,000 · Jpmorgan Chase Bank NA
Sep 26, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$2,075,000,000 · Jp Morgan Chase Bk
Aug 29, 2017
—
G6 Hospitality Property LLC
Motel 6 Operating LP
Limited Warranty Deed
$201,000,000 · Jpmorgan Chase Bank NA
Dec 19, 2016
$1,300,000
Motel 6 Operating LP
Richard S Lane Family LLC
Warranty Deed
—
Dec 8, 2016
$1,300,000
Richard S Lane Family LLC
Lane Family LP
Warranty Deed
related
—
—
—
G6 Hospitality Property LLC
—
Loan Modification
related
$2,075,000,000 · Jp Morgan Chase Bk
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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