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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Motels
14331 Nicollet Ct Burnsville, MN 55306-4574
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US46-0762214
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
WOOD FRAME
Total area
33,373 SF
Lot
2.51 ac (109,336 SF)
Zoning code
R
APN
02-75851-01-010
UPID
US46-0762214
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
-
AmericInn Hotel & Motel Resort
-
Salvation army Department Store Grocery & Convenience Store
-
AmericInn by Wyndham Burnsville Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.06M
Owner & transaction history
American Hotels LLC · 2 yrs held
American Hotels LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
R · Burnsville, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+653.7%
Industrial (general)
$4.0M
+610.5%
Restaurant
$2.6M
+366.6%
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 Burnsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burnsville 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
$4,175,000
ML approach
$3,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,235,000
Change: +654% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,995,000
Change: +610% · Conversion: Difficult
RESTAURANT
$2,620,000
Change: +367% · Conversion: Difficult
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±10% · vs last sale $4.10M (Oct 6 2023)
Last sale anchor
$4.10M
Oct 6 2023
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
$122 / 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
$72,754
Tax year 2023
Assessed value
$2,477,100
Assessed 2022
Previous assessed
$2,325,000
+6.5% YoY
Effective rate
2.94%
On assessed value
Assessed land
$1,007,000
Assessed improvement
$1,470,100
Land market value
$1,007,000
Improvement market value
$1,470,100
Total market value
$2,477,100
Applied tax rate
2.0000
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
1987
Construction
WOOD FRAME
Heating
NONE
Bathrooms
88
Total area
33,373 SF
Lot
2.51 ac (109,336 SF)
Zoning code
R
APN
02-75851-01-010
UPID
US46-0762214
Jurisdiction
DAKOTA
Zoning & alternative use
R · Burnsville, MN
Zoning R · permitted uses
R · Burnsville, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burnsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
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
1987
Construction
WOOD FRAME
Heating
NONE
Bathrooms
88
Lot
2.51 ac
Current owner
From public records · entity-resolved
American Hotels LLC
Entity
Mailing address
6130 FERNBROOK LN N, PLYMOUTH, MN 55446-3742
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$4,100,000
American Hotels LLC
Burnsville Inns LLC
Warranty Deed
$2,870,000 · American Federal Bank
May 4, 2020
—
Burnsville Inns LLC
—
Deed
related
—
Dec 23, 2019
—
Burnsville Inns LLC
—
Deed
related
—
Aug 4, 2017
—
Burnsville Inns LLC
—
Deed
related
$3,092,000 · Lakeview Bk
Nov 15, 2016
—
Burnsville Inns LLC
—
Deed
related
$50,000 · Lakeview Bank
Jul 13, 2012
$1,515,000
Tricon Lodging INC
Riou Land 1 LLC
Grant Deed
$927,500 · Northeast Bank
Apr 25, 2012
—
Riou Land 1 LLC
Klein Bk
Quit Claim Deed
related
—
Apr 23, 2012
—
Bk Klein
Om Hospitality INC
Deed In Lieu Of Foreclosure
related
—
—
—
Tricon Lodging INC
—
Deed Of Trust
related
$823,000 · Twin Cities-metro Cert Dev Co
—
—
Burnsville Inns LLC
—
Loan Modification
related
—
—
—
Tricon Lodging INC
—
Loan Modification
related
$799,050 · Northeast Bank
—
—
Burnsville Inns LLC
—
Loan Modification
related
—
—
—
Om Hospitality INC
—
Deed Of Trust
related
$1,139,000 · Twin Cities-metro Certified De
—
—
Tricon Lodging INC
—
Deed Of Trust
related
$2,400,000 · Premier Bk
—
—
Tricon Lodging INC
—
Loan Modification
related
$1,141,500 · Northeast Bank
—
—
Tricon Lodging INC
—
Loan Modification
related
—
—
—
Burnsville Inns LLC
—
Loan Modification
related
$3,092,000 · Lakeview 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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