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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Motels
14350 Nicollet Ct Burnsville, MN 55306-4574
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-0590665
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Construction
WOOD FRAME
Total area
30,856 SF
Lot
1.62 ac (70,567 SF)
APN
02-75853-01-010
UPID
US46-0590665
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
-
14350 Nicollet Court Parking Parking Lot & Garage
-
Fairfield Inn & Suites Minneapolis Burnsville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$620k
Owner & transaction history
Sima Hospitality LLC · 3 yrs held
Sima Hospitality LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$940,000
+80.8%
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 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
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$20 / 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
$70,784
Tax year 2023
Assessed value
$2,423,300
Assessed 2022
Previous assessed
$2,404,300
+0.8% YoY
Effective rate
2.92%
On assessed value
Assessed land
$661,800
Assessed improvement
$1,761,500
Land market value
$661,800
Improvement market value
$1,761,500
Total market value
$2,423,300
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
1997
Construction
WOOD FRAME
Heating
NONE
Bathrooms
63
Total area
30,856 SF
Lot
1.62 ac (70,567 SF)
APN
02-75853-01-010
UPID
US46-0590665
Jurisdiction
DAKOTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
WOOD FRAME
Heating
NONE
Bathrooms
63
Lot
1.62 ac
Current owner
From public records · entity-resolved
Sima Hospitality LLC
Entity
Mailing address
PO BOX 9118, FARGO, ND 58106-9118
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
Sima Hospitality LLC
—
Deed
related
$300,000 · Prime Security Bank
May 17, 2023
$3,638,751
Sima Hospitality LLC
Midwest Heritage Inn Of Burnsville
Limited Warranty Deed
$1,819,375 · Prime Security Bank
May 17, 2023
—
Sima Hospitality LLC
—
Deed
related
$1,819,375 · Prime Security Bank
Sep 28, 2017
—
Heritage Inn Of Mendota Heights
—
Grant Deed
related
$25,800,000 · Goldman-sachs Mtg
Sep 26, 2017
—
Heritage Inn Of Mendota Heights L
—
Grant Deed
related
$25,800,000 · Goldman-sachs Mtg
Sep 30, 2005
$500
Midwest Heritage Inn Of Burnsvill
Heritage Inn Of Mankato INC
Warranty Deed
related
—
—
—
Midwest Heritage Inn Of Burnsvill
—
Deed Of Trust
related
$580,000,000 · Barclays Bk/plc
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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