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Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Motels
14400 Nicollet Ct Burnsville, MN 55306-8333
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US46-1010676
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Construction
WOOD FRAME
Total area
38,494 SF
Lot
2.04 ac (88,862 SF)
APN
02-75853-01-020
UPID
US46-1010676
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
-
Hampton Inn Minneapolis/Burnsville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.07M
Owner & transaction history
Msp Burnsville LLC · 3 yrs held
Msp Burnsville LLC
since 2023
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+653.7%
Industrial (general)
$4.6M
+610.5%
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
$5,255,000
ML approach
$4,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,885,000
Change: +654% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,605,000
Change: +610% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±10% · vs last sale $5.16M (May 16 2023)
Last sale anchor
$5.16M
May 16 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
$132 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$90,796
Tax year 2022
Assessed value
$3,104,400
Assessed 2022
Previous assessed
$3,104,400
+0.0% YoY
Effective rate
2.92%
On assessed value
Assessed land
$831,600
Assessed improvement
$2,272,800
Land market value
$831,600
Improvement market value
$2,272,800
Total market value
$3,104,400
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
80
Total area
38,494 SF
Lot
2.04 ac (88,862 SF)
APN
02-75853-01-020
UPID
US46-1010676
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
OFFICE BUILDING
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
80
Lot
2.04 ac
Current owner
From public records · entity-resolved
Msp Burnsville LLC
Entity
Mailing address
16764 REEDER RDG, EDEN PRAIRIE, MN 55347-2632
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
$5,163,624
Msp Burnsville LLC
Hi Heritage Inn Of Burnsville LP
Limited Warranty Deed
$2,524,999 · Bankvista
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
Hi Heritage Inn Of Burnsville INC
Heritage Inn Of Mankato INC
Deed Of Trust
related
$52,000,000 · Countrywide Com'l R E Fin
—
—
Hi Heritage Inn Of Burnsville LP|hi Heritage Inn O
—
Deed Of Trust
related
$580,000,000 · Bank Of America
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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