Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1690 Motorplex Cte5 Chanhassen, MN 55317
    Back to Search
    Property profile & analytics

    1690 Motorplex Cte5, Chanhassen, MN 55317

    View on Map
    • Parking lots & garages
    • 1,286 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Feb 9, 2021
    $575,000
    Property ID
    US46-0996186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1690 Motorplex Cte5

    Year built
    2009
    Lot size
    0.02 lot acres
    Property type
    Parking lots & garages
    APN
    25-0810074
    APU
    250810074

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 9, 2021 $575,000 Michael Karch Allen Hoffman Ross Limited Warranty Deed —
    Aug 11, 2020 $575,000 Michael Karch Ross A Hoffman Grant Deed · related —
    Mar 15, 2016 $520,000 Ross A Hoffman Jws Family LP Warranty Deed —
    Feb 17, 2012 — Jws Family LP Shear,james K & Wendy S Quit Claim Deed · related —
    Jul 2, 2010 $252,000 James Shear Autobahn Motorplex LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $373,000
      Market price range: $276k - $426k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chanhassen
    County
    Carver
    State
    Minnesota
    Longitude
    -93.5635
    Latitude
    44.8553
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,862
    $80,000
    $201,200
    $281,200
    -
    $80,000
    $201,200
    $281,200

    Comparable in this City

    • Value Estimation by Request
      312 SF

      1670 Motorplex Ctf8

      PARKING GARAGE, PARKING STRUCTURE
      1670 Motorplex Ctf8, Chanhassen, MN 55317
      View Details
    • Value Estimation by Request
      312 SF

      1670 Motorplex Ctf1

      PARKING GARAGE, PARKING STRUCTURE
      1670 Motorplex Ctf1, Chanhassen, MN 55317
      View Details
    • Value Estimation by Request
      312 SF

      1670 Motorplex Ctf5

      PARKING GARAGE, PARKING STRUCTURE
      1670 Motorplex Ctf5, Chanhassen, MN 55317
      View Details
    • Value Estimation by Request
      1,200 SF

      1710 Motorplex Ctd1

      PARKING GARAGE, PARKING STRUCTURE
      1710 Motorplex Ctd1, Chanhassen, MN 55317
      View Details
    • Value Estimation by Request
      1,959 SF

      1680 Motorplex Ctj10

      PARKING GARAGE, PARKING STRUCTURE
      1680 Motorplex Ctj10, Chanhassen, MN 55317
      View Details
    • Value Estimation
      $700,000
      2,112 SF

      1760 Motorplex Cta6

      PARKING GARAGE, PARKING STRUCTURE
      1760 Motorplex Cta6, Chanhassen, MN 55317
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Retail Center and Land Available

      Land and retail space for sale or lease in Chanhassen.
      8971 Crossroads Blvd, Chanhassen, MN 55317
      View Details
    • Contact for pricing

      Land at Highway Interchange

      Commercial land at the intersection of two highways.
      8971 Crossroads Blvd, Chanhassen, MN 55317
      View Details
    • $250,000
      0.27 Acres

      Chanhassen Wooded Lot Opportunity

      Wooded lot in quiet neighborhood, build your dream home.
      6679 Mohawk Dr, Chanhassen, MN 55317
      View Details
    • $450,000
      0.44 Acres

      Half-Acre Wooded Lot Opportunity

      Half-acre wooded lot near Lotus Lake in Fox Ridge.
      601 Fox Hill Dr, Chanhassen, MN 55317
      View Details
    • $2,195,000
      1.25 Acres

      Christmas Lake Luxury Homesite

      Premier 1.25-acre luxury homesite with 120 feet of shoreline.
      970 Pleasant View Rd, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      16,704 SF

      Chanhassen Industrial Property For Sale

      Industrial property in Chanhassen with easy highway access.
      8345 Commerce Dr, Chanhassen, MN 55317
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,882 SF

      Retail Space in West Village

      Retail space for lease in West Village Center.
      800-860 W 78Th St, Chanhassen, MN 55317
      View Details
    • Contact for pricing

      Retail Space in Chanhassen

      Retail property in Chanhassen, Minnesota, currently 100% leased.
      420-440 Pond Promenade, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      617 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in Chanhassen, Minnesota.
      580-600 Market St, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      1,565 SF

      Retail Space in Chanhassen, MN

      Retail space available in a new mixed-use development.
      591 W 78Th St, Chanhassen, MN 55317
      View Details
    • Contact for pricing

      Retail Space in West Village

      Retail space for lease in Chanhassen, Minnesota.
      800 W 78Th St, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      800 SF

      Redeveloped Retail Space in Chanhassen

      Redeveloped retail space with flexible opportunities in the heart of Chanhassen.
      7900-7924 Kerber Dr, Chanhassen, MN 55317
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1690 Motorplex Cte5
    Chanhassen, MN 55317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1690 Motorplex Cte5, Chanhassen, MN, 55317
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!