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Property profile & analytics
OFF-MARKET
Hotels
1820 Everett Bay Rd, Tower, MN 55790-8154
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US46-0741470
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1950
Construction
FRAME
Total area
2,380 SF
Lot
5.19 ac (226,076 SF)
APN
387-0010-02480
UPID
US46-0741470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rodney J Politano · 5 yrs held
Rodney J Politano
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Tower submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tower 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,014
Tax year 2024
Assessed value
$595,900
Assessed 2022
Previous assessed
$542,000
+9.9% YoY
Effective rate
0.51%
On assessed value
Assessed land
$361,400
Assessed improvement
$234,500
Land market value
$361,400
Improvement market value
$234,500
Total market value
$595,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
9
Stories
2
Rooms
4
Bathrooms
9
Total area
2,380 SF
Lot
5.19 ac (226,076 SF)
APN
387-0010-02480
UPID
US46-0741470
Jurisdiction
ST LOUIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
9
Rooms
4
Bathrooms
9
Lot
5.19 ac
Current owner
From public records · entity-resolved
Rodney J Politano
Individual
Mailing address
1820 EVERETT BAY RD, TOWER, MN 55790-8154
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
$500
Rodney J Politano
Gooden Properties LLC
Quit Claim Deed
related
—
Aug 24, 2020
$500
State Of Mn
Gooden Properties LLC
Quit Claim Deed
related
—
May 12, 2020
$2,456,970
Vermilion Venture Prop LLC
Gooden Properties LLC
Warranty Deed
related
$928,000 · Glenwood Bk
—
—
Vermilion Venture Prop LLC
—
Deed Of Trust
related
$578,000 · Minnesota Busn Fin
—
—
Gooden Properties LLC
—
Deed Of Trust
related
$475,000 · American Bank Of The North
—
—
Gooden Properties LLC
—
Deed Of Trust
related
$95,000 · American Bank Of The North
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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