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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Motels
1901 Broadway St New Ulm, MN 56073-3747
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US46-2801070
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Total area
22,203 SF
Zoning code
C2
APN
001.340.001.01.010
UPID
US46-2801070
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
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Bdh2 New Ulm 2 LLC · 4 yrs held
Bdh2 New Ulm 2 LLC
since 2022
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
C2 · New Ulm, MN
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 New Ulm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Ulm 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
$1,530,000
ML approach
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,360,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,225,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,875,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,390,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,330,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,240,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±10% · vs last sale $1.63M (Jan 4 2022)
Last sale anchor
$1.63M
Jan 4 2022
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
$71 / 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
$27,742
Tax year 2023
Assessed value
$1,150,900
Assessed 2023
Previous assessed
$1,150,900
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$169,400
Assessed improvement
$981,500
Land market value
$169,400
Improvement market value
$981,500
Total market value
$1,150,900
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
1988
Heating
FLOOR/WALL FURNACE
Total area
22,203 SF
Zoning code
C2
APN
001.340.001.01.010
UPID
US46-2801070
Jurisdiction
BROWN
Zoning & alternative use
C2 · New Ulm, MN
Zoning C2 · permitted uses
C2 · New Ulm, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Ulm. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1988
Heating
FLOOR/WALL FURNACE
Current owner
From public records · entity-resolved
Bdh2 New Ulm 2 LLC
Entity
Mailing address
221 S PHILLIPS AVE #200, SIOUX FALLS, SD 57104-6349
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$1,625,000
Bdh2 New Ulm 2 LLC
Pramukh Motel INC
Warranty Deed
$1,056,250 · First Dakota National Bank
May 1, 2017
—
Pramukh Motel INC
—
Deed
related
$200,000 · Security State Bank
Feb 29, 2012
—
Shree Balaji LLC
Riou Operating 6 LLC
Warranty Deed
$451,500 · United Prairie Bank
Jan 18, 2012
—
Riou Operating 6 LLC
Kleinbank
Quit Claim Deed
related
—
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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