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Property profile & analytics
OFF-MARKET
Estimated value
$8,845,000
Hotels
2051 Adams St Mankato, MN 56001-6817
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-2852709
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
67,009 SF
Lot
3.55 ac (154,638 SF)
APN
R01.09.10.376.001
UPID
US46-2852709
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
-
Coin Operated Laundry (Bike/Boat/Book/etc) Store
-
Holiday Inn Express & Suites Mankato East, an IHG Hotel Hotel & Motel
-
Public Printer Printing Equipment And Supplies
-
Public Computer Telecommunications Service Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.26M
CAP Approach
CAP
$6.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.85M
Owner & transaction history
J & J Investments LLC · 6 yrs held
J & J Investments LLC
since 2020
Last sale
$8.5M
3 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 Mankato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mankato 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
$9,155,000
ML approach
$9,255,000
CAP Approach
CAP Return
Estimation
6%
$6,765,000
6.5%
$6,245,000
7%
$5,795,000
Alternative Use
Use
Estimation
RESTAURANT
$6,320,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,185,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$5,995,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.85M
Range $7.96M – $9.73M · ±10% · vs last sale $8.49M (Mar 12 2020)
Last sale anchor
$8.49M
Mar 12 2020
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 2024Property tax & assessments
Tax year 2024
Tax billed
$120,070
Tax year 2024
Assessed value
$4,788,500
Assessed 2024
Previous assessed
$4,517,700
+6.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$541,500
Assessed improvement
$4,247,000
Land market value
$541,500
Improvement market value
$4,247,000
Total market value
$4,788,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2008
Stories
2
Total area
67,009 SF
Lot
3.55 ac (154,638 SF)
APN
R01.09.10.376.001
UPID
US46-2852709
Jurisdiction
BLUE EARTH
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
RESTAURANT
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.0M
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2008
Stories
2
Lot
3.55 ac
Current owner
From public records · entity-resolved
J & J Investments LLC
Entity
Mailing address
1605 25TH AVE N, SAINT CLOUD, MN 56303-1317
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2020
$8,490,100
J & J Investments LLC
Blue Earth Lodging LLC
Limited Warranty Deed
$8,560,080 · Minnwest Bank
Dec 22, 2017
—
City Of Mankato
F Edward Wenner
Deed
—
Sep 18, 2015
$4,520,000
Blue Earth Lodging LLC
Highway Harbor LLC
Warranty Deed
$5,700,000 · American State Bank
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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