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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Hotels
232 Withers Hbr Dr Red Wing, MN 55066-2081
Entity Owned
17-yr Hold
Free & Clear
Property ID
US46-1242864
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Total area
13,314 SF
APN
55.445.0020
UPID
US46-1242864
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
-
Super 8 by Wyndham Red Wing Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$845k
Owner & transaction history
Saraswati INC · 17 yrs held
Saraswati INC
since 2009
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+38.7%
Restaurant
$1.1M
+12.5%
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 Red Wing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Wing 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
by Request
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$980,000
Current use
OFFICE BUILDING
$1,360,000
Change: +39% · Conversion: Difficult
RESTAURANT
$1,105,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$920,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$900,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
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
$63 / 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
$27,970
Tax year 2023
Assessed value
$936,900
Assessed 2023
Previous assessed
$936,900
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$322,200
Assessed improvement
$614,700
Land market value
$322,200
Improvement market value
$614,700
Total market value
$936,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
2
Stories
2
Total area
13,314 SF
APN
55.445.0020
UPID
US46-1242864
Jurisdiction
GOODHUE
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
HOTEL/MOTEL Current
Est. value
$980,000
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$900,000
HOTEL/MOTEL Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1987
Heating
NONE
Stories
2
Buildings
2
Current owner
From public records · entity-resolved
Saraswati INC
Entity
Free & Clear · 17 yrs held
Mailing address
232 WITHERS HBR DR, RED WING, MN 55066-2081
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Sep 24, 2024
—
Ria LLC
—
Deed
related
$369,800 · United States Small Business Admin
Aug 5, 2021
—
Ria LLC
—
Deed
related
$729,240 · Bankvista
Jun 1, 2009
$2,170,000
Saraswati INC
Riverside Lodging Group LLC
Warranty Deed
—
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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