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Property profile & analytics
OFF-MARKET
Motels
3000 Denmark Ave Eagan, MN 55121-2271
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US46-3226678
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
WOOD FRAME
Total area
35,635 SF
Lot
1.83 ac (79,715 SF)
APN
10-22524-01-020
UPID
US46-3226678
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Empire IV Eagan LLC · 6 yrs held
Empire IV Eagan LLC
since 2019
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 Eagan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eagan 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 2023Property tax & assessments
Tax year 2023
Tax billed
$67,928
Tax year 2023
Assessed value
$2,425,500
Assessed 2022
Previous assessed
$2,297,000
+5.6% YoY
Effective rate
2.80%
On assessed value
Assessed land
$875,900
Assessed improvement
$1,549,600
Land market value
$875,900
Improvement market value
$1,549,600
Total market value
$2,425,500
Applied tax rate
10.0000
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
1998
Construction
WOOD FRAME
Heating
NONE
Bathrooms
82
Total area
35,635 SF
Lot
1.83 ac (79,715 SF)
APN
10-22524-01-020
UPID
US46-3226678
Jurisdiction
DAKOTA
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
1998
Construction
WOOD FRAME
Heating
NONE
Bathrooms
82
Lot
1.83 ac
Current owner
From public records · entity-resolved
Empire IV Eagan LLC
Entity
Mailing address
1505 RIV SHR DR, HASTINGS, MN 55033-8547
Ownership since
2019
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
Aug 28, 2019
$5,700,000
Empire IV Eagan LLC
Eagan Hospitality LLC
Limited Warranty Deed
$4,764,250 · Merchants Bank NA
Jun 26, 2007
$3,125,000
Eagan Hospitality LLC
Eagan Lodging Group LLC
Warranty Deed
related
$2,500,000 · S & C Bank
Jan 30, 2007
$2,650,000
Eagan Lodging Group LLC
Larson Properties LLC
Warranty Deed
$1,471,500 · Green Lake State Bank
—
—
Eagan Hospitality LLC
—
Deed Of Trust
related
$1,178,000 · Twin Cities-metro Cert Dev Co
—
—
Kalpana Hospitality LLC
—
Deed Of Trust
related
$1,145,000 · Premier Bank
—
—
Kalpana Hospitality LLC
—
Deed Of Trust
related
$1,145,000 · Premier 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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