Property profile

5861 Blaine Ave Inver Grove Heights, MN 55076

OFF-MARKET
Motels
Property ID
US46-0607285
44,201 SF 2.25 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1997
Construction WOOD FRAME
Total area 44,201 SF
Lot 2.25 ac (98,010 SF)
APN 20-14175-01-020
UPID US46-0607285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Atm
  • Hotel & Motel
  • Hotel & Motel Resort

Location

5861 Blaine Ave Inver Grove Heights, MN 55076-1401
Inver Grove Heights metro Census 60506 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.52M

Owner & transaction history

since 2022
Last sale
$7.4M
7 recorded transactions
2024
Price N/A
2022
$7.4M
2020
Price N/A
2020
Price N/A
2018
Price N/A
2013
Price N/A
2013
$2.8M

Zoning & alternative use

Top alternative use upside
Warehouse, storage $4.8M +542.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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