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Property profile & analytics
FOR LEASE
Hotels
591 W 78Th St, Chanhassen, MN 55317
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US46-3207631
For Lease
$1,440,000
591 W 78Th St, Chanhassen, MN 55317
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1990
Construction
WOOD
Total area
21,972 SF
Lot
1.15 ac (50,094 SF)
APN
25-1190010
UPID
US46-3207631
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
-
Country Inn & Suites by Radisson, Chanhassen, MN Hotel & Motel
-
WW Studio @ CountryInn & Suites Chanhassen Weight Loss Service Wellness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Roers Chanhassen Bennett Apt Owner · 1 yrs held
Roers Chanhassen Bennett Apt Owner
since 2025
7 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 Chanhassen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chanhassen 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,070,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,000,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,980,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$66 / 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
$144,476
Tax year 2024
Assessed value
$5,308,800
Assessed 2024
Previous assessed
$5,324,400
-0.3% YoY
Effective rate
2.72%
On assessed value
Assessed land
$801,500
Assessed improvement
$4,507,300
Land market value
$801,500
Improvement market value
$4,507,300
Total market value
$5,308,800
Applied tax rate
112.0000
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
1990
Construction
WOOD
Heating
FORCED AIR
Stories
3
Total area
21,972 SF
Lot
1.15 ac (50,094 SF)
APN
25-1190010
UPID
US46-3207631
Jurisdiction
CARVER
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
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1990
Construction
WOOD
Heating
FORCED AIR
Stories
3
Lot
1.15 ac
Current owner
From public records · entity-resolved
Roers Chanhassen Bennett Apt Owner
Individual
Mailing address
PO BOX 727, WAITE PARK, MN 56387-0727
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2025
—
Roers Chanhassen Bennett Apt Owner
Roers Chanhassen Harlow Apt Owner L
Quitclaim Deed
$49,305,000 · Kcred Originator LLC
Dec 31, 2024
—
Roers Chanhassen Bennett Apt Owner
Roers Chanhassen Fund I LLC
Deed
—
Feb 23, 2018
—
Chanhassen Lodging LLC
—
Deed
related
$150,000 · Home Fsb
Mar 31, 2017
—
Chanhassen Lodging LLC
—
Deed
related
$8,500,000 · Home Fed'l Svgs
Jun 7, 2007
—
Chanhassen Lodging LLC
National Lodging Cos INC
Quit Claim Deed
related
—
Jun 7, 2007
$4,000,000
Chanhassen Lodging LLC
Chanhassen Suites LLC
Warranty Deed
related
—
—
—
Chanhassen Lodging LLC
—
Deed Of Trust
related
$8,500,000 · Home Fed'l Svgs
—
—
Chanhassen Lodging LLC
—
Deed Of Trust
related
$150,000 · Home Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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