New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Hotels
9200 Quaday NE Ave, Otsego, MN 55330-6661
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US46-3068855
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Construction
WOOD
Total area
51,622 SF
Lot
4.26 ac (185,566 SF)
APN
118-186-001010
UPID
US46-3068855
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
-
Wild Woods Water Park Water Park
-
Wyndham Garden Otsego-Minneapolis (formerly Holiday Inn) Hotel & Motel
-
Mississippi Valley Grill & Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.88M
Owner & transaction history
Stearns Bank NA · 18 yrs held
Stearns Bank NA
since 2008
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 Otsego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otsego 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
$4,485,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,105,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,990,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±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
$56 / 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
$112,014
Tax year 2023
Assessed value
$4,653,600
Assessed 2023
Previous assessed
$4,653,600
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,310,100
Assessed improvement
$3,343,500
Land market value
$1,310,100
Improvement market value
$3,343,500
Total market value
$4,653,600
Applied tax rate
3,001.0000
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
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Total area
51,622 SF
Lot
4.26 ac (185,566 SF)
APN
118-186-001010
UPID
US46-3068855
Jurisdiction
WRIGHT
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
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.0M
MEDICAL BUILDING
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
2005
Construction
WOOD
Heating
NONE
Lot
4.26 ac
Current owner
From public records · entity-resolved
Stearns Bank NA
Entity
Free & Clear · 18 yrs held
Mailing address
800 BERING DR, HOUSTON, TX 77057-2143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
42 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2008
$12,214,071
Stearns Bank NA
Sheriff Of Wright County
Trustees Deed
related
—
Feb 13, 2006
$500
Geneva Hldx Xxxvi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Apr 12, 2005
$500
Hldx Xxxvi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Mar 17, 2005
$296,631
Owner Name Unavailable
Geneva Exchange Fund
Grant Deed
—
Mar 17, 2005
$150,000
Geneva Hldx Xxxvii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Feb 3, 2005
$310,000
Geneva Hldx Xxxv LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Feb 3, 2005
$100,000
Geneva Xxxvi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$270,000
Geneva Hldx Xxviii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$450,000
Geneva Hldx Xxii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$250,000
Geneva Hldx Xxiix LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$286,000
Geneva Hldx Xxxiii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$145,112
Geneva Hldx Xvii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$350,000
Geneva Hldx Xxx LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$650,000
Geneva Hldx Xvii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$495,000
Geneva Hldx Xxiv LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$200,000
Geneva Hldx Xxxi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$175,000
Geneva Hldx Xxii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jan 19, 2005
$454,300
Geneva Hldx Xxxiv LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$120,000
Geneva Hldx Xv LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$171,539
Geneva Hldx Xii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$150,000
Geneva Hldx Ix LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$281,700
Geneva Hldx Xxi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$693,000
Geneva Hldx Xviii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$350,000
Geneva Hldx Xx LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$456,000
Geneva Hldx Xi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Nov 5, 2004
$308,100
Geneva Hldx Xvi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 27, 2004
$300,000
Geneva Hldx IV LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 27, 2004
$278,787
Geneva Hldx Vi LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 27, 2004
$418,181
Geneva Hldx Viii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 27, 2004
$600,000
Geneva Hldx Vii LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 6, 2004
$96,000
Geneva Hldx I LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Aug 6, 2004
$75,000
Geneva Hldx II LLC
Geneva Exchange Fund Xxii LLC
Grant Deed
related
—
Jun 8, 2004
$1,350,918
Geneva Exchange Fund Xxii LLC
Waterfront East LLC
Warranty Deed
related
$1,668,750 · Stearns Bank NA
—
—
Geneva Exchange Fund Xxii LLC
—
Deed Of Trust
related
$1,900,000 · Stearns Bank NA
—
—
Elk Inn Partners LP
—
Loan Modification
related
$2,285,357 · Post Oak Bk
—
—
Elk Inn Partners LP
—
Deed Of Trust
related
$200,000 · Post Oak Bank
—
—
Elk Inn Partners LP
—
Loan Modification
related
$2,500,000 · Post Oak Bk
—
—
Elk Inn Partners LP
—
Deed Of Trust
related
—
—
—
Elk Inn Partners
—
Deed Of Trust
related
$2,500,000 · Post Oak Bk
—
—
Elk Inn Partners LP
—
Deed Of Trust
related
$200,000 · Post Oak Bank
—
—
Elk Inn Partners LP
—
Loan Modification
related
$2,500,000 · Allegiance Bk
—
—
Elk Inn Partners LP
—
Loan Modification
related
$2,500,000 · Allegiance Bk
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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