616 33rd Ave SW - Hospitality FOR SALE


Cedar Rapids, IA 52404- Southwest Area
$5,900,000 USD
619-500-4241
616 33rd Ave SW, Cedar Rapids, IA for Sale
$5,900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

616 33rd Ave SW
Cedar Rapids, IA 52404
Southwest Area


HIGHLIGHTS

  • Property generated over $1.26M in 2025 revenue with continued month-over-month growth in 2026, trending toward a $2.0M+ annualized run rate
  • 100-room interior corridor hotel offering enhanced security, guest appeal, and higher ADR potential compared to typical exterior corridor economy asse
  • Located in Cedar Rapids, supported by manufacturing, logistics, healthcare, and education sectors, delivering consistent year-round occupancy.
  • Offered at $5.9M (under $60K per key), providing an attractive entry point significantly below replacement cost for a similar interior corridor asset.

OVERVIEW

Motel 6 Cedar Rapids is a stabilized, cash-flowing interior corridor hotel demonstrating strong operational recovery and accelerating revenue growth. The property generated over $1.26M in 2025 and is already trending toward a $2.0M+ annualized run rate based on strong 2026 month-over-month performance. With occupancy outperforming the competitive set and ADR still below market levels, the primary upside is driven by rate growth rather than demand risk. The asset presents a clear owner-operator opportunity, supported by over $300K in identifiable add-backs and a stabilized adjusted NOI exceeding $500K for Year 2026 for potential buyer. Offered at $5,900,000—less than $60,000 per key and below replacement cost—this investment combines in-place cash flow with immediate and scalable upside.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

100

PRICE/ROOM

$59,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Cedar Rapids, IA - Airport

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

C-3

APN/PARCEL ID

19051-76011-00000

ASK ABOUT THIS PROPERTY

Alex TankRancho HotelsMore Info
619-500-4241

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Alex TankRancho HotelsMore Info
619-500-4241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.