5020 14Th StDes Moines, IA 50313

Property Details for 5020 14Th St

Year built

2007

Construction

FRAME

Lot size

1.06 AC

Property size (Sq ft)

24,604 SF

Zone code

GC

Property type

Hotels

Property subtype

Motels

APN

270/01273-000-000

APU

27001273000000

Description

This 62-key Red Roof Inn in Des Moines, Iowa presents a compelling investment opportunity. Built in 2007, the hotel boasts 24,604 square feet of space situated on a 1.06-acre lot (46,174 sq ft). Located at 5020 NE 14th St, Des Moines, IA 50313, this two-story property benefits from a strong location within a thriving area, with a population exceeding 155,000 within a 5-mile radius. The asking price is $3,499,000, translating to an attractive price per key of $56,435. The property's modern design and lush surroundings create an inviting atmosphere for guests. This well-maintained hotel offers a solid foundation for continued success in the hospitality sector, making it an ideal acquisition for discerning investors seeking a profitable venture in a dynamic market. The property's size and location provide significant potential for growth and return on investment. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $4,872,648

  6.5%

  $4,497,828

  7%

  $4,176,555

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,951,102

  Geo Method

  $2,951,102

• Alternative Use

  Use

  Valuation

  Residential

  $4,910,322

  Hospitality

  $4,497,828

  Educational

  $3,742,140

  Medical

  $3,870,838

  Retail

  $5,821,108

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6518

Longitude

-93.6012

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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