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Super 8 by Wyndham Newton 1635 South 12th Ave West 43 Room Hotel Newton, IA 50208 $1,300,000 ($30,233/Room) 8.23% Cap Rate
EXECUTIVE SUMMARY
# of Rooms: 42
2024 Occupancy - STR Report:30.91%
Parking Lot: Paved - 42 spaces
Cap Rate: 8.23%
Price per Room: $30,952.38
Price/SF: $150.32
ADR - STR Report: $76.52
GRM: 3.19Xs
REV PAR - STR Report: $27.12
3 Year Average NOI: $158,000
2024 Revenue: $335,948
Real Estate Taxes: $19,482
2025 Projected Revenue: $430,000
Manager’s apartment on-site
Wyndam PIP 80% complete
2024 Occupancy - STR Report:30.91%
Parking Lot: Paved - 42 spaces
Cap Rate: 8.23%
Price per Room: $30,952.38
Price/SF: $150.32
ADR - STR Report: $76.52
GRM: 3.19Xs
REV PAR - STR Report: $27.12
3 Year Average NOI: $158,000
2024 Revenue: $335,948
Real Estate Taxes: $19,482
2025 Projected Revenue: $430,000
Manager’s apartment on-site
Wyndam PIP 80% complete
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 1.28 AC |
| Price Per Room | $30,233 | Building Size | 17,415 SF |
| Sale Type | Investment | No. Rooms | 43 |
| Cap Rate | 8.23% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2010 |
| Property Subtype | Hotel | Parking Ratio | 2.41/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | C - Commercial | ||
| Price | $1,300,000 |
| Price Per Room | $30,233 |
| Sale Type | Investment |
| Cap Rate | 8.23% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 17,415 SF |
| No. Rooms | 43 |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2010 |
| Parking Ratio | 2.41/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 43 | $96.00 | - |
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PROPERTY TAXES
| Parcel Number | 13-04-101-007 | Improvements Assessment | $606,310 |
| Land Assessment | $114,000 | Total Assessment | $720,310 |
PROPERTY TAXES
Parcel Number
13-04-101-007
Land Assessment
$114,000
Improvements Assessment
$606,310
Total Assessment
$720,310
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Super 8 by Wyndham Newton | 1635 South 12th Ave West
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