Super 8 Hotel
For Sale
Contact for pricing
1100 Eastgate Dr, O Fallon, IL 62269
Lucrative hospitality investment opportunity in O'Fallon, Illinois.
Property Size26,653 SF
Lot Size2.92 Acres
Price / SF$165.08
Days on Market182
Property Features for 1100 Eastgate Dr
General Information
Standard status
Active
Size
26,653 SF
Lot size
2.92 Acres
Property subtype
Hospitality
Listing Agency:
Century 21 Allstars
Listed By:
Silvestre Madrigal Jr. · License #01363650
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstars
Investment Insights
Based on property information with market context.
The Super 8 property located at 1100 Eastgate Dr, O'Fallon, IL 62269, presents a hospitality investment opportunity. The property features 100 rooms within a 26,653 square foot structure, situated on a 2.92-acre land plot, which totals 114,127 square feet. The property is priced at $5,250,000, which translates to $52,500 per key and $196.98 per square foot. The surrounding area within 1, 3, and 5 mile radii indicates a strong market, with increasing median and average household incomes and a growing population. The Super 8 property is a well-maintained structure with modern amenities.
Key Highlights
- Lucrative investment opportunity: priced at $5,250,000, $52,500 per key, and $196.98 per square foot.
- Prime location in O'Fallon, IL.
- 100 spacious rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$161,417
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,228,340
$3.2M
Cap Rate 7%
$2,305,957
$2.3M
Cap Rate 9%
$1,793,522
$1.8M
Market Conditions
NOI Build-Up for 26,653 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$399.8K $15.00/SF
− Vacancy
−$60.0K −$2.25/SF
EGI
$339.8K $12.75/SF
− OpEx
−$178.4K −$6.69/SF
NOI
$161.4K $6.06/SF
Area
St. Clair County, IL
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,228,340
Cap Rate 7%
$2,305,957
Cap Rate 9%
$1,793,522
Alternative Uses
Best Use
Hotel Hospitality
$2.31M
$2.02M – $2.69M
NOI $161,417 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,681 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62269, IL
36,068
Population
14,616
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
29.8 sq mi
ZIP Area
1,210
Density / Sq Mi
$100,167
Median Household Income
$58,724
Median Earnings
$1,258
Median Rent
$274,200
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Super 8 by Wyndham O'Fallon — 1100 Eastgate Dr, O'Fallon, IL 62269
Frequently Asked Questions
What type of property is this?
Motel - Lucrative hospitality investment opportunity in O'Fallon, Illinois.
Where is this motel located?
The property is located at 1100 Eastgate Dr O Fallon, IL.
What is the asking price?
The asking price for this property is $4,399,900.
What are key features of this property?
This property features: Lucrative investment opportunity: priced at $5,250,000, $52,500 per key, and $196.98 per square foot.; Prime location in O'Fallon, IL.; 100 spacious rooms.
