Super 8 Motel with Recent
For Sale
$1,950,000
1203 S 12th St, Clarinda, IA 51632
Renovated hospitality property positioned at the junction of two designated routes.
Property SizeContact for details
Days on Market156
Property Features for 1203 S 12th St
General Information
Standard status
Active
Property subtype
Hotel-Motel
Amenities
Offered at a Strong 12.0 Percent Cap Rate and Attractive 2.7x Room Revenue Multiplier-Compelling Yield Metrics Rarely Available in Today's Midwest Hospitality Market
Current Remote Ownership Creates Meaningful Upside for a More Hands-On Operator to Improve Efficiencies, Enhance Oversight, and Increase Profitability
Well-Maintained 40-Room Economy Hotel Offering Stable In-Place Cash Flow with Immediate Income and Long-Term Value Creation Potential
Minimal Anticipated PIP Requirements Provide a Low Near-Term Capital Burden and Accessible Entry Point for First-Time or Regional Operators
Indoor Pool and Whirlpool Differentiate the Hotel from Local Competitors, Supporting Leisure Demand and Broader Guest Appeal
Positioned Directly off Clarinda's Primary East-West Highway with Excellent Visibility, Easy Access, Ample Parking, and Strong Passing Traffic Exposure
Diverse Year-Round Demand Drivers Include Healthcare, Education, Agriculture, Business Travel, and Seasonal Tourism Supporting Consistent Occupancy
Located Within Approximately Two Hours of Des Moines, Omaha, and Kansas City, Providing Convenient Regional Accessibility and Broader Traveler Reach
Building Details
Year Built
1999
Listed By:
Jon Ruzicka · License #License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724
(952) 852-9767
Source:
Marcusmillichap
Added: Apr 11
Changed: Sep 5
Last Checked: Sep 13 at 4:16AM
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 Jon Ruzicka
Investment Insights
Based on property information with market context.
The Super 8 of Clarinda is a motel property that has undergone recent renovations. The improvements may support a limited property improvement plan for an incoming buyer.
The property sits at the intersection of Route 71 and Highway 2 in Clarinda, Iowa. The market draws demand from industrial, education, and manufacturing activity. Clarinda is approximately two hours from Omaha, Lincoln, and Des Moines, providing access to three regional Iowa and Nebraska markets.
The property sits at the intersection of Route 71 and Highway 2 in Clarinda, Iowa. The market draws demand from industrial, education, and manufacturing activity. Clarinda is approximately two hours from Omaha, Lincoln, and Des Moines, providing access to three regional Iowa and Nebraska markets.
Key Highlights
- Super 8 motel in Clarinda, Iowa
- Recent renovations completed
- Located at the intersection of Route 71 and Highway 2
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 51632, IA
7,024
Population
2,818
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
92%
High-School Grad
211.2 sq mi
ZIP Area
33
Density / Sq Mi
$54,758
Median Household Income
$39,710
Median Earnings
$664
Median Rent
$135,200
Median Home Value
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Similar Off Market Nearby
- Cobblestone Inn & Suites - Clarinda — 105 Essie Davison Dr, Clarinda, IA 51632
- Celebrity Inn Clarinda — 1323 S 16th St, Clarinda, IA 51632
- Cardinal Rentals LLC. — 315 E Laperla Dr, Clarinda, IA 51632
- Super 8 by Wyndham Clarinda — 1203 S 12th St, Clarinda, IA 51632
- Wibholm Hall — 200 S 6th St, Clarinda, IA 51632
Frequently Asked Questions
What type of property is this?
Motel - Renovated hospitality property positioned at the junction of two designated routes.
Where is this motel located?
The property is located at 1203 S 12th St Clarinda, IA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Super 8 motel in Clarinda, Iowa; Recent renovations completed; Located at the intersection of Route 71 and Highway 2
