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    Well-Maintained Motel Near Interstate 80 Title is generated by Realmo AI

    203 SW 7th St, Stuart, IA 50250

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    Independent 20-room motel renovated in 2014 with upside potential.

    Type:Hospitality
    Added:
    Apr 24, 2026
    Days on Market:
    43
    Last Refresh:
    Apr 24 at 5:31 pm

    Property Features for 203 SW 7th St

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Chase Keller, CCIM
    Chase Keller, CCIM

    Listing agent Chase Keller, CCIM License #B63136000

    Listing office CHASE. Collective

    Listing date Apr 24, 2026

    Source Crexi

    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 CHASE. Collective

    HighLights

    • Completely renovated in 2014 with new roof, plumbing, windows, bathrooms, HVAC, and fire alarm system.
    • Located off Interstate 80 between Des Moines and Omaha with high traffic volume (28,000 vehicles per day).
    • Proximity to a large Casey’s Truck Stop and a planned mega truck stop, ensuring consistent customer flow and future demand.
    • Ample parking with 44 spaces suitable for cars, trucks, and larger vehicles.
    • Opportunity to increase revenue by converting storage space into laundry facilities, vending, or a breakfast/lounge area.
    • Efficiently managed with low operating costs (one full‑time and one part‑time employee).

    Overview

    The Stuart Motor Lodge is an independent roadside motel featuring 20 guestrooms, consisting of 10 single-bed rooms, 10 double-bed rooms, and one handicap-accessible unit. A surface lot with 44 spaces provides parking for cars, trucks, and larger vehicles. The property was completely renovated in 2014, including a new roof, plumbing, windows, bathrooms, HVAC systems, and fire alarm system. Cosmetic updates have been completed since the renovation. The motel includes a large lobby and office area. It is managed by one full-time and one part-time employee. Unused storage space presents an opportunity to add laundry facilities, vending, or a breakfast/lounge area. The motel has a loyal customer base of repeat travelers, truck drivers, and construction crews. Located off Interstate 80, between Des Moines and Omaha, the property benefits from high traffic volume of over 28,000 vehicles per day. Positioned at the corner of Division Street and SW 7th Street, the motel is located directly across from a large Casey’s Truck Stop. A large planned truck stop, expected to be among the largest in the Midwest, is under development blocks away. Guests have immediate access to downtown Stuart and amenities including McDonald’s, Subway, Kum & Go, Wright Pharmacy, Hometown Foods, and Karl Chevrolet. There are only two competing lodging options nearby.
    Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stuart Value Inn — 203 SE 7th St, Stuart, IA 50250
    • Stuart Motor Lodge — 203 SW 7th St, Stuart, IA 50250
    • Economy Inn — 1216 S Division St, Stuart, IA 50250
    • Motel 6 Stuart, IA — 203 SE 7th St, Stuart, IA 50250
    • AmericInn by Wyndham Stuart — 420 SW 8th St, Stuart, IA 50250

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Guthrie
    State
    Iowa
    Longitude
    -94.322104
    Latitude
    41.496744

    Nearby Similar for Sale

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      Historic Hotel Stuart For Sale

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    FAQs

    What type of property is this?
    Motel - Independent 20-room motel renovated in 2014 with upside potential.
    Where is this motel located?
    The property is located at 203 SW 7th St Stuart, IA.
    What are key features of this property?
    This property features: Completely renovated in 2014 with new roof, plumbing, windows, bathrooms, HVAC, and fire alarm system.; Located off Interstate 80 between Des Moines and Omaha with high traffic volume (28,000 vehicles per day).; Proximity to a large Casey’s Truck Stop and a planned mega truck stop, ensuring consistent customer flow and future demand.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Keller, CCIM
    Chase Keller, CCIM
    Real Estate License ID: B63136000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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