Microtel Inn & Suites
For Sale
Contact for pricing
2505 Fairfield St, Lincoln, NE 68521
Three-story lodging property with guest rooms, breakfast facilities, and an indoor pool.
Property Size18,840 SF
Lot Size0.86 Acres
Price / SF$153.93
Days on Market8
Property Features for 2505 Fairfield St
General Information
Standard status
Active
Size
18,840 SF
Lot size
0.86 Acres
Property subtype
Hospitality
Zoning
I1
Additional Details
Asking Price
$2,899,999
Amenities
modern guest rooms
breakfast area
indoor pool
common areas
Building Details
Year Built
1997
Stories
3
Listing Agency:
Century 21 Allstars
Listed By:
Silvestre Madrigal Jr. · License #01363650
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 11 at 4:21AM
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.
Microtel Inn & Suites by Wyndham Lincoln is a 48-room hotel spanning 18,840 square feet within a three-story building. Constructed in 1997, the property includes guest rooms, a breakfast area, indoor pool, and shared common spaces. The hotel occupies 0.86 acres and is designated I1. Located at 2505 Fairfield St in Lincoln, Nebraska, the asset offers an established hospitality configuration with guest accommodations and on-site amenities.
Key Highlights
- 48‑room hotel property
- 18,840 square feet of building space
- Three‑story building constructed in 1997
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
$94,501
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
3.26%
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%
$1,890,020
$1.9M
Cap Rate 7%
$1,350,014
$1.4M
Cap Rate 9%
$1,050,011
$1.1M
Market Conditions
NOI Build-Up for 18,840 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
$226.1K $12.00/SF
− Vacancy
−$27.1K −$1.44/SF
EGI
$199.0K $10.56/SF
− OpEx
−$104.4K −$5.54/SF
NOI
$94.5K $5.02/SF
Area
Lincoln, NE
Vacancy
12.00%
Lease Rate
$12.00 /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%
$1,890,020
Cap Rate 7%
$1,350,014
Cap Rate 9%
$1,050,011
Alternative Uses
Best Use
Hotel Hospitality
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,312 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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Business Placement
Demographics for 68521, NE
37,251
Population
15,657
Households
2.4
Avg Household Size
31
Median Age
32%
College-Educated
88%
High-School Grad
13.2 sq mi
ZIP Area
2,822
Density / Sq Mi
$66,902
Median Household Income
$38,755
Median Earnings
$1,196
Median Rent
$235,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story lodging property with guest rooms, breakfast facilities, and an indoor pool.
Where is this hotel located?
The property is located at 2505 Fairfield St Lincoln, NE.
What is the asking price?
The asking price for this property is $2,899,999.
What are key features of this property?
This property features: 48‑room hotel property; 18,840 square feet of building space; Three‑story building constructed in 1997
