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 Market54
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: Oct 25
Last Checked: Oct 26 at 4:15PM
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
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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 / Yr
$94,501
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
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
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 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.
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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
