Branded 60-Room
For Sale
Contact for pricing
2721 69th Avenue Court, Moline, IL 61265
Three-story hospitality property near Moline Airport with on-site parking and a 2010 renovation.
Property Size41,244 SF
Lot Size1.19 Acres
Price / SF$106.68
Days on Market16
Property Features for 2721 69th Avenue Court
General Information
Standard status
Active
Size
41,244 SF
Total Parking Spaces
60
Lot size
1.19 Acres
Property subtype
Hospitality
Zoning
MOL
Additional Details
Asking Price
$4,399,999
Building Details
Year Built
2000
Year Renovated
2010
Stories
3
Listing Agency:
Century 21 Allstars
Listed By:
Silvestre Madrigal Jr. · License #01363650
Source:
Crexi
Added: Jul 30
Changed: Aug 12
Last Checked: Aug 13 at 1:26PM
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.
This three-story hotel contains 60 guest rooms within approximately 41,244 square feet on 1.19 acres. The property includes a lobby, guest accommodations, and 60 parking spaces, and it carries the Country Inn & Suites by Radisson brand. A renovation was completed in 2010.
Located at 2721 69th Avenue Court in Moline, Illinois, the hotel is positioned near Moline Airport and serves as a hospitality property in the greater Moline market. The site is identified with MOL zoning and offers a branded lodging format with established physical improvements.
Located at 2721 69th Avenue Court in Moline, Illinois, the hotel is positioned near Moline Airport and serves as a hospitality property in the greater Moline market. The site is identified with MOL zoning and offers a branded lodging format with established physical improvements.
Key Highlights
- 60‑room Country Inn & Suites by Radisson hotel
- Approximately 41,244 square feet on 1.19 acres
- Three‑story property renovated in 2010
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
$249,784
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
5.68%
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%
$4,995,680
$5.0M
Cap Rate 7%
$3,568,343
$3.6M
Cap Rate 9%
$2,775,378
$2.8M
Market Conditions
NOI Build-Up for 41,244 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
$618.7K $15.00/SF
− Vacancy
−$92.8K −$2.25/SF
EGI
$525.9K $12.75/SF
− OpEx
−$276.1K −$6.69/SF
NOI
$249.8K $6.06/SF
Area
Rock Island 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%
$4,995,680
Cap Rate 7%
$3,568,343
Cap Rate 9%
$2,775,378
Alternative Uses
Best Use
Hotel Hospitality
$3.57M
$3.12M – $4.16M
NOI $249,784 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$7.02M
$6.15M – $8.19M
NOI $491,686 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 61265, IL
44,342
Population
20,396
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
89%
High-School Grad
19.2 sq mi
ZIP Area
2,309
Density / Sq Mi
$63,910
Median Household Income
$38,960
Median Earnings
$890
Median Rent
$142,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story hospitality property near Moline Airport with on-site parking and a 2010 renovation.
Where is this hotel located?
The property is located at 2721 69th Avenue Court Moline, IL.
What is the asking price?
The asking price for this property is $4,399,999.
What are key features of this property?
This property features: 60‑room Country Inn & Suites by Radisson hotel; Approximately 41,244 square feet on 1.19 acres; Three‑story property renovated in 2010
