Wyndham-Flagged
For Sale
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3005 John Howell Drive, Valparaiso, IN 46383
Economy-class lodging property with 58 keys and an established six-year operating record.
Property Size25,519 SF
Price / SF$156.75
Days on Market125
Property Features for 3005 John Howell Drive
General Information
Standard status
Active
Size
25,519 SF
Class
D
Property subtype
Hospitality
Occupancy
69%
Investment Type
Stabilized
Building Details
Year Built
1997
Year Renovated
2025
Stories
2
Tenancy
Single
Listing Agency:
EXP Commercial
Listed By:
John Mathewson · License #INDIANA | RB14051634
Source:
Crexi
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
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 EXP Commercial
Investment Insights
Based on property information with market context.
Built in 1997, this 25,519-square-foot hotel contains 58 rentable rooms and operates under the Wyndham flag. The economy-class property has recorded six years of operating performance, including TTM occupancy of 69.5% through March 2026. Q1 2026 rentable-room occupancy reached 74.2%, compared with 56.6% in Q1 2025.
The hotel is located at 3005 John Howell Drive in Valparaiso, Indiana, along the US-30 corridor. Its competitive performance includes a R12M RevPAR Index of 176.3, with results exceeding the comparable set across occupancy, ADR, and RevPAR. The property’s 2026 operating figures indicate continued improvement in room occupancy compared with the prior-year period.
The hotel is located at 3005 John Howell Drive in Valparaiso, Indiana, along the US-30 corridor. Its competitive performance includes a R12M RevPAR Index of 176.3, with results exceeding the comparable set across occupancy, ADR, and RevPAR. The property’s 2026 operating figures indicate continued improvement in room occupancy compared with the prior-year period.
Key Highlights
- 58‑key Wyndham‑flagged economy‑class hotel
- 25,519‑square‑foot hotel built in 1997
- TTM occupancy of 69.5% through March 2026
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
$162,681
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
4.07%
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%
$3,253,620
$3.3M
Cap Rate 7%
$2,324,014
$2.3M
Cap Rate 9%
$1,807,567
$1.8M
Market Conditions
NOI Build-Up for 25,519 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
$367.5K $14.40/SF
− Vacancy
−$25.0K −$0.98/SF
EGI
$342.5K $13.42/SF
− OpEx
−$179.8K −$7.05/SF
NOI
$162.7K $6.37/SF
Area
Porter County, IN
Vacancy
6.80%
Lease Rate
$14.40 /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%
$3,253,620
Cap Rate 7%
$2,324,014
Cap Rate 9%
$1,807,567
Alternative Uses
Best Use
Hotel Hospitality
$2.32M
$2.03M – $2.71M
NOI $162,681 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.67M
$8.46M – $11.28M
NOI $677,033 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 46383, IN
41,981
Population
18,343
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
87.5 sq mi
ZIP Area
480
Density / Sq Mi
$75,575
Median Household Income
$43,065
Median Earnings
$1,144
Median Rent
$258,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Economy-class lodging property with 58 keys and an established six-year operating record.
Where is this hotel located?
The property is located at 3005 John Howell Drive Valparaiso, IN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 58‑key Wyndham‑flagged economy‑class hotel; 25,519‑square‑foot hotel built in 1997; TTM occupancy of 69.5% through March 2026
