Days Inn by Wyndham
For Sale
Contact for pricing
3040 5th Avenue South, Fort Dodge, IA 50501
Two-story lodging property with interior corridor access and 67 guest units.
Property Size29,970 SF
Price / SF$76.74
Days on Market141
Property Features for 3040 5th Avenue South
General Information
Standard status
Active
Size
29,970 SF
Property subtype
Hospitality
Zoning
AC
Additional Details
Business Included
Yes
Building Details
Year Built
1984
Year Renovated
2024
Buildings
1
Stories
2
Listing Agency:
BPG Hotels
Listed By:
Andrew Post · License #IN RB20000344
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 4:03PM
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 BPG Hotels
Investment Insights
Based on property information with market context.
The Days Inn by Wyndham in Fort Dodge is a 67-unit hotel arranged across two stories with interior corridor access. The property contains 29,970 square feet and was constructed in 1984. AC zoning is identified for the site.
The hotel is located at 3040 5th Avenue South in Fort Dodge, Iowa. Surrounding demand sources identified for the property include Cargill, CJ Bio America, Iowa Central Community College, and the Harlan Rogers Sports Complex. Fort Frenzy and Gypsum City OHV Park are also located nearby, adding academic, sports, industrial, and recreational context to the lodging asset.
The hotel is located at 3040 5th Avenue South in Fort Dodge, Iowa. Surrounding demand sources identified for the property include Cargill, CJ Bio America, Iowa Central Community College, and the Harlan Rogers Sports Complex. Fort Frenzy and Gypsum City OHV Park are also located nearby, adding academic, sports, industrial, and recreational context to the lodging asset.
Key Highlights
- 67‑unit hotel with a two‑story interior corridor configuration
- 29,970‑square‑foot lodging property
- Built in 1984
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
$124,774
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
5.42%
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%
$2,495,480
$2.5M
Cap Rate 7%
$1,782,486
$1.8M
Cap Rate 9%
$1,386,378
$1.4M
Market Conditions
NOI Build-Up for 29,970 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
$298.5K $9.96/SF
− Vacancy
−$35.8K −$1.20/SF
EGI
$262.7K $8.76/SF
− OpEx
−$137.9K −$4.60/SF
NOI
$124.8K $4.16/SF
Area
Webster County, IA
Vacancy
12.00%
Lease Rate
$9.96 /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%
$2,495,480
Cap Rate 7%
$1,782,486
Cap Rate 9%
$1,386,378
Alternative Uses
Best Use
Hotel Hospitality
$1.78M
$1.56M – $2.08M
NOI $124,774 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.40M
$4.73M – $6.30M
NOI $378,054 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 50501, IA
28,492
Population
13,198
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
92%
High-School Grad
152.2 sq mi
ZIP Area
187
Density / Sq Mi
$66,130
Median Household Income
$36,934
Median Earnings
$779
Median Rent
$139,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story lodging property with interior corridor access and 67 guest units.
Where is this hotel located?
The property is located at 3040 5th Avenue South Fort Dodge, IA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 67‑unit hotel with a two‑story interior corridor configuration; 29,970‑square‑foot lodging property; Built in 1984
