Quality Inn & Suites
For Sale
Contact for pricing
3537 W Broadway, Council Bluffs, IA 51501
Two-story interior-corridor hotel with an indoor pool, meeting space, and access to the I-480 and I-29 interchange.
Property Size21,796 SF
Price / SF$214.49
Days on Market252
Property Features for 3537 W Broadway
General Information
Standard status
Active
Size
21,796 SF
Property subtype
Hospitality
Zoning
C-2
Building Details
Year Built
1963
Stories
2
Listing Agency:
BPG Hotels
Listed By:
Andrew Post · License #CA 01960611
Source:
Crexi
Added: Feb 9
Changed: Oct 16
Last Checked: Oct 19 at 4:22AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Quality Inn & Suites is a two-story, interior-corridor hotel comprising 21,796 square feet. Built in 1963, the property includes an indoor pool and meeting space, along with the operational format associated with a branded lodging asset. C-2 zoning is in place.
The hotel is located at 3537 W Broadway in Council Bluffs, Iowa, near the I-480 and I-29 interchange. Its setting provides direct access to two interstate routes and places the property near casinos, event centers, and healthcare institutions. The combination of guest accommodations, recreational amenities, and meeting facilities supports a range of lodging and group-use functions within the existing hotel configuration.
The hotel is located at 3537 W Broadway in Council Bluffs, Iowa, near the I-480 and I-29 interchange. Its setting provides direct access to two interstate routes and places the property near casinos, event centers, and healthcare institutions. The combination of guest accommodations, recreational amenities, and meeting facilities supports a range of lodging and group-use functions within the existing hotel configuration.
Key Highlights
- 21,796‑square‑foot Quality Inn & Suites hotel
- Two‑story building with an interior‑corridor layout
- Indoor pool and meeting space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,002
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,640,040
$2.6M
Cap Rate 7%
$1,885,743
$1.9M
Cap Rate 9%
$1,466,689
$1.5M
Market Conditions
NOI Build-Up for 21,796 SF
Gross rent
$326.9K $15.00/SF
− Vacancy
−$49.0K −$2.25/SF
EGI
$277.9K $12.75/SF
− OpEx
−$145.9K −$6.69/SF
NOI
$132.0K $6.06/SF
Area
Pottawattamie County, IA
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 Rate 5%
$2,640,040
Cap Rate 7%
$1,885,743
Cap Rate 9%
$1,466,689
Alternative Uses
Best Use
Hotel Hospitality
$1.89M
$1.65M – $2.20M
NOI $132,002 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.16M
$3.64M – $4.86M
NOI $291,381 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 51501, IA
34,906
Population
15,217
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
86%
High-School Grad
23.9 sq mi
ZIP Area
1,461
Density / Sq Mi
$59,314
Median Household Income
$40,229
Median Earnings
$997
Median Rent
$140,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Hotel - Two-story interior-corridor hotel with an indoor pool, meeting space, and access to the I-480 and I-29 interchange.
Where is this hotel located?
The property is located at 3537 W Broadway Council Bluffs, IA.
What is the asking price?
The asking price for this property is $4,675,000.
What are key features of this property?
This property features: 21,796‑square‑foot Quality Inn & Suites hotel; Two‑story building with an interior‑corridor layout; Indoor pool and meeting space included
