49-Key Interior Corridor
For Sale
Contact for pricing
40 New Garver Rd., Monroe, OH 45050
Baymont by Wyndham Monroe offers 49 keys in an interior corridor configuration and recently renovated under the Wyndham PIP.
Property Size21,116 SF
Price / SF$142.07
Days on Market101
Property Features for 40 New Garver Rd.
General Information
Standard status
Active
Size
21,116 SF
Property subtype
Hospitality
Zoning
N/Av, Monroe
Investment Type
Value Add
Additional Details
Highway Access
Yes
Building Details
Year Built
1993
Year Renovated
2024
Buildings
1
Stories
2
Units
49
Listing Agency:
T S Hotel Advisors, Inc.
Listed By:
Vijay Hira · License #02242534
Source:
Crexi
Added: Jul 15
Changed: Oct 21
Last Checked: Oct 20 at 6:37PM
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 T S Hotel Advisors, Inc.
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Investment Insights
Based on property information with market context.
Baymont by Wyndham Monroe Ohio is a 49-key hotel featuring an interior corridor layout. The property has been recently renovated with a completed Wyndham PIP.
The hotel is located directly off Interstate 75 between Cincinnati and Dayton, providing straightforward access for regional travel.
This is presented as a turnkey offering for investors, with the provided remarks citing room for growth in occupancy, ADR, and profitability.
The hotel is located directly off Interstate 75 between Cincinnati and Dayton, providing straightforward access for regional travel.
This is presented as a turnkey offering for investors, with the provided remarks citing room for growth in occupancy, ADR, and profitability.
Key Highlights
- 49‑key Baymont by Wyndham Monroe hotel in an interior corridor configuration
- Built in 1993
- Directly located off Interstate 75 between Cincinnati and Dayton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,768
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,455,360
$2.5M
Cap Rate 7%
$1,753,829
$1.8M
Cap Rate 9%
$1,364,089
$1.4M
Market Conditions
NOI Build-Up for 21,116 SF
Gross rent
$304.1K $14.40/SF
− Vacancy
−$45.6K −$2.16/SF
EGI
$258.5K $12.24/SF
− OpEx
−$135.7K −$6.43/SF
NOI
$122.8K $5.81/SF
Area
Butler County, OH
Vacancy
15.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,455,360
Cap Rate 7%
$1,753,829
Cap Rate 9%
$1,364,089
Alternative Uses
Best Use
Hotel Hospitality
$1.75M
$1.53M – $2.05M
NOI $122,768 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.65M – $4.87M
NOI $292,254 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 45050, OH
12,173
Population
4,395
Households
2.8
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
1,449
Density / Sq Mi
$104,519
Median Household Income
$53,785
Median Earnings
$1,519
Median Rent
$273,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Baymont by Wyndham Monroe offers 49 keys in an interior corridor configuration and recently renovated under the Wyndham PIP.
Where is this hotel located?
The property is located at 40 New Garver Rd. Monroe, OH.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 49‑key Baymont by Wyndham Monroe hotel in an interior corridor configuration; Built in 1993; Directly located off Interstate 75 between Cincinnati and Dayton
