49-Key Interior Corridor
40 New Garver Rd. Monroe, OH 45050
40 New Garver Rd., Monroe, OH, 45050
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For Sale
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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$151.54
Days on Market9
Property Features for 40 New Garver Rd.
General Information
- Standard status
- Active
- Size
- 21,116 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1993
Listing agency
T S Hotel Advisors, Inc.
Listed by
Vijay Hira · License #02242534
Source
Crexi
Added: Jul 15 Updated: Jul 22 at 1:55PM Checked: Jul 22 at 1:55PM
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.
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
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.1k | $14.40 |
| − Vacancy | −$45.6k | −$2.16 |
| EGI | $258.5k | $12.24 |
| − OpEx | −$135.7k | −$6.43 |
| NOI | $122.8k | $5.81 |
21,116 SF · lease $14.40/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.75M
$1.53M – $2.05M
NOI $122,768 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.65M – $4.87M
NOI $292,254 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 $3,200,000.
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
