Two-Story Red Roof
5020 NE 14th Street Des Moines, IA 50313
5020 NE 14th Street, Des Moines, IA, 50313
$3,710,000
For Sale
$3,710,000
Well-maintained 57-room hotel with private bathrooms, dual access, and 52 on-site parking spaces.
Property Size24,004 SF
Price / SF$154.56
Days on Market234
Property Features for 5020 NE 14th Street
General Information
- Standard status
- Active
- Size
- 24,004 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing agency
Keller Williams Realty GDM
(386) 843-4265
Listed by
Matthew Fischer
(386) 843-4265
Source
Xome
Added: Nov 29, 2025 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 3:12AM
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 Keller Williams Realty GDM
Investment Insights
Based on property information with market context.
This well-maintained two-story Red Roof Inn offers 57 guest rooms, including a mix of king suites, queen rooms, and double-bed rooms. Each room features a private bathroom. The property’s layout provides dual interior and exterior room access, supporting convenient movement for both guests and operations.
On-site amenities include a welcoming lobby with a check-in area, a dedicated breakfast area, a private restroom, and a security room with webcam monitoring. The hotel sits on a spacious lot with 52 on-site parking spaces, helping accommodate guest arrivals and day-to-day access.
The property includes updated improvements completed in 2019 and is presented as a solid hospitality investment or operating opportunity based on its efficient, varied room mix and essential guest amenity offering.
On-site amenities include a welcoming lobby with a check-in area, a dedicated breakfast area, a private restroom, and a security room with webcam monitoring. The hotel sits on a spacious lot with 52 on-site parking spaces, helping accommodate guest arrivals and day-to-day access.
The property includes updated improvements completed in 2019 and is presented as a solid hospitality investment or operating opportunity based on its efficient, varied room mix and essential guest amenity offering.
Key Highlights
- Well‑maintained 57‑room Red Roof Inn (two‑story) with private bathrooms in all rooms
- Room mix includes king suites, queen rooms, and double‑bed rooms
- Dual interior and exterior room access for guest convenience and operational flow
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 | $432.1k | $18.00 |
| − Vacancy | −$51.8k | −$2.16 |
| EGI | $380.2k | $15.84 |
| − OpEx | −$199.6k | −$8.32 |
| NOI | $180.6k | $7.52 |
24,004 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.58M
$2.26M – $3.01M
NOI $180,606 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.91M
$5.17M – $6.90M
NOI $413,821 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Red Roof Inn ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Well-maintained 57-room hotel with private bathrooms, dual access, and 52 on-site parking spaces.
Where is this hotel located?
The property is located at 5020 NE 14th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $3,710,000.
What are key features of this property?
This property features: Well‑maintained 57‑room Red Roof Inn (two‑story) with private bathrooms in all rooms; Room mix includes king suites, queen rooms, and double‑bed rooms; Dual interior and exterior room access for guest convenience and operational flow
