Hotel Complex with Conference
For Sale
$7,900,000
90 NE Twixt Town Rd, Cedar Rapids, IA 52402
Lodging property with apartment suites, dining, event, and recreation facilities.
Property Size45,000 SF
Price / SF$175.56
Days on Market340
Property Features for 90 NE Twixt Town Rd
General Information
Standard status
Active
Size
45,000 SF
Property subtype
Commercial
Zoning
Commercial
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$148,444
Amenities
Conference & Banquet Center
Meeting Rooms
Health Club
Indoor Pool
Maintenance Shop
Carpet,Vinyl
4.6 Acres
4.6
CountyRoad,Paved
Building Details
Year Built
1969
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
(641) 781-0867
Listed By:
Lisa Coots-Schooley
(641) 781-0867
Source:
Pinnaclerealtyia
Added: Sep 25, 2025
Changed: Aug 30
Last Checked: Jul 8 at 2:39PM
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 Cushman & Wakefield Iowa Commercial Advisors
Investment Insights
Based on property information with market context.
This 45,000-square-foot hotel complex, built in 1969, includes 106 guest rooms and six two-bedroom apartment suites. The property also contains a restaurant currently leased through August 2026, a conference and banquet center with additional meeting rooms, a health club with equipment, an indoor pool, and a maintenance shop.
The improvements occupy 4.6 acres at 90 Twixt Town Road NE in Cedar Rapids, Iowa. Commercial zoning is identified for the property, with public access and off-street parking among the exterior features. An additional seven acres of adjacent land may also be available as part of a package.
The improvements occupy 4.6 acres at 90 Twixt Town Road NE in Cedar Rapids, Iowa. Commercial zoning is identified for the property, with public access and off-street parking among the exterior features. An additional seven acres of adjacent land may also be available as part of a package.
Key Highlights
- 106‑room hotel with six two‑bedroom apartment suites
- 45,000‑square‑foot property on 4.6 acres
- Restaurant lease currently runs through August 2026
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
$455,906
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
5.77%
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%
$9,118,120
$9.1M
Cap Rate 7%
$6,512,943
$6.5M
Cap Rate 9%
$5,065,622
$5.1M
Market Conditions
NOI Build-Up for 45,000 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
$658.8K $14.64/SF
− Vacancy
−$50.9K −$1.13/SF
EGI
$607.9K $13.51/SF
− OpEx
−$152.0K −$3.38/SF
NOI
$455.9K $10.13/SF
Area
Cedar Rapids, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
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%
$9,118,120
Cap Rate 7%
$6,512,943
Cap Rate 9%
$5,065,622
Alternative Uses
Best Use
Specialty Retail
$6.51M
$5.70M – $7.60M
NOI $455,906 @ 7.0% cap · market cap 5.77%
Second Best
Hotel Hospitality
$1.24M
$1.08M – $1.44M
NOI $86,569 @ 7.0% cap · market cap 1.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Lodging property with apartment suites, dining, event, and recreation facilities.
Where is this hotel located?
The property is located at 90 NE Twixt Town Rd Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 106‑room hotel with six two‑bedroom apartment suites; 45,000‑square‑foot property on 4.6 acres; Restaurant lease currently runs through August 2026
