Historic Hotel Stuart
203 Front St Stuart, IA 50250
For Sale
Contact for pricing
Renovated historic hotel with retail and apartment units.
Property Size5,130 SF
Price / SF$170.57
Days on Market1003
Property Features for 203 Front St
General Information
Standard status
Active
Size
5,130 SF
Property subtype
Retail, Mixed Use
Building Details
Year Built
1900
Listing Agency:
NAI Iowa Realty Commercial - Des Moines
(515) 975-9600
Listed By:
Chris Fultz · License #IA #B61913000
Source:
Crexi
Added: Oct 31, 2023
Changed: Jul 10
Last Checked: Jul 28 at 1:22PM
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 NAI Iowa Realty Commercial - Des Moines
Investment Insights
Based on property information with market context.
The historic Hotel Stuart has been renovated, offering modern amenities and accommodations in a historic setting. The hotel has been a landmark in the community for over a century. The recent renovation has preserved much of the hotel's original character and charm, while adding modern amenities such as new HVAC, electrical, and plumbing systems, as well as guest rooms and suites. The current configuration offers a variety of uses, with 2 first floor retail units and 5 apartment units of various sizes. The property is located off I80, 30 minutes from West Des Moines. The property size is 5130 square feet.
Key Highlights
- Lovingly renovated historic hotel with modern amenities.
- Mix of retail units and apartment units offers versatile use.
- Completely updated with new HVAC, electrical, and plumbing systems.
Financial Insights For Mixed Use
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 | $120.0k | $23.40 |
| − Vacancy | −$10.8k | −$2.11 |
| EGI | $109.2k | $21.29 |
| − OpEx | −$41.0k | −$7.99 |
| NOI | $68.3k | $13.31 |
5,130 SF · lease $23.40/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$975.3K
$853.4K – $1.14M
NOI $68,274 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$942.6K
$824.8K – $1.10M
NOI $65,982 @ 7.0% cap · market cap 7.54%
Theoretical Best
Flex RnD
$4.94M
$4.32M – $5.76M
NOI $345,680 @ 7.0% cap · market cap 39.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated historic hotel with retail and apartment units.
Where is this mixed-use property located?
The property is located at 203 Front St Stuart, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Lovingly renovated historic hotel with modern amenities.; Mix of retail units and apartment units offers versatile use.; **Completely updated with new HVAC, electrical, and plumbing systems.**
