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    OFF-MARKET
    Hospitality properties

    120 Cathy St, Fremont, NE 68025

    Built 1999
    Property ID
    Property summary
    AI-generated overview

    This three-story, 68-key Rodeway Inn, built in 1999 and renovated in 2019, presents a compelling investment opportunity in Fremont, Nebraska. Located at 120 Cathy St, Fremont, NE 68025, this single-building hotel boasts oversized rooms and business suites, all equipped with microwaves, mini-fridges, and coffee makers. The property features a new roof (2019), newer exterior paint (2020), and ample parking for trucks and buses. The hotel is entirely non-smoking. Fremont, a city of approximately 28,000 residents, offers a strong local economy driven by manufacturing, agriculture, food processing, healthcare, transportation, and education. Major employers include Valmont Industries, Wholestone Farms, and Lincoln Premium Poultry (COSTCO), along with Midland University (nearly 2,000 students, faculty, and staff) and Fremont Methodist Health Center (a regional hospital with over 1,000 employees). The hotel's proximity to Omaha (approximately 30 minutes to downtown and the new Eppley International Airport) provides additional market access. This absentee-owned property offers significant upside potential with the implementation of a focused marketing plan and operational improvements. The existing Rodeway Inn flag is available, along with other branding options. The asking price is $2,300,000.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1999
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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