4444 Czech NE Ln, Cedar Rapids, IA 52402-2338
- Hotels
- 58,688 SF
- 2.36 lot acres
Current Use by Public Records
- Staybridge Suites Cedar Rapids North, an IHG Hotel / Hotel & Motel
Property Details for 4444 Czech NE Ln
- Year built
- 2001
- Lot size
- 2.36 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 14-04-3-76-001-0-0000
- APU
- 140437600100000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 14, 2025 | $4,450,000 | Sai Dream LLC | Shreeji Om Group LLC | Special Warranty Deed | $3.8M · Grinnell State Bank |
| Mar 19, 2020 | — | Shreeji Om Group LLC | Black Hawk Economic Dev INC | Quit Claim Deed · related | — |
| Oct 28, 2019 | — | Shreeji Om Group LLC | — | Trustees Deed · related | $5.3M · First Nat'l Bk/omaha |
| Jun 1, 2016 | — | Shreeji Om Group LLC | — | Deed · related | $491k · Bank Iowa |
| Nov 19, 2009 | $3,950,000 | Shreeji Om Group LLC | Hotel Cedar Rapids LLC | Deed Of Trust · related | $2.6M · Bank Iowa |
| Oct 29, 2008 | — | Hotel Cedar Rapids Hs LLC | Cedar Rapids Reh LLC | Quit Claim Deed · related | — |
| — | — | Shreeji Om Group LLC | — | Deed Of Trust · related | $1.5M · Black Hawk Economic Dev INC |
| — | — | Shreeji Om Group LLC | — | Deed Of Trust · related | $491k · Bank Iowa |
Description
This exceptional 82-key Staybridge Suites hotel in Cedar Rapids, Iowa presents a lucrative investment opportunity. Boasting 58,688 square feet across four stories, this 2001-built property sits on a 2.36-acre lot zoned for commercial use. The hotel features a paved parking lot with 82 spaces, ensuring ample guest parking. Financial highlights include a projected 2024 revenue of $2,650,000 and an occupancy rate of 81.71%. The property's strong performance is further evidenced by a 2023 revenue of $2,653,000 and a reported average daily rate (ADR) of $115.01. Real estate taxes for 2023 totaled $159,155. The asking price is $10,000,000, translating to $170.39 per square foot and $121,951.22 per room. This well-maintained hotel offers a compelling return on investment, with key financial metrics including a projected cap rate of 11%, a gross rent multiplier (GRM) of 3.76x, and a revenue per available room (RevPAR) of $96.32. Located at 4444 Czech Ln NE, Cedar Rapids, IA 52402, this property is ideally situated within Linn County. The property's strong operational history and prime location make it an attractive asset for discerning investors.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,880,000
- 6.5%
- $1,735,000
- 7%
- $1,615,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,733,000
Market price range: $705k - $2.31M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,440,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6685
- Latitude
- 42.0248
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
