4685 14th St, Des Moines, IA 50313-2009
- Hotels
- 40,104 SF
- 4.00 lot acres
Current Use by Public Records
- Baymont by Wyndham Des Moines North / Hotel & Motel
- The Bella Room - Event Hall: Baymont Inn & Suite / Hotel & Motel / Resort
- Super 8 by Wyndham Des Moines / Hotel & Motel
Property Details for 4685 14th St
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 4.00 lot acres
- Zone code
- HI
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 270/01343-106-002
- APU
- 27001343106002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2022 | $4,550,000 | Relianse Iowa LLC | Serenity Hospitailty LLC | Warranty Deed | $3.6M · Midwestone Bank |
| Jan 25, 2017 | — | Serenity Hospitality LLC | — | Deed · related | $1.3M · Miscellaneous Govt Agcy |
| — | — | Young B Kim | — | Deed Of Trust · related | $200k · Frontier Leasing Corp |
| — | — | Jane L Kim | — | Deed Of Trust · related | $2M · Grinnell State Bank |
| — | — | Serenity Hospitality LLC | — | Deed Of Trust · related | $1.3M · Miscellaneous Govt Agcy |
Description
This dual-branded Baymont & Super 8 hotel in Des Moines, Iowa presents a compelling investment opportunity. The property, located at 4685 NE 14th St, boasts 73,897 square feet across two stories, situated on a 2-acre lot (APN 270-01343106002). Built in 1969 and renovated in 2014, the hotel features 139 keys. The asking price is $4,800,000, representing a price per square foot of $64.96. The property's current performance is below market potential, offering a significant opportunity for an owner-operator to increase revenue through strategic rate management. Its prime location, just 11 miles from Des Moines International Airport and near major city attractions, coupled with its proximity to Interstates 35 and 80, ensures high visibility and accessibility. This represents a chance to acquire a well-located hotel in a thriving market with significant upside potential. The property's recent price reduction of $450,000 makes this an even more attractive investment. The absentee ownership structure further highlights the potential for improved operational efficiency and profitability. This is an exceptional opportunity for an investor seeking a value-add hotel investment in a strong Des Moines location. The property is located in Polk County, Iowa, zip code 50313.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,110,000
- ML approach
- $3,925,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,030,000
- 6.5%
- $4,640,000
- 7%
- $4,310,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,924,000
Market price range: $1.58M - $4.11M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,915,000 Current use
- AUTO REPAIR, GARAGE
- $6,905,000 Change: +137% Conversion: Difficult
- MEDICAL BUILDING
- $6,675,000 Change: +129% Conversion: Difficult
- RESTAURANT
- $6,190,000 Change: +112% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $5,905,000 Change: +103% Conversion: Difficult
- RETAIL STORES
- $4,660,000 Change: +60% Conversion: Difficult
- WAREHOUSE, STORAGE
- $4,345,000 Change: +49% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,160,000 Change: +43% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.5994
- Latitude
- 41.6455
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
