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Motel 6 Cedar Rapids, IA - Airport 616 33rd Ave SW 100 Room Hotel Cedar Rapids, IA 52404 $8,083,000 CAD ($80,830 CAD/Room)
Investment Highlights
- Property generated over $1.26M in 2025 revenue with continued month-over-month growth in 2026, trending toward a $2.0M+ annualized run rate
- Located in Cedar Rapids, supported by manufacturing, logistics, healthcare, and education sectors, delivering consistent year-round occupancy.
- 100-room interior corridor hotel offering enhanced security, guest appeal, and higher ADR potential compared to typical exterior corridor economy asse
- Offered at $5.9M (under $60K per key), providing an attractive entry point significantly below replacement cost for a similar interior corridor asset.
Executive Summary
Motel 6 Cedar Rapids is a stabilized, cash-flowing interior corridor hotel demonstrating strong operational recovery and accelerating revenue growth. The property generated over $1.26M in 2025 and is already trending toward a $2.0M+ annualized run rate based on strong 2026 month-over-month performance. With occupancy outperforming the competitive set and ADR still below market levels, the primary upside is driven by rate growth rather than demand risk. The asset presents a clear owner-operator opportunity, supported by over $300K in identifiable add-backs and a stabilized adjusted NOI exceeding $500K for Year 2026 for potential buyer. Offered at $5,900,000—less than $60,000 per key and below replacement cost—this investment combines in-place cash flow with immediate and scalable upside.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 616 33RD AVE SW , CEDAR RAPIDS, IA 52404
Motel 6 Cedar Rapids is a 100-room interior corridor hotel with strong recent performance and clear owner-operator upside. The property generated over $1.26M in 2025 revenue and is trending toward $2.0M+ based on strong 2026 performance. Occupancy is already outperforming the market, while ADR remains below comp set levels, creating immediate revenue upside through rate increases. The current operation includes over $200K in add-backs and operational inefficiencies that can be optimized by a hands-on owner. Offered at $5.9M (under $60K per key), the asset provides a below-replacement-cost entry point with both stable cash flow and measurable upside potential.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 100 | $72.61 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19051-76011-00000 | Total Assessment | $2,502,612 CAD (2025) |
| Land Assessment | $532,488 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,970,124 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
19051-76011-00000
Land Assessment
$532,488 CAD (2025)
Improvements Assessment
$1,970,124 CAD (2025)
Total Assessment
$2,502,612 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Motel 6 Cedar Rapids, IA - Airport | 616 33rd Ave SW
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