Baymont by Wyndham

5015 Ridgeway Dr, Harlan, IA 51537

  • For Sale $1,975,000
  • Property Type Other
  • Property Size 10,885 SF
  • Lot Size 2 Acre
  • Year Built 2008
  • Date Updated May 23, 2025
Located southeast of the Highway 59/Highway 44 intersection Area neighbors include Bomgaars, Hy-Vee, The Buck Snort Restaurant, Farm Credit Services of America, Harlan Dental, Burger King, Pizza HutBuilding Size: 10,885 sq. ft. # of Rooms: 45 Lot Size: 2 acres (87,120 sq. ft.) 2024 Occupancy: 60.33% Year Built: 2008 Parking Lot: Paved - 50 spaces Zoning: Commercial Cap Rate: 12% Price per Room: $43,000 ADR - 2024: $92.64 GRM: 2.44Xs 2025 Projected Revenue: $850,000 Price/sq. ft.: $181.44 Real Estate Taxes: $42,000 3 Year Average Revenue (2022-2024): $808,218 3 Year Average NOI (2022-2024): $238,932 Estimated ADS: $150,000 Estimated Cash Flow after ADS: $110,000
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Highlights

  • # of Rooms: 45
  • 2024 Occupancy: 60.33%
  • 2025 Projected Revenue: $850,000
  • 3 Year Average NOI (2022-2024): $238,932
  • 3 Year Average Revenue (2022-2024): $808,218
  • ADR - 2024: $92.64
  • Building Size: 10,885 sq. ft.
  • Cap Rate: 12%
  • Estimated ADS: $150,000
  • Estimated Cash Flow after ADS: $110,000
  • GRM: 2.44Xs
  • Lot Size: 2 acres (87,120 sq. ft.)
  • Parking Lot: Paved - 50 spaces
  • Price per Room: $43,000
  • Price/sq. ft.: $181.44
  • Real Estate Taxes: $42,000
  • Year Built: 2008
  • Zoning: Commercial

Contacts

broker

NAI Sioux Falls

Location

Getting Around

  • Walk Score ®

    50/100 Somewhat Walkable
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Harlan, IA
  • Zip Code 51537

Points of Interest

  • Cenex

    0.25 miles

  • Shell

    0.32 miles

  • Baymont Harlan

    0.01 miles

  • Cyclone Lodge

    0.46 miles

  • Harlan Inn & Suites

    2.21 miles

  • Cobblestone Inn & Suites - Avoca

    9.78 miles

  • Motel 6

    9.92 miles

  • The Buck Snort

    0.14 miles

  • Burger King

    0.29 miles

  • Pizza Hut

    0.38 miles

  • Subway

    0.51 miles

  • DQ Grill & Chill

    0.68 miles

  • Casey's

    0.82 miles

  • Westphalia Klub Haus

    6.18 miles

  • Norma Jean’s

    9.06 miles

  • Wendy's

    9.91 miles

  • Iowa Western Community College Shelby County Center

    0.34 miles

  • Saint Michaels School

    0.56 miles

  • West Ridge School

    0.83 miles

  • Harlan Community Middle School

    1.03 miles

  • Harlan Community High School

    1.04 miles

  • Harlan Community School District

    1.12 miles

Frequently Asked Questions

How much does Baymont by Wyndham cost?

The space currently listed for sale at Baymont by Wyndham asks for $1,975,000.

What is the total square footage of Baymont by Wyndham?

Baymont by Wyndham totals 10,885 square feet.

When was this property built?

Baymont by Wyndham was built in 2008.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

NAI Sioux Falls

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