Renovated Motel 6
For Sale
Contact for pricing
10675 South Freeway, Fort Worth, TX 76140
The property includes on-site live-in suites and has undergone recent renovations.
Property Size28,963 SF
Price / SF$176.09
Days on Market122
Property Features for 10675 South Freeway
General Information
Standard status
Active
Size
28,963 SF
Property subtype
Hospitality
Occupancy
56%
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2024
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Value Net Lease Partners
Listed By:
Neil Naran · License #02025512
Source:
Crexi
Added: May 1
Changed: Aug 29
Last Checked: Aug 29 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Value Net Lease Partners
Investment Insights
Based on property information with market context.
This Motel 6 property contains 28,963 square feet and was constructed in 1998. The improvements have been recently renovated and include on-site live-in suites. The property also carries a 30-year operating history.
Located at 10675 South Freeway in Fort Worth, Texas, the motel is within the Dallas–Fort Worth MSA. The asset is presented as an established hospitality property with an existing operating platform and dedicated on-site accommodations.
Located at 10675 South Freeway in Fort Worth, Texas, the motel is within the Dallas–Fort Worth MSA. The asset is presented as an established hospitality property with an existing operating platform and dedicated on-site accommodations.
Key Highlights
- Motel 6 property with 28,963 square feet
- Recently renovated motel improvements
- On‑site live‑in suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,095,420
$3.1M
Cap Rate 7%
$2,211,014
$2.2M
Cap Rate 9%
$1,719,678
$1.7M
Market Conditions
NOI Build-Up for 28,963 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$434.4K $15.00/SF
− Vacancy
−$108.6K −$3.75/SF
EGI
$325.8K $11.25/SF
− OpEx
−$171.1K −$5.91/SF
NOI
$154.8K $5.34/SF
Area
Fort Worth, TX
Vacancy
25.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,095,420
Cap Rate 7%
$2,211,014
Cap Rate 9%
$1,719,678
Alternative Uses
Best Use
Hotel Hospitality
$2.21M
$1.93M – $2.58M
NOI $154,771 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.52M
$9.21M – $12.27M
NOI $736,471 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - The property includes on-site live-in suites and has undergone recent renovations.
Where is this motel located?
The property is located at 10675 South Freeway Fort Worth, TX.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: Motel 6 property with 28,963 square feet; Recently renovated motel improvements; On‑site live‑in suites
