Jacksonville Airport Hotel
For Sale
Contact for pricing
Pending
1153 Airport Rd, Jacksonville, FL 32218
214-room hotel near Jacksonville International Airport.
Property Size97,130 SF
Days on Market274
Property Features for 1153 Airport Rd
General Information
Standard status
Pending
Size
97,130 SF
Property subtype
Hospitality
Occupancy
52%
Investment Type
Value Add
Building Details
Year Built
1973
Year Renovated
2024
Stories
2
Listing Agency:
Sarhan Hotel Group
Listed By:
William Betancourt · License #3200675
Source:
Crexi
Added: Nov 21, 2025
Changed: Aug 19
Last Checked: Aug 20 at 5:26PM
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 Sarhan Hotel Group
Investment Insights
Based on property information with market context.
The Baymont by Wyndham Jacksonville Airport is a 214-room, limited-service hotel located less than two miles from Jacksonville International Airport (JAX). The property was recently rebranded to align with Wyndham’s national strategy. The hotel serves transient leisure travelers, airline and logistics employees, and extended-stay contractors due to its location and access to I-95 and I-295. The surrounding industrial and distribution corridors, anchored by Amazon, FedEx, and the Port of Jacksonville, contribute to consistent year-round demand. An agreement with a national park-and-fly operator is being finalized, which is expected to generate additional revenue tied to long-term parking and airport shuttle usage. The property has over 200 rooms and limited nearby competition in the economy segment. This Baymont represents an opportunity to acquire a high-occupancy, high-cash-flow asset in an airport market. The property is 97,130 square feet.
Key Highlights
- Strategically located less than two miles from Jacksonville International Airport (JAX) with easy access to I‑95 and I‑295.
- Recently rebranded Baymont by Wyndham, benefiting from enhanced brand visibility and improved reservation contribution.
- High‑occupancy, high‑cash‑flow asset in a strong airport market.
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
$431,840
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
5.11%
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%
$8,636,800
$8.6M
Cap Rate 7%
$6,169,143
$6.2M
Cap Rate 9%
$4,798,222
$4.8M
Market Conditions
NOI Build-Up for 97,130 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
$1.40M $14.40/SF
− Vacancy
−$489.5K −$5.04/SF
EGI
$909.1K $9.36/SF
− OpEx
−$477.3K −$4.91/SF
NOI
$431.8K $4.45/SF
Area
ZIP 32218
Vacancy
35.00%
Lease Rate
$14.40 /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%
$8,636,800
Cap Rate 7%
$6,169,143
Cap Rate 9%
$4,798,222
Alternative Uses
Best Use
Hotel Hospitality
$6.17M
$5.40M – $7.20M
NOI $431,840 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.91M
$22.67M – $30.23M
NOI $1,813,611 @ 7.0% cap · market cap 21.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 214-room hotel near Jacksonville International Airport.
Where is this hotel located?
The property is located at 1153 Airport Rd Jacksonville, FL.
What is the asking price?
The asking price for this property is $8,450,000.
What are key features of this property?
This property features: Strategically located less than two miles from Jacksonville International Airport (JAX) with easy access to I‑95 and I‑295.; Recently rebranded Baymont by Wyndham, benefiting from enhanced brand visibility and improved reservation contribution.; High‑occupancy, high‑cash‑flow asset in a strong airport market.
