114-Room Exterior-Corridor
16884 Northwest Fwy # 119, Houston, TX 77040
For Sale
$5,000,000
Operational branded economy hotel with freeway access, surface parking, and public Wi-Fi.
Property Size44,616 SF
Lot Size2.58 Acres
Price / SF$112.07
Days on Market96
Property Features for 16884 Northwest Fwy # 119
General Information
Standard status
Size
Class
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Amenities
public Wi-Fi
high-speed internet access
smoke-free environment
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Units
Abandoned
Listing Agency:
Seth Equities
Listed By:
Rorik Seth · License TX #9015432
(281) 968-5019
Source:
Commercialcafe
Added: Aug 11
Changed: Nov 13
Last Checked: Nov 14 at 2:32AM
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 Seth Equities
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an operating Red Roof Inn franchise hotel with 114 guestrooms across two stories and an exterior-corridor layout. The improvements total approximately 44,616 SF on approximately 2.58 acres. Originally completed in 1985, the hotel underwent renovation in 2021 and includes surface parking, public Wi-Fi, high-speed internet access, and a smoke-free environment.
Located at 16884 Northwest Fwy # 119 in Houston, the property fronts the US-290 corridor in Northwest Houston, providing access to the Jersey Village and Cypress-Fairbanks areas. Its surrounding demand profile includes corporate, construction, logistics, healthcare, leisure, extended-stay, and value-oriented transient segments. The hotel remains open and operational.
Located at 16884 Northwest Fwy # 119 in Houston, the property fronts the US-290 corridor in Northwest Houston, providing access to the Jersey Village and Cypress-Fairbanks areas. Its surrounding demand profile includes corporate, construction, logistics, healthcare, leisure, extended-stay, and value-oriented transient segments. The hotel remains open and operational.
Key Highlights
- 114 guestrooms in a two‑story hotel
- Approximately 44,616 SF of gross building area
- Approximately 2.58 acres along the US‑290 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,035
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,760,700
$4.8M
Cap Rate 7%
$3,400,500
$3.4M
Cap Rate 9%
$2,644,833
$2.6M
Market Conditions
NOI Build-Up for 44,616 SF
Gross rent
$642.5K $14.40/SF
− Vacancy
−$141.3K −$3.17/SF
EGI
$501.1K $11.23/SF
− OpEx
−$263.1K −$5.90/SF
NOI
$238.0K $5.34/SF
Area
Houston, TX
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,760,700
Cap Rate 7%
$3,400,500
Cap Rate 9%
$2,644,833
Alternative Uses
Best Use
Hotel Hospitality
$3.40M
$2.98M – $3.97M
NOI $238,035 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.47M
$10.04M – $13.38M
NOI $803,088 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 77040, TX
49,524
Population
19,197
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
79%
High-School Grad
13.8 sq mi
ZIP Area
3,589
Density / Sq Mi
$67,254
Median Household Income
$37,004
Median Earnings
$1,343
Median Rent
$224,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Hotel - Operational branded economy hotel with freeway access, surface parking, and public Wi-Fi.
Where is this hotel located?
The property is located at 16884 Northwest Fwy # 119 Houston, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 114 guestrooms in a two‑story hotel; Approximately 44,616 SF of gross building area; Approximately 2.58 acres along the US‑290 corridor
