Updated La Quinta
For Sale
$7,530,000
1915 Wall St, Weatherford, TX 76086
La Quinta-branded hotel with fully updated rooms and refreshed lobby, breakfast area, and common spaces.
Property Size36,217 SF
Days on Market65
Property Features for 1915 Wall St
General Information
Standard status
Active
Size
36,217 SF
Property subtype
Commercial
Net Operating Income
$7,530,000
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
36,217 SF
Units
62
Listed By:
Elias Zakas · License #SA710534000 (AZ)
(602) 715-2609
Source:
Matthews
Added: Jul 3
Changed: Aug 8
Last Checked: Sep 5 at 3:37AM
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 Elias Zakas
Investment Insights
Based on property information with market context.
This La Quinta-branded hotel features fully updated rooms, along with refreshed lobby, breakfast area, and other common spaces under a PIP. The property also includes exterior improvements such as fresh paint, landscaping, and signage.
Located just off Interstate 20, the hotel is described as minutes from Weatherford College. It is also positioned for access to nearby downtown options such as Chandor Gardens and a variety of restaurants, with Fort Worth noted as approximately 25 miles away.
For buyers or operators seeking a hospitality asset with recent interior and exterior refreshes and established brand recognition, the property’s documented updates include new furnishings, updated bathrooms, and overall common-area improvements.
Located just off Interstate 20, the hotel is described as minutes from Weatherford College. It is also positioned for access to nearby downtown options such as Chandor Gardens and a variety of restaurants, with Fort Worth noted as approximately 25 miles away.
For buyers or operators seeking a hospitality asset with recent interior and exterior refreshes and established brand recognition, the property’s documented updates include new furnishings, updated bathrooms, and overall common-area improvements.
Key Highlights
- La Quinta‑branded hotel just off Interstate 20, offering convenient access for travelers passing through
- Fully updated rooms with new furnishings and updated bathrooms
- Lobby, breakfast area, and common spaces refreshed under the PIP program
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
$227,081
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
3.02%
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%
$4,541,620
$4.5M
Cap Rate 7%
$3,244,014
$3.2M
Cap Rate 9%
$2,523,122
$2.5M
Market Conditions
NOI Build-Up for 36,217 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
$543.3K $15.00/SF
− Vacancy
−$65.2K −$1.80/SF
EGI
$478.1K $13.20/SF
− OpEx
−$251.0K −$6.93/SF
NOI
$227.1K $6.27/SF
Area
Parker County, TX
Vacancy
12.00%
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%
$4,541,620
Cap Rate 7%
$3,244,014
Cap Rate 9%
$2,523,122
Alternative Uses
Best Use
Hotel Hospitality
$3.24M
$2.84M – $3.78M
NOI $227,081 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$35.99M
$31.49M – $41.99M
NOI $2,519,120 @ 7.0% cap · market cap 33.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - La Quinta-branded hotel with fully updated rooms and refreshed lobby, breakfast area, and common spaces.
Where is this hotel located?
The property is located at 1915 Wall St Weatherford, TX.
What is the asking price?
The asking price for this property is $7,530,000.
What are key features of this property?
This property features: La Quinta‑branded hotel just off Interstate 20, offering convenient access for travelers passing through; Fully updated rooms with new furnishings and updated bathrooms; Lobby, breakfast area, and common spaces refreshed under the PIP program
