Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2005 Veterans Blvd Del Rio, TX 78840

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    101-key hotel with recent renovations and strong cash flow.

    Property Features for 2005 Veterans Blvd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Alfonso Garcia
    Source: Crexi

    Listing Agency: Matthews Listing Agent: Alfonso Garcia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Days Inn in Del Rio

    The Days Inn Del Rio, located at 2005 Veterans Blvd in Del Rio, Texas, features 101 keys. The property has averaged approximately $1.2 million in room revenue over the past three years. In 2024, the property completed a comprehensive renovation of all 101 guestrooms, with ownership investing over $1 million to modernize and reposition the hotel. The hotel is offered at approximately $42,000 per key. The property is strategically positioned near key demand drivers such as Amistad Lake, Laughlin Air Force Base, and the Del Rio Civic Center, benefiting from consistent leisure, military, and group demand. The offering presents significant upside potential for a hands-on operator seeking to further enhance operational efficiencies and maximize profitability in a stable South Texas market.
    Location Intelligence

    Current Use by Public Records

    Drive Safe Defensive ... Training Center Days Inn by ... Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Del Rio
    County
    Val Verde
    State
    Texas
    Longitude
    -100.905351
    Latitude
    29.384794

    Nearby Similar for Sale

    • $499,000
      9,483 SF

      Del Rio Retail/Industrial Opportunity

      9,483 SF mixed-use commercial property in high-traffic area.
      201 Avenue A, Del Rio, TX 78840
      View Details
    • New
      $199,995
      600 SF

      Commercial Corner Property in Del Rio

      Commercially zoned property with office building and paved parking.
      211 Lowe Dr, Del Rio, TX 78840
      View Details
    • $350,000
      3,200 SF

      Del Rio Office Building For Sale

      3,200 sq ft office building in Del Rio, TX.
      200 Kings Way, Del Rio, TX 78840
      View Details
    • $425,000
      2,080 SF

      Del Rio Office on Veterans

      2,080 SF commercial property on high-traffic Veterans Blvd.
      3711 Veterans Blvd, Del Rio, TX 78840
      View Details
    • $539,000
      2,676 SF

      Medical Office Building Near Hospital

      Medical office building with expansion potential near Val Verde Hospital.
      1011 E 7Th St, Del Rio, TX 78840
      View Details
    • New
      $285,000

      Commercial Building in Del Rio

      Versatile commercial building on three lots, ideal for various uses.
      E 7Th St, Del Rio, TX 78840
      View Details
    • $590,000
      3,000 SF

      Del Rio Commercial Auto Shop

      Commercial property in Del Rio business center, formerly an auto shop.
      401-403 E 3Rd St, Del Rio, TX 78840
      View Details
    • $263,000
      840 SF

      Retail Property in High-Traffic Location

      Drive-thru retail property in Del Rio, Texas, for sale.
      607 W Gibbs St, Del Rio, TX 78840
      View Details
    • $449,000
      3,000 SF

      Established Bar with Lake View

      Turn-key bar business opportunity on 1.6 acres with furnishings.
      9145 Us Highway 90 W, Del Rio, TX 78840
      View Details
    • $94,900
      1,554 SF

      Del Rio Office Building

      Former office building on 0.44 acres in Del Rio.
      505 W Martin St, Del Rio, TX 78840
      View Details
    • New
      $365,000
      3,817 SF

      Income-Producing Fourplex in Central Del Rio

      Well-maintained 4-unit property near schools, shopping, and dining.
      101 Shannon Cir, Del Rio, TX 78840
      View Details
    • New
      $449,000
      4,520 SF

      Del Rio Industrial/Warehouse Opportunity

      Multi-use industrial/retail property in Del Rio, Texas.
      801 G, Del Rio, TX 78840
      View Details

    FAQs

    What type of property is this?
    Hotel - 101-key hotel with recent renovations and strong cash flow.
    Where is this hotel located?
    The property is located at 2005 Veterans Blvd Del Rio, TX.
    What are key features of this property?
    This property features: - Recently renovated with **over $1 million invested in 2024**, modernizing all 101 guestrooms.; - Strong in-place cash flow, averaging approximately $1.2 million in room revenue over the past three years.; - Turnkey opportunity requiring minimal immediate investment.
    Request Owner's contact information
    2005 Veterans Blvd Del Rio, TX 78840
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2005 Veterans Blvd
    Del Rio, TX 78840
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2005 Veterans Blvd Del Rio, TX 78840
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alfonso Garcia
    Real Estate License ID: 826978
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!