39-Key Hotel With Outdoor
For Sale
Contact for pricing
634 David St, Centerville, TN 37033
Established franchise hotel with two on-site staff apartments and a transferable franchise, subject to franchisor approval.
Property Size22,134 SF
Days on Market61
Property Features for 634 David St
General Information
Standard status
Active
Size
22,134 SF
Property subtype
Mixed Use
Building Details
Building Size
22,134 SF
Year Built
1997
Listing Agency:
X Factor Realty Group, Inc.
Listed By:
Tina I. Jones · License #339105
(678) 984-3115
Source:
Thefullerproperties
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 13 at 12:46AM
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 X Factor Realty Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1997, this hotel property contains 39 guest keys within approximately 22,134 square feet. The improvements include an outdoor swimming pool and two additional apartments located on the premises for staff use. An established Econo Lodge Inn & Suites franchise is in place and may transfer to a new owner, subject to franchisor approval and applicable requirements.
The property is located at 634 David St in Centerville, Tennessee. Its existing lodging operation, guest-room inventory, pool, franchise affiliation, and on-site staff housing provide a defined hospitality configuration for continued hotel use.
The property is located at 634 David St in Centerville, Tennessee. Its existing lodging operation, guest-room inventory, pool, franchise affiliation, and on-site staff housing provide a defined hospitality configuration for continued hotel use.
Key Highlights
- 39‑key hotel with approximately 22,134 square feet
- Two additional on‑site staff apartments
- Outdoor swimming pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,738
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,760
$1.7M
Cap Rate 7%
$1,239,114
$1.2M
Cap Rate 9%
$963,756
$963.8K
Market Conditions
NOI Build-Up for 22,134 SF
Gross rent
$332.0K $15.00/SF
− Vacancy
−$149.4K −$6.75/SF
EGI
$182.6K $8.25/SF
− OpEx
−$95.9K −$4.33/SF
NOI
$86.7K $3.92/SF
Area
Hickman County, TN
Vacancy
45.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,760
Cap Rate 7%
$1,239,114
Cap Rate 9%
$963,756
Alternative Uses
Best Use
Hotel Hospitality
$1.24M
$1.08M – $1.45M
NOI $86,738 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.49M
$5.68M – $7.57M
NOI $454,190 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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Business Placement
Demographics for 37033, TN
7,865
Population
3,848
Households
2
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
266.3 sq mi
ZIP Area
30
Density / Sq Mi
$56,455
Median Household Income
$37,199
Median Earnings
$935
Median Rent
$199,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Established franchise hotel with two on-site staff apartments and a transferable franchise, subject to franchisor approval.
Where is this hotel located?
The property is located at 634 David St Centerville, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 39‑key hotel with approximately 22,134 square feet; Two additional on‑site staff apartments; Outdoor swimming pool
