Houston Hotel Investment
For Sale
$6,250,000
7495 West Greens Road, Houston, TX 77064
Best Western Premier Ashton Suites in Houston, TX
Property Size54,736 SF
Price / SF$114.18
Days on Market624
Property Features for 7495 West Greens Road
General Information
Standard status
Active
Property type
Other hospitality properties, Hotels, Other residential income properties, Hospitality properties, Residential income properties
Size
54,736 SF
Elevators
N/A
Building Details
Year Built
2015
Year Renovated
2023
Buildings
1
Units
68
Listed By:
Bharat Patel-vakil
(817) 821-1536
Added: Jan 28, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 68-suite hotel is located in the Willowbrook area of Houston, Texas, approximately 20 minutes from Downtown Houston and near Beltway 8. The property, with a size of 54,736 square feet, underwent a complete renovation in 2022-2023. The hotel's 2024 completed room revenue totaled $1,651,333, outperforming its competitive set. The year-to-date (November 2024) RevPAR is 111.2% of the prior year, representing a 22.2% increase from 2023. The property qualifies for Best Western's automatic transfer program and its affiliation with Best Western Premier offers access to their rewards program. Houston's economy includes over $4 billion in recent and ongoing new construction projects and a large concentration of employment.
Key Highlights
- 68 upscale all‑suite rooms
- Strong Performance: 2024 Completed with Room Revenue $1,651,333.
- Outperforming its competitive set with YTD Nov 2024 RevPAR of 111.2% – a 22.2% increase from 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$292,028
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,840,560
$5.8M
Cap Rate 7%
$4,171,829
$4.2M
Cap Rate 9%
$3,244,756
$3.2M
Market Conditions
NOI Build-Up for 54,736 SF
Gross rent
$788.2K $14.40/SF
− Vacancy
−$173.4K −$3.17/SF
EGI
$614.8K $11.23/SF
− OpEx
−$322.8K −$5.90/SF
NOI
$292.0K $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%
$5,840,560
Cap Rate 7%
$4,171,829
Cap Rate 9%
$3,244,756
Alternative Uses
Best Use
Apartment 5plus
$8.86M
$7.75M – $10.34M
NOI $620,113 @ 7.0% cap · market cap 9.92%
Second Best
Hotel Hospitality
$4.17M
$3.65M – $4.87M
NOI $292,028 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$14.07M
$12.32M – $16.42M
NOI $985,248 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Hospitality property - Best Western Premier Ashton Suites in Houston, TX
Where is this hospitality property located?
The property is located at 7495 West Greens Road Houston, TX.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 68 upscale all‑suite rooms; Strong Performance: 2024 Completed with Room Revenue $1,651,333.; Outperforming its competitive set with YTD Nov 2024 RevPAR of 111.2% – a 22.2% increase from 2023
