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    4321 I-10 Columbus, TX 78934

    For Sale
    $6,200,000

    65-key Holiday Inn Express, high ROI

    Property size:
    33,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 65-key Holiday Inn Express & Suites in Columbus, Texas, presents a compelling investment opportunity. Located on I-10, it benefits from high visibility and convenient access to major Texas cities, ensuring consistent demand from both business and leisure travelers. The hotel, boasting 33,960 square feet on a 2.41-acre lot, underwent a complete renovation in 2019, implementing the brand's "Formula Blue" improvements. This ensures modern, brand-compliant facilities with minimal immediate capital expenditure needs. The property features a business center, fitness room, outdoor pool, and event space, catering to a wide range of guests while maintaining efficient operating costs. With 65 well-appointed rooms and strong historical performance, including over $1.53 million in room revenue in the past year, this hotel offers a stable, high-yield investment. The property's strong market position, driven by the local economy's reliance on energy, agriculture, and manufacturing, contributes to consistent occupancy rates. Built in 1999 and situated on a three-story building, this fee-simple ownership offers a turnkey investment with significant growth potential in a thriving region. The asking price is $6,200,000, representing a price per key of $95,384.62 and an 8.00% cap rate with a net operating income of $496,086. This is a rare chance to acquire a proven, income-generating asset in a robust market.

    Property Features for 4321 I-10

    General Information

    Property type
    Hotels
    Square Feet
    33,960 SF
    Lot Size
    104,980 SF

    Building Details

    Year Built/Renovated
    1999/2019
    Stories
    3

    HighLights

    • Holiday Inn Express & Suites in Columbus, Texas, situated on I‑10 with high visibility and easy access to major Texas cities.
    • $1.53 million in room revenue over the past year, exceeding pre‑pandemic levels.
    • Strong occupancy driven by proximity to industrial and agricultural businesses in Columbus.
    • Completed 2019 property improvement plan (PIP), minimizing immediate capital expenditures.
    • Limited‑service hotel with business center, fitness room, pool, and event space, maximizing profitability.
    • Offers flexibility for owner‑operator management or continued third‑party management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Columbus
    County
    Colorado
    State
    Texas
    Longitude
    -96.543464
    Latitude
    29.6929597

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    FAQs

    What type of property is this?
    Hotel - 65-key Holiday Inn Express, high ROI
    Where is this hotel located?
    The property is located at 4321 I-10 Columbus, TX.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: Holiday Inn Express & Suites in Columbus, Texas, situated on I-10 with high visibility and easy access to major Texas cities.; $1.53 million in room revenue over the past year, exceeding pre-pandemic levels.; Strong occupancy driven by proximity to industrial and agricultural businesses in Columbus.
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    4321 I-10 Columbus, TX 78934
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    Columbus, TX 78934
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    Realmo Value Estimation

    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.

    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.

    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
    4321 I-10 Columbus, TX 78934
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