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    1715 I-35 Gainesville, TX 76240

    For Sale
    $8,000,000

    72-Room Comfort Suites, prime location

    Property size:
    29,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This fee-simple, four-story Comfort Suites hotel in Gainesville, Texas presents a compelling investment opportunity. Built in 2007 and extensively renovated in 2021, this 29,250 square foot property boasts 72 keys and is situated on a 1.8-acre lot at 1715 I-35. The hotel offers a range of amenities including a fitness center, market center, meeting space, and an indoor pool, catering to a diverse clientele. Located in Cooke County, this asset benefits from its proximity to the Dallas/Fort Worth Metroplex, approximately 65 miles from both Dallas and Fort Worth. The property's strategic location within the Denton-Gainesville submarket, coupled with its proximity to major thoroughfares (US Route 82 and Interstate 35), ensures high visibility and accessibility. The asking price is $8,000,000, translating to $273.50 per square foot and $111,111.11 per key. This turnkey operation presents minimal post-acquisition improvement needs, making it an attractive option for owner-users seeking a profitable hospitality investment in a rapidly growing area. The area's economic strength is further bolstered by the presence of Safran Seats USA LLC, a major employer in Gainesville, and the proximity to the WinStar World Casino, a significant tourist attraction drawing visitors from a wide radius. This combination of factors positions this hotel for continued success and strong returns.

    Property Features for 1715 I-35

    General Information

    Property type
    Hotels
    Square Feet
    29,250 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built/Renovated
    2007/2021
    Buildings
    1
    Stories
    4

    HighLights

    • Fee‑simple, four‑story Comfort Suites hotel with 72 keys, totaling 29,250 square feet on a 1.8‑acre lot.
    • Built in 2007, extensively renovated in 2021, located at 1715 I‑35 in Gainesville, Texas.
    • Amenities include a fitness center, market, meeting space, and indoor pool.
    • Asking price: $8,000,000 ($273.50/SF, $111,111.11/key).
    • Strategically located near US Route 82 and I‑35, 65 miles from Dallas/Fort Worth. Strong local economy driven by Safran Seats USA LLC and proximity to WinStar World Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.1581309
    Latitude
    33.6420072

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    FAQs

    What type of property is this?
    Hotel - 72-Room Comfort Suites, prime location
    Where is this hotel located?
    The property is located at 1715 I-35 Gainesville, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Fee-simple, four-story Comfort Suites hotel with 72 keys, totaling 29,250 square feet on a 1.8-acre lot.; Built in 2007, extensively renovated in 2021, located at 1715 I-35 in Gainesville, Texas.; Amenities include a fitness center, market, meeting space, and indoor pool.
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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
    1715 I-35 Gainesville, TX 76240
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