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    200 Centennial Dr McPherson, KS 67460

    For Sale
    $6,750,000

    Profitable Hotel, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional opportunity to acquire a fee-simple, 73-key Hampton Inn in McPherson, Kansas. Built in 2016, this four-story, 1-building hotel sits on a 3-acre lot at 200 Centennial Dr, McPherson, KS 67460. Conveniently located near I-135, a major interstate, and within walking distance of restaurants and retail, including a Walmart Supercenter. The hotel benefits from its proximity to McPherson College, McPherson Museum & Foundation, and a recently opened Love's Travel Plaza. McPherson, a thriving town of 14,000, boasts a diverse business community with numerous national and international companies in pharmaceuticals, plastics, energy, and equipment manufacturing, including Pfizer, Johns Manville, and CertainTeed. The area's strong economy and central location contribute to the hotel's consistent revenue generation. The hotel features amenities such as a fitness center and meeting room, and boasts kitchenette suites. Currently ranked #1 of 8 hotels in the market on TripAdvisor, this smoke-free property presents a compelling investment opportunity, priced at under $93,000 per key and 30% below current new construction costs. While revenue is stabilizing after the opening of new competition, a manageable refresh is anticipated. This stabilized investment offers a rare chance to own a premium-branded hotel in a high-growth market. The asking price is $6,750,000.

    Property Features for 200 Centennial Dr

    General Information

    Property type
    Hotels
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    4

    HighLights

    • Fee‑simple, 73‑key Hampton Inn built in 2016, priced at under $93,000 per key and 30% below new construction costs.
    • Located in McPherson, Kansas, a thriving town with a diverse business community, near I‑135 and major retail, including a Walmart Supercenter.
    • Currently ranked #1 out of 8 hotels in McPherson on TripAdvisor, outperforming newer competitors.
    • Features include kitchenette suites, a fitness center, and a meeting room; the property is smoke‑free.
    • A manageable refresh is anticipated, with revenue stabilizing after recent competition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Consolidated Farm ... Conservation Department Hampton Inn McPherson Hotel Natural Resources Conservation Conservation Department

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    McPherson
    County
    McPherson
    State
    Kansas
    Longitude
    -97.62926212
    Latitude
    38.37165339

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    FAQs

    What type of property is this?
    Hotel - Profitable Hotel, Prime Location
    Where is this hotel located?
    The property is located at 200 Centennial Dr McPherson, KS.
    What is the asking price?
    The asking price for this property is $6,750,000.
    What are key features of this property?
    This property features: Fee-simple, 73-key Hampton Inn built in 2016, priced at under $93,000 per key and 30% below new construction costs.; Located in McPherson, Kansas, a thriving town with a diverse business community, near I-135 and major retail, including a Walmart Supercenter.; Currently ranked #1 out of 8 hotels in McPherson on TripAdvisor, outperforming newer competitors.
    Request Owner's contact information
    200 Centennial Dr McPherson, KS 67460
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    McPherson, KS 67460
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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
    200 Centennial Dr McPherson, KS 67460
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