Frontage Rd Van Horn, TX 79855
- Hospitality properties
- 21,904 SF
- 2.61 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 Frontage Rd
- Year built
- 1992
- Lot size
- 2.61 lot acres
- Property size
- 21,904 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This 40-key Super 8 by Wyndham hotel in Van Horn, Texas, presents a compelling value-add investment opportunity. Located on E Frontage Rd in Culberson County (zip code 79855), this two-story, 21,904 square foot property sits on a 2.61-acre lot and includes 100 parking spaces. Built in 1992 and renovated in 2022, the hotel boasts a 12.82% cap rate based on a Net Operating Income (NOI) of $250,000 as of August 31, 2023, with a current occupancy rate of 63%. The asking price is $1,950,000, representing a price per key of $48,750. The property operates under a ground lease expiring December 31, 2077, offering 54 years of remaining lease term. The hotel is zoned for commercial use and benefits from its proximity to Blue Origin, attracting a unique clientele. This leasehold interest offers strong cash flow potential with significant upside for an owner/operator. The property includes living quarters on-site.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Van Horn
- County
- Culberson
- State
- Texas
- Longitude
- -104.826
- Latitude
- 31.0377
