Current Use by Public Records
- Hospitality properties
Property Details for 10 Frontage Rd
- Year built
- 2015
- Lot size
- 2.65 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a fee-simple interest in a 51-room, three-story Best Western Plus hotel in Flatonia, Texas. Built in 2015, this property boasts 35,367 square feet on a 2.65-acre lot and enjoys high visibility from Interstate I-10. The hotel features modern amenities including a large meeting room, boardroom, business center, fitness room, and spacious common areas. With a current occupancy rate of 75% (as of May 1, 2023), the property generated a Net Operating Income (NOI) of $420,000 in 2023, representing an 8.24% cap rate and a price per square foot of $144.20. Year-to-date 2023 revenue reached $1,181,000, a 20% increase year-over-year, and projections indicate over $1.3 million in revenue for 2024, with a projected $1.5 million for 2025. The hotel is currently operating at a profit margin slightly above 35%. This presents a compelling value-add opportunity for owner-operators or first-time buyers seeking to capitalize on revenue growth, expense management, and operational efficiencies. The current absentee owner is open to third-party management for new ownership. The asking price is $5,100,000, or $100,000 per key. The property is zoned commercial and has a Fayette County APN of 2200670080000030. Cost segregation is available to accelerate depreciation and enhance cash flow.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flatonia
- County
- Fayette
- State
- Texas
- Longitude
- -97.1056
- Latitude
- 29.6957
