6030 I-40 Amarillo, TX 79106
This exceptional Amarillo, Texas hotel presents a prime investment opportunity. The Relax Inn, located at 6030 I-40 West, boasts 92 keys within a 27,525 square foot building, offering a compelling return on investment. Built in 1980 and extensively renovated in 2023, the property features a modern and attractive design, ready for immediate occupancy. The hotel is zoned HC, allowing for flexible commercial use. Its strategic location in Amarillo, near I-40, places it conveniently close to major transportation routes, medical facilities, and historic Route 66, attracting both business and leisure travelers. The property benefits from its proximity to Albuquerque, Oklahoma City, Dallas, and Denver, making it an ideal stopover for those traveling between larger cities. Furthermore, the area hosts numerous corporate conventions and school sporting tournaments, providing consistent occupancy potential. The asking price is $2,900,000, representing a 3.5X GRM. Ample parking is available for guests and staff. This fully renovated hotel presents a rare opportunity to acquire a well-maintained asset in a thriving market, with potential for strong returns. The property offers 100% ownership.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.