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Property profile & analytics
OFF-MARKET
Hospitality properties

6030 I-40 Amarillo, TX 79106

27,525 SF Built 1980
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Year built 1980
Total area 27,525 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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