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    Hospitality properties

    702 Martin Adams, Fort Stockton, TX 79735

    91,389 SF 2.1 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a brand-new, 94-key Avid hotel in Fort Stockton, Texas. Projected completion is between 2023 and 2025. The property boasts a strategic location at 702 Martin Adams, Fort Stockton, TX 79735, situated along the heavily trafficked I-10 corridor where it intersects Highway 385. This ensures excellent visibility and accessibility for travelers. The four-story building encompasses 91,389 square feet on a 2.098-acre lot. The modern design incorporates amenities appealing to a broad range of guests, including spacious guest rooms, a contemporary lobby, a fitness center, and a business lounge catering to corporate travelers. Fort Stockton's growth, fueled by tourism, the energy sector, and ongoing local development, positions this hotel for strong occupancy rates and significant return on investment. This represents a rare chance to acquire a high-demand hotel in a rapidly developing Texas market. The asking price for this exceptional property is $17,500,000. The hotel's construction is of high quality, reflecting the experience of the developer. This is a compelling investment opportunity in a thriving Texas city.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 2023
    Total area 91,389 SF
    Lot 2.1 ac (91,389 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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