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Property profile & analytics
OFF-MARKET
Hospitality properties

500 Kentucky St Floydada, TX 79235

21,531 SF 19.92 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Texas hospitality portfolio presents a compelling investment opportunity. Priced at $2,400,000, this established portfolio encompasses 21,531 square feet across three attractive Texas towns. The portfolio includes three motels, strategically expanded to incorporate 61 RV rental spaces and two single-family rental units, offering diversified income streams. With a total of 63 motel rooms, this property provides significant capacity for guests. The 19.92-acre lot offers ample space for future expansion or development. The property's strategic location near major transportation routes enhances accessibility and visibility, contributing to its strong potential for increased revenue and a high return on investment. The price per square foot is $111.47, reflecting a competitive value in the current market. This value-add opportunity is ideal for investors seeking a diversified hospitality portfolio with substantial growth potential. The existing infrastructure and established operations provide a solid foundation for immediate returns and long-term profitability. This is a rare opportunity to acquire a well-positioned and diversified hospitality portfolio in a growing Texas market.

Property profile
Verified
Property type Hospitality properties
Total area 21,531 SF
Lot 19.92 ac (867,715 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
Current use
Occupant on record · Public records
  • American Star Inn Hotel & Motel
  • Bunkhouse Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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