Current Use by Public Records
- Imperial Inn / Hotel & Motel
Property Details for 748 12Th St
- Year built
- 2000
- Lot size
- 6.57 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This 35-room, two-story hotel in Imperial, Nebraska, presents a compelling investment opportunity. Located at 748 12th St, this fee-simple property boasts a 19.23% pro-forma cap rate and a $240,428 pro-forma NOI, priced at $1,250,000 ($35,714 per key). Built in 2000, the hotel features a breakfast area, guest laundry, heated dog kennels with a game cleaning station, and extensive security camera coverage. Ample parking accommodates trucks and RVs with electrical hookups. The climate-controlled lobby and banquet area (2000 sq ft) are served by four individual furnaces. The banquet room includes a service counter, fully equipped kitchen, and separate bar. Significant capital improvements completed in 2022 and 2023 include a new roof, windows, siding, hot water heaters, and PTAC units. Situated in a key agricultural area within the North Platte Micropolitan Statistical Area, the hotel benefits from easy highway access to major cities like Denver and Omaha. The property experienced over 8% annual room revenue growth from 2022 to 2023, indicating strong potential for future profitability. The 6.57-acre lot provides ample space for expansion or future development. This well-maintained property offers a blend of established income and significant upside potential. The hotel's location in Imperial, Nebraska, offers proximity to various attractions, including the Chase County Community Hospital, Imperial County Club Golf Course, and Enders Reservoir, further enhancing its appeal to a diverse range of guests.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Imperial
- County
- Chase
- State
- Nebraska
- Longitude
- -101.629
- Latitude
- 40.5234
