Current Use by Public Records
- Hospitality properties
Property Details for 158 County Rd
- Year built
- 2017
- Lot size
- 7.66 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a thriving 18-unit motel situated on a spacious 7.66-acre lot in Pecos, Texas. Built in 2017, this property boasts 9,220 square feet and features 15 single units and 3 double units, all fully furnished. An on-site manager's office/home and two storage buildings are included. The property currently generates a strong NOI of $100,000, resulting in an 8% cap rate. Further enhancing its potential, two additional units are slated for completion this year, projected to increase gross monthly rent by $6,000. Conveniently located in an Opportunity Zone, this motel offers significant upside potential. The property benefits from ample space for expansion, with readily available power, water, and sewer services. City water provides robust 61 psi pressure. This turnkey operation presents a rare chance to acquire a well-established, income-producing asset with significant growth prospects. Detailed financials are available upon request. The property address is 158 County Rd 404, Pecos, TX 79772.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Verhalen
- County
- Reeves
- State
- Texas
- Longitude
- -103.524
- Latitude
- 31.4295
