Entity Owned Property summary
This 40-key Quality Inn, a Choice Hotels property, presents a compelling investment opportunity in the Tallahassee MSA. Built in 1994, this two-story, exterior-corridor hotel boasts a prime location along Interstate 10, approximately 25 miles from Downtown Tallahassee and near the Quincy Historic District. The property sits on two acres and has recently undergone significant renovations, including a new roof, updated exterior lighting, electrical upgrades in the breakfast area, refurbished… PTAC units, a resurfaced parking lot, and refurbished laundry equipment. An estimated $25,000+/- change of ownership PIP is anticipated, subject to verification by Choice Hotels. Previous and current owners have invested approximately $150,000+/- in capital improvements. The hotel benefits from a diverse demand base, including leisure and business travelers, legislative attendees, healthcare professionals, university visitors, and sports teams, with proximity to attractions such as the Gadsden Arts Center & Museum and Bear Creek Educational Forest. The property's strong historical performance, evidenced by over $1,000,000 in room revenue in 2021 and 2022 (December Monthly STR Reports), and its potential for RevPAR improvement (currently at 75% of the comp set index based on the June 2024 Monthly STR Report), make it an ideal acquisition for an owner-operator seeking to maximize returns. The asking price is $3,800,000. Projected year-end 2023 metrics include a 4.13x Revenue Multiple and a 6.03% capitalization rate, while year one projections show a 4.24x Revenue Multiple and an 8.22% capitalization rate. June 2024 T-12 data shows an ADR of $102.75, RevPAR of $58.57, and an occupancy rate of 57%.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 5 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,498 SF
- Lot area
- 2 ac
- Year built
- 1994
- Stories
- 1
- APN
- 3-25-2N-4W-0000-00331-0500
- Assessed value · 2023
- $1,410,725
- Annual tax · 2023
- $20,436
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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