5400 Weston RdEvansville, IN 47712

Property Details for 5400 Weston Rd

Year built

1995

Construction

TYPE NOT SPECIFIED

Lot size

3.40 AC

Property size (Sq ft)

61,156 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

82-05-28-007-427.001-024

APU

820528007427001024

Description

This 110-key Fairfield Inn & Suites hotel in Evansville, Indiana, presents a compelling investment opportunity. Boasting a 9.05% cap rate and a Net Operating Income (NOI) of approximately $979,415, this property offers significant returns. The hotel underwent a complete renovation in 2022 and benefits from a long-term Marriott license extending through 2037. With over $3,000,000 in trailing 12-month room revenue and a current occupancy rate of 66%, this asset demonstrates strong performance. Strategically located on Weston Road near major retail centers including Lowe's, Home Depot, and Walmart, and within five minutes of the University of Southern Indiana (10,000+ students), the hotel enjoys a prime location with diverse demand drivers. Additional nearby attractions include the Ford Center, Bally's Casino, and several other universities and prominent corporations such as Toyota Motor Manufacturing and Berry Global. The property's strong brand recognition, recent renovation, and favorable market position make it an attractive investment for owner-users seeking a turnkey hospitality asset in a thriving Indiana market. The asking price is $10,828,000. Built in 1995, this hotel is situated at 5400 Weston Rd, Evansville, IN 47712.

• CAP approach

  CAP return

  Valuation

  6%

  $11,999,881

  6.5%

  $11,076,813

  7%

  $10,285,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,371,125

  Geo Method

  $12,371,125

• Alternative Use

  Use

  Valuation

  Residential

  $12,092,662

  Hospitality

  $11,076,813

  Educational

  $9,215,779

  Medical

  $9,532,723

  Retail

  $14,335,656

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9765

Longitude

-87.6409

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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