1636 Boulder HwyHenderson, NV 89011

Property Details for 1636 Boulder Hwy

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

5,680 SF

Property type

Hospitality properties

Property subtype

Motels

APN

178-01-312-009

APU

17801312009

Description

This exceptional investment opportunity presents the Ingles Motel, a 27-unit property located at 1636 N Boulder Hwy, Henderson, NV 89011. Boasting 8,080 square feet on a 0.63-acre lot, this single-story motel underwent a complete renovation in 2021, featuring new paint, furniture, plumbing, electrical systems, doors, and windows. The property, built in 1954 and zoned for motel use, offers a compelling 11% capitalization rate with a Net Operating Income (NOI) of $467,500 and an asking price of $4,250,000 ($525.99/sq ft). The motel comprises a mix of one and two-bedroom units, generating income through daily and weekly rentals. An SBA appraisal valued the property at $4.6 million. The seller may consider financing options with a full-price offer, potentially carrying 5-10% of the purchase price. Financial details are available upon request. The motel benefits from a strong location within a growing neighborhood and enjoys low vacancy rates, making it an easily managed and highly profitable investment. This turnkey operation is ready for a new owner to continue its success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,728,632

  6.5%

  $1,595,660

  7%

  $1,481,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,674,272

  Geo Method

  $2,674,272

• Alternative Use

  Use

  Valuation

  Residential

  $1,741,997

  Hospitality

  $1,595,660

  Educational

  $1,327,570

  Medical

  $1,373,228

  Retail

  $2,065,110

Location Insight

City

Henderson

County

Clark

State

Nevada

Latitude

36.0615

Longitude

-115.006

CBSA code

29820

CBSA name

LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.