11049 Gtwy W Blvd, El Paso, TX 79935-5003
- Commercial real estate
- 8,119 SF
- 2.65 lot acres
Current Use by Public Records
- El paso court / Government Office
- Studio 6 El Paso, TX - East / Hotel & Motel / Vacation Rental
Property Details for 11049 Gtwy W Blvd
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 2.65 lot acres
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- D469-999-0010-1500
- APU
- D46999900101500
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 4, 2017 | — | G6 Hospitality Property LLC | — | Deed · related | $2,010M · Jp Morgan Chase Bk |
| Mar 19, 2013 | — | G6 Hospitality Property LLC | Motel 6 Operating LP | Grant Deed · related | — |
| Oct 31, 2012 | — | Motel 6 Operating LP | Motel Holding Co INC | Quit Claim Deed · related | — |
| — | — | G6 Hospitality Property LLC | — | Deed Of Trust · related | $1,800M · Jp Morgan Chase Bk |
| — | — | G6 Hospitality Property LLC | — | Deed Of Trust · related | $2,010M · Jp Morgan Chase Bk |
Description
This exceptional value-add investment opportunity presents a 93-key Studio 6 hotel in El Paso, Texas. Located at 11049 Gateway Blvd W, El Paso, TX 79935, this fee-simple property boasts a 2.65-acre lot and features five buildings with two stories each. Built in 1978 and renovated in 2022, the hotel offers exterior corridors for convenient guest access. Currently operating at 74% occupancy, the property generates a substantial Net Operating Income (NOI) of $514,167, yielding an attractive 11.45% cap rate. The asking price is $4,490,000. Its strategic location just off Interstate 10 provides easy access for travelers, while its proximity to key attractions like the El Paso Zoo, Fort Bliss, and the Del Sol Medical Center (a 2-minute drive) caters to a diverse clientele. The El Paso International Airport (ELP) is a convenient 10-minute drive away. The property is zoned for commercial use and presents a compelling opportunity for investors seeking strong returns in a growing market. This is a rare chance to acquire a well-positioned hospitality asset with significant upside potential. The property's 93 keys are spread across two floors, offering ample space for guests. This is a fee simple ownership with no ground lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $700,000
Market price range: $267k - $701k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $440,000 Current use
- MEDICAL BUILDING
- $735,000 Change: +68% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $520,000 Change: +18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.332
- Latitude
- 31.7458
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
