115 Chapman Rd Byron, GA 31008-7056
- Motels
- 22,494 SF
- 1.72 lot acres
Current Use by Public Records
- Motels
Property Details for 115 Chapman Rd
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 1.72 lot acres
- Property size
- 22,494 SF
- Zone code
- C-2
- Property type
- Motels
- APN
- 055D 045
- APU
- 055D045
Description
This exceptional 60-key Quality Inn in Byron, Georgia, presents a compelling value-add investment opportunity. Located on 1.72 acres at 115 Chapman Rd, Byron, GA 31008, this two-story, exterior-corridor hotel boasts high visibility on I-75 and GA-49, near exit 149. Built in 1995 and extensively renovated between 2020 and 2023, the property features 53,333 square feet, including a large lobby, breakfast area, separate enclosed pool structure, and ample parking accommodating buses and trucks. Recent upgrades encompass new LVP flooring in the lobby and front desk, a modern exterior digital sign with the updated Quality Inn logo, new locks, furniture, carpeting, fiber optics, and parking lot improvements. The hotel, previously a Comfort Inn, consistently achieves high rankings in Quality Inn inspections, earning several awards. Currently owner-operated with daily rates only, the property shows continued revenue growth in 2024. Additional undeveloped land offers potential for expansion, such as recreational areas or extra parking. Byron's strategic location and projected above-average growth rate over the next decade, fueled by county and state economic expansion, further enhances this investment's potential. The property is offered at $2,950,000 ($55.31/sq ft) and is zoned C2. This fee-simple ownership presents a rare chance to acquire a well-maintained, high-performing hotel in a rapidly developing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $715,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $1,025,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,020,000
- Retail
- $1,120,000
- Mixed-Use
- $885,000
- Hospitality
- $1,080,000
- Educational
- $815,000
- Residential Income
- $1,100,000
- Energy
- $1,105,000
- Income-Based Land
- $1,065,000
- Food Service
- $1,050,000
Location Insight
- Map
- Local Demand
- City
- Byron
- County
- Peach
- State
- Georgia
- Longitude
- -83.7458
- Latitude
- 32.6609
- CBSA code
- 47580
- CBSA name
- WARNER ROBINS, GA METROPOLITAN STATISTICAL AREA
