1215 Hospitality Ln Needles, CA 92363-2865
Property profile & analytics
1215 Hospitality Ln Needles, CA 92363-2865
- Hotels
- 31,450 SF
- 2.50 lot acres
Property ID
US10-1471656
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 1215 Hospitality Ln
- Year built
- 1984
- Construction
- WOOD FRAME
- Lot size
- 2.50 lot acres
- Property size
- 31,450 SF
- Property type
- Hotels
- APN
- 0185-211-28-0000
- APU
- 185211280000
Description
This 104-key Days Inn & Suites motel in Needles, California, presents a compelling owner-user opportunity. Built in 1985 and renovated in 2023, the 36,762-square-foot property boasts a prominent location at 1215 Hospitality Ln, Needles, CA 92363. The asking price is $5,720,000. Significant renovations, exceeding $300,000, have already been completed, including new furniture, bathroom upgrades, exterior lighting, and vinyl flooring in 40 rooms. Approximately 60 rooms remain to be renovated, offering a substantial value-add opportunity for a new owner. The property benefits from the strong brand recognition of Days Inn & Suites by Wyndham, attracting a loyal customer base. Current operations show a trailing 12-month RevPAR index of $19.23, ranking 4 of 6 in its comp set, with 50% occupancy. However, projections indicate potential for significant revenue growth, reaching an annual revenue of $1,495,000 at the current comp set RevPAR of $39.40, through improved marketing, completed renovations, and efficient management. The property's proximity to the Colorado River and popular destinations like Lake Havasu and Laughlin, coupled with its strategic location for transportation and logistics, ensures strong demand. The current management structure offers further opportunities for cost optimization or owner-user management. Comparable sales in the submarket, such as the recent sale of the Rodeway Inn Needles for $9,800,000 ($84,000 per key), highlight the significant upside potential of this property. There is no new motel supply in the pipeline.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,350,000
- ML approach
- $5,315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,285,000
- 6.5%
- $3,035,000
- 7%
- $2,815,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,634,000
Market price range: $1.34M - $8.88M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Needles
- County
- San Bernardino
- State
- California
- Longitude
- -114.612
- Latitude
- 34.8376
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,496
$1,020,000
$3,570,000
$4,590,000
-
$0.00
$0.00
$0.00
