1525 Dumas Ave Dumas, TX 79029-5517

Property Details for 1525 Dumas Ave

Year built

1995

Lot size

1.07 lot acres

Property size

25,640 SF

Property type

Commercial real estate

APN

105635

APU

105635

Description

This exceptional investment opportunity presents a 51-key Red Roof Inn located in Dumas, Texas. Boasting 35,000 square feet across a two-story, interior corridor building on a 2-acre lot (APN: 105635 | Block-1), this recently renovated hotel offers significant upside potential. Built in 1996, the property currently enjoys a 7.26% cap rate and a Net Operating Income (NOI) of $315,511, with an occupancy rate of 55.93%. The asking price is $3,975,000, translating to approximately $78,000 per key—well below replacement cost. Strategically positioned as a central point between Texas, Colorado, and Oklahoma, the hotel benefits from its proximity to Amarillo, Texas (45 minutes north) and the iconic Route 66. The location also offers convenient access to a major airport (45-minute drive) and local attractions such as the Window on the Plains Museum (9-minute walk). The strong demand is driven by a robust local economy fueled by oil and gas, agriculture, retail, manufacturing, and service industries. This property presents a rare opportunity to acquire a well-maintained, high-performing hotel with substantial growth potential in a thriving market. Minimal to zero post-acquisition improvements are anticipated. Year-over-year revenue demonstrates a steadily upward trend.