Property profile

1595 Park Pl Blvd Stone Mountain, GA 30087

OFF-MARKET
Hotels
Property ID
US22-1638326
23,374 SF 1.69 ac lot Built 1997
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 59-key hotel presents a compelling investment opportunity in the thriving Stone Mountain, Georgia market. Built in 1998, this two-story property sits on a spacious 1.69-acre lot at 1595 E Park Pl Blvd, Stone Mountain, GA 30087, within Gwinnett County. The hotel's strong performance is evidenced by a robust 2023 RevPAR of $64.65, reflecting consistent demand and operational efficiency. Furthermore, the property boasts a commendable average Net Operating Income (NOI) margin of 38.3% over the past three years (2021-2023), demonstrating its profitability and resilience. In 2023 alone, the hotel generated a substantial NOI of $469,000. This well-established hotel offers a rare blend of established performance and significant growth potential in a desirable location. The property's size and location provide ample opportunity for future expansion or operational enhancements. This turnkey operation is ideal for investors seeking a proven, high-performing asset in a dynamic market. Detailed financial statements are available upon request. This is a chance to acquire a profitable hospitality asset with a strong track record and significant upside potential.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1997
Construction WOOD
Total area 23,374 SF
Lot 1.69 ac (73,616 SF)
Zoning code C2-GENERAL BUSINESS
APN 6-061 -130
UPID US22-1638326

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1595 Park Pl Blvd Stone Mountain, GA 30087-3443
Stone Mountain metro Census 50430 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$608k
Blend (final) Blend
$705k

Owner & transaction history

since 2019
7 recorded transactions
2019
$3.7M
2018
Price N/A
2017
$2.6M
2017
Price N/A
2013
$1.5M
2004
$2.1M
1969
Price N/A

Zoning & alternative use

C2-GENERAL BUSINESS · Stone Mountain, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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