1620 Westport Dr Topeka, KS 66604-4032
Property profile & analytics
1620 Westport Dr Topeka, KS 66604-4032
- Motels
- 3.49 lot acres
Property ID
US33-0937648
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
- Residence Inn Topeka / Hotel & Motel
Property Details for 1620 Westport Dr
- Year built
- 1995
- Lot size
- 3.49 lot acres
- Zone code
- C4
- Property type
- Motels
- APN
- 142-04-0-20-05-001.07
- APU
- 142040200500107
Description
This 66-key Residence Inn in Topeka, Kansas, presents a compelling investment opportunity. Located at 1620 SW Westport Dr, Topeka, KS 66604, this three-story, 47,685 square foot hotel sits on a 3.12-acre lot and was built in 1995. Currently operating with a 72.58% occupancy rate and an average daily rate (ADR) of $119.89, the property boasts a trailing 12-month revenue of $2,111,000, exceeding a historical high of $2,390,000. The asking price is $6,200,000, representing a 2.94x revenue multiple (before potential property improvement plan (PIP) completion). The hotel's Net Operating Income (NOI) is $682,955, yielding a 7.89% cap rate. While currently requiring a full PIP from Marriott, upon completion, this property is poised for significant revenue growth, given its strong ADR market and location near major interstates and a shopping mall. Topeka's robust economy, driven by state government, major corporations (including Stormont Vail Health, Blue Cross Blue Shield of Kansas, Goodyear Tire & Rubber Company, Hill's Pet Nutrition, Security Benefit, and Evergy), and its proximity to Kansas City, Lawrence, and Manhattan, ensures a consistent demand for hotel accommodations. The per-room price of $119,000 represents a significant discount compared to new construction costs for a similar Marriott Residence Inn. This is a motivated seller situation
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Topeka
- County
- Shawnee
- State
- Kansas
- Longitude
- -95.7583
- Latitude
- 39.0371
- CBSA code
- 45820
- CBSA name
- TOPEKA, KS 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
$178,075
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
