1636 Boulder Hwy Henderson, NV 89011-4122
- Motels
- 5,680 SF
- 0.63 lot acres
Current Use by Public Records
- Ingles Motel / Hotel
- LibertyX Bitcoin ATM / Atm / Currency Exchange Service
Property Details for 1636 Boulder Hwy
- Year built
- 1954
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.63 lot acres
- Property size
- 5,680 SF
- Property type
- Motels
- APN
- 178-01-312-009
- APU
- 17801312009
Description
This exceptional investment opportunity presents the Ingles Motel, a 27-unit property located at 1636 N Boulder Hwy, Henderson, NV 89011. Boasting 8,080 square feet on a 0.63-acre lot, this single-story motel underwent a complete renovation in 2021, featuring new paint, furniture, plumbing, electrical systems, doors, and windows. The property, built in 1954 and zoned for motel use, offers a compelling 11% capitalization rate with a Net Operating Income (NOI) of $467,500 and an asking price of $4,250,000 ($525.99/sq ft). The motel comprises a mix of one and two-bedroom units, generating income through daily and weekly rentals. An SBA appraisal valued the property at $4.6 million. The seller may consider financing options with a full-price offer, potentially carrying 5-10% of the purchase price. Financial details are available upon request. The motel benefits from a strong location within a growing neighborhood and enjoys low vacancy rates, making it an easily managed and highly profitable investment. This turnkey operation is ready for a new owner to continue its success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,050,000
- 6.5%
- $3,185,000
- 7%
- $3,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,275,000
- Geo Method
- $2,855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,380,000
- Retail
- $3,300,000
- Mixed-Use
- $3,110,000
- Hospitality
- $2,530,000
- Educational
- $3,130,000
- Residential Income
- $2,630,000
- Energy
- $2,750,000
- Income-Based Land
- $2,675,000
- Food Service
- $2,505,000
Location Insight
- Map
- Local Demand
- City
- Henderson
- County
- Clark
- State
- Nevada
- Longitude
- -115.006
- Latitude
- 36.0615
- CBSA code
- 29820
- CBSA name
- LAS VEGAS-PARADISE, NV METROPOLITAN STATISTICAL AREA
