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Property profile & analytics
OFF-MARKET Estimated value $890,000
Motels

1786 Business Hwy 83 Mission, TX 78572-7226

24,802 SF 2.56 ac lot Built 1990
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US82-7075292
Property summary
AI-generated overview

This exceptional 50-room motel in Mission, Texas, presents a lucrative investment opportunity. Situated on a prominent 2.56-acre corner lot at the intersection of three major thoroughfares – Expressway 83 Frontage, Business Highway 83, and Inspiration Road – this property boasts unparalleled visibility and accessibility. The 48,284 square foot property, built in 1990, includes two buildings and features a desirable C3 zoning designation. The high-traffic location, with a combined daily traffic count exceeding 23,615 vehicles (not including the 70,808 VPD on Expressway 83), ensures consistent exposure and potential for strong revenue generation. The property includes an income-producing restaurant space and private 3-bedroom living quarters. All furniture and fixtures are included in the sale. This well-maintained motel benefits from its location in a rapidly growing area with significant ongoing development, making it an ideal investment for discerning buyers seeking a high-return property in a prime location. The asking price is $3,000,000, representing a price per square foot of $62.13. This fee-simple ownership opportunity offers significant potential for future growth and profitability. The property's strategic location, combined with its existing income stream and potential for expansion, makes it a compelling investment prospect.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1990
Total area 24,802 SF
Lot 2.56 ac (111,514 SF)
APN T1010-00-000-000A-00
UPID US82-7075292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Executive Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$589k
Blend (final) Blend
$890k
Owner & transaction history
Bharat Gordhan · 22 yrs held
Bharat Gordhan
since 2004
4 recorded transactions
2004
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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