1802 Overland Trl Abilene, TX 79601-6604
Property profile & analytics
1802 Overland Trl Abilene, TX 79601-6604
- Commercial real estate
- 40,950 SF
- 2.48 lot acres
Property ID
US82-4478071
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
- Holiday Inn Express & Suites Abilene, an IHG Hotel / Hotel & Motel
Property Details for 1802 Overland Trl
- Year built
- 2001
- Lot size
- 2.48 lot acres
- Property size
- 40,950 SF
- Property type
- Commercial real estate
- APN
- 31280000600
- APU
- 31280000600
Description
This exceptional 66-room Holiday Inn Express in Abilene, Texas, presents a compelling investment opportunity. Boasting 40,950 square feet across three stories, this fee-simple property sits on a 2.48-acre lot and was built in 2001, with renovations completed in 2019. The hotel is zoned for commercial use and benefits from a prime location near Interstate 20 and Abilene Regional Airport, ensuring convenient access for guests and employees. Abilene's robust economy, driven by government, education, healthcare, and manufacturing, provides a strong market for hospitality. The property's strong performance, reflected in its occupancy, ADR, and REVPAR, positions it favorably within the local competitive set. The asking price of $8,500,000 represents a compelling value, particularly given the minimal capital expenditure required. This represents a significant opportunity for a new owner to implement operational improvements and enhance revenue generation strategies. The property's location near major employers like Dyess Air Force Base, Hendrick Health System, and several universities further strengthens its appeal. The surrounding area is characterized by a strong community spirit, creating a favorable environment for business growth. This turnkey operation offers immediate income potential with significant upside for a savvy investor. The property is offered unencumbered by management agreements or debt, providing complete operational control to the new owner.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,985,000
- 6.5%
- $6,450,000
- 7%
- $5,990,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,130,000
Market price range: $1.66M - $6.13M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.695
- Latitude
- 32.4762
- CBSA code
- 10180
- CBSA name
- ABILENE, TX 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
$119,220
$701,621
$4,470,379
$5,172,000
-
$701,621
$4,470,379
$5,172,000
