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    1807 3rd Pts Rd Pflugerville, TX 78660-1126

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    1807 3rd Pts Rd Pflugerville, TX 78660-1126


    • Hotels
    • 27,161 SF
    • 0.91 lot acres
    Off-Market
    Last Sale Mar 22, 2023
    $501,000
    Property ID
    US82-7609870
    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.

    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Bungalows Hotel & Hotel Que / Hotel & Motel

    Property Details for 1807 3rd Pts Rd

    Year built
    2022
    Lot size
    0.91 lot acres
    Property size
    27,161 SF
    Property type
    Hotels
    APN
    276260501
    APU
    276260501

    Description

    This newly constructed, 56-key hotel in Pflugerville, Texas, presents a compelling value-add investment opportunity. Boasting a prime location near I-35 and downtown Austin, the four-story, single-building property sits on a 0.9-acre lot and features 34 rooms with kitchenettes. Currently operating at 68% occupancy (as of October 24, 2023), the hotel offers significant upside potential. The property's strong NOI of $630,000, coupled with a projected first-year income exceeding $1.4 million, demonstrates its financial strength. With an asking price of $6,511,000 and a price-per-key of $116,267.86, this represents a unique chance to acquire a fee-simple, unencumbered hotel in a rapidly growing market. Projected metrics include an ADR of $99 and a RevPAR of $72 with a projected occupancy of 72%. The hotel's modern design and convenient location cater to both leisure and business travelers, offering a blend of comfort and accessibility. Its proximity to major transportation routes and the vibrant Austin area ensures strong visibility and demand. Several franchises have expressed interest in branding the property, further enhancing its investment appeal. The property is ready for immediate operation. The Travis County property (APN 278475) offers a rare combination of new construction, strong performance, and significant growth potential.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $745,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Pflugerville
    County
    Travis
    State
    Texas
    Longitude
    -97.6652
    Latitude
    30.4529
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, 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
    2022
    $0.00
    $477,243
    $0.00
    $477,243
    -
    $477,243
    $0.00
    $477,243
    More about this property
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