185 Tully Rd Turlock, CA 95380-3731

Property Details for 185 Tully Rd

Year built

1977

Construction

WOOD

Lot size

1.82 lot acres

Property size

18,322 SF

Property type

Hotels

Property subtype

Motels

APN

089-015-007-000

APU

89015007000

Description

This exceptional investment opportunity presents the fee-simple interest in a 67-key Days Inn located at 185 N Tully Rd, Turlock, CA 95380. This established hotel, meticulously maintained for over 30 years, boasts 26,602 square feet across two stories and offers 20 double queen and 47 single queen rooms. Situated on a 1.82-acre lot, ample parking accommodates RVs and work trucks. The property benefits from its highly trafficked location off the 99 Freeway, experiencing over 85,000 vehicles daily, and serves a strong demographic area with a 5-mile population of approximately 88,000 and an average household income of $92,781. The Days Inn brand provides strong recognition within the Wyndham Hotels & Resorts portfolio. The hotel's financial performance is impressive, with a current NOI of $550,360 and a 7.76% cap rate, and an asking price of $7,600,000. Recent renovations in 2023 included a new roof, upgraded flooring, and refreshed paint. Positive RevPAR forecasts project a 6.8% increase for economy and midscale hotels in the submarket by October 2025, supported by a projected 3% demand change and a 9.7% revenue increase. This turnkey operation presents a significant opportunity for an experienced operator to capitalize on existing revenue and further enhance profitability through operational improvements. The property's 2024 RevPAR index stands at 129%, and the Occupancy MPI at 139.7%, both consistent with averages since 2021 and projected to improve over the next 48 months. The non-owner operated status offers additional potential for cost optimization and increased NOI margins.

Location Insight

City

Turlock

County

Stanislaus

State

California

Longitude

-120.869

Latitude

37.4935

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments