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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Motels
200 Centennial Blvd Lindale, TX 75771-8817
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US82-0300056
Property summary
AI-generated overview
This 65-key Comfort Suites hotel in Lindale, TX, presents a compelling investment opportunity. Built in 2008, this three-story, 48,016 square foot property sits on a 2-acre lot (APN: 14754-0000-00-0001000) and boasts a strong 9.09% cap rate with a current NOI of $575,778. The hotel's occupancy stands at 61.29%, showcasing significant year-to-date growth in 2024, exceeding competitive set growth. While a previous management challenge impacted 2023 ADR, a recent increase to $87.98 and an 8.1% rise in RevPAR demonstrate market resilience and recovery. A minimal property improvement plan (PIP) estimated at $50,000-$75,000 offers potential for further growth under new ownership. The hotel's strategic location in Lindale, near Tyler, TX, provides easy access to major cities including Dallas (90 miles), Shreveport, LA (100 miles), and Longview, TX (35 miles), enhancing both business and leisure travel opportunities. This property offers a strong foundation for a profitable hospitality investment with significant upside potential. The asking price is $5,800,000.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
48,016 SF
Lot
2 ac (87,120 SF)
APN
1-47540-0000-00-001000
UPID
US82-0300056
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$915k
Owner & transaction history
Centennial Lodging INC · 19 yrs held
Centennial Lodging INC
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+4.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lindale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,065,000
Current use
INDUSTRIAL (GENERAL)
$1,120,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,578
Tax year 2023
Assessed value
$2,997,586
Assessed 2023
Previous assessed
$2,997,586
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$679,500
Assessed improvement
$2,318,086
Land market value
$679,500
Improvement market value
$2,318,086
Total market value
$2,997,586
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Buildings
3
Total area
48,016 SF
Lot
2 ac (87,120 SF)
APN
1-47540-0000-00-001000
UPID
US82-0300056
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Buildings
3
Lot
2 ac
Current owner
From public records · entity-resolved
Centennial Lodging INC
Entity
Mailing address
200 CENTENNIAL BLVD, LINDALE, TX 75771-8817
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2007
—
Centennial Lodging INC
Maganbhai,jagadishkumar
Warranty Deed
$4,122,500 · Metropolitan National Bank
—
—
Centennial Lodging INC
—
Deed Of Trust
related
$53,500 · Property Tax Lending LP
—
—
Centennial Lodging INC
—
Deed Of Trust
related
—
—
—
Centennial Lodging INC
—
Deed Of Trust
related
—
—
—
Centennial Lodging INC
—
Deed Of Trust
related
$1,746,000 · Fort Worth Economic Dev Corp
—
—
Centennal Lodging INC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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