20105 Vly Vw Pkwy Independence, MO 64057-1572

This 63-key, four-story My Place Hotel in Independence, Missouri, presents a compelling value-add opportunity. Located on 1.46 acres at 20105 E Valley View Pkwy, this 29,000 square foot property boasts a prime location along Interstate 70, a major US thoroughfare. Built in 2016, the hotel offers 63 parking spaces and is zoned for commercial use. Currently generating a NOI of $464,800 with a cap rate of 8.30%, pro forma projections indicate a significant increase to $578,496 NOI and a 10.33% cap rate. The asking price is $5,600,000, representing a price per square foot of $193.10. Conservative projections suggest a stabilized Gross Room Revenue (GRR) of $1,463,292 and a Stabilized Net Operating Income (NOI) of $599,944, achievable with experienced management. Independence, a suburb of Kansas City, benefits from a robust industrial base (including Northrop Grumman) and proximity to major attractions like the Kansas City Chiefs stadium (8 miles). The Kansas City hotel market shows strong resilience, with a 61.2% occupancy rate fueled by leisure travel and major events. The city's upcoming role in hosting World Cup matches in 2026 further enhances the market outlook. This property offers significant potential for increased efficiency and cash flow, making it an attractive investment in a dynamic market.