20105 Vly Vw Pkwy Independence, MO 64057-1572

Property Details for 20105 Vly Vw Pkwy

Year built

2017

Construction

WOOD

Lot size

1.46 lot acres

Property size

7,457 SF

Property type

Hotels

Property subtype

Motels

APN

34-620-04-23

APU

346200423

Description

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.

Location Insight

City

Independence

County

Jackson

State

Missouri

Longitude

-94.3447

Latitude

39.0364

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments