215 Commerce Blvd Midway, FL 32343-6643
This exceptional investment opportunity presents a fully renovated 67-key Comfort Inn & Suites hotel in Midway, Florida. Strategically located off I-10, this three-story, 2008-built property enjoys high visibility and easy access to major roadways. A comprehensive renovation completed in June 2023 includes all-new furniture throughout the 67 units, ensuring a modern and comfortable guest experience. The hotel sits on a 2.3-acre lot, including an additional half-acre offering potential for future expansion or development. The property boasts a robust metal roof, minimizing maintenance costs, and provides ample parking with 85 spaces. Its proximity to Florida State University (9 miles) and Tallahassee International Airport makes it ideal for both business and leisure travelers. The hotel features indoor corridors and benefits from a strong brand presence and consistent revenue. This turnkey investment requires minimal additional capital expenditure, offering immediate returns and significant long-term growth potential. A virtual tour is available for a comprehensive view of the property.
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Comfort Inn & Suites Midway - Tallahassee West Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.