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Property profile & analytics
OFF-MARKET Estimated value $1,785,000
Hotels

215 Commerce Blvd Midway, FL 32343-6643

28,130 SF 2.3 ac lot Built 2008
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US18-4231999
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,130 SF
Lot 2.3 ac (100,188 SF)
APN 4-10-1N-2W-0000-00334-0400
UPID US18-4231999
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
Current use
Occupant on record · Public records
  • Comfort Inn & Suites Midway - Tallahassee West Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.72M
CAP Approach CAP
$1.85M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.79M
Owner & transaction history
Mukesh T Patel · 8 yrs held
Mukesh T Patel
since 2018
5 recorded transactions
2025
Price N/A
2018
$4.7M
2015
$2.9M
2006
Price N/A
2005
$635,714
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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