2645 Lyndon B Johnson Fwy Farmers Branch, TX 75234-7301
- Hotels
- 217,789 SF
- 7.12 lot acres
Current Use by Public Records
- Hotels
Property Details for 2645 Lyndon B Johnson Fwy
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 7.12 lot acres
- Property size
- 217,789 SF
- Zone code
- Z236
- Property type
- Hotels
- APN
- 24149540000010000
- APU
- 24149540000010000
Description
This exceptional 350-key hotel presents a compelling investment opportunity. Located at 2645 Lyndon B Johnson Fwy in Dallas, Texas (zip code 75234), this six-story, 217,789 square foot property sits on a 7.12-acre lot and boasts 467 parking spaces. Built in 1970 and renovated in 2013, the hotel benefits from a prime location with direct access to LBJ Freeway and Interstate 35, experiencing high daily traffic volume. The property is situated within the Dallas-Fort Worth MSA, midway between Downtown Dallas and Frisco, offering convenient access to major demand generators. Currently operating under a temporary Wyndham franchise agreement, the property offers a new owner the flexibility to retain the Wyndham brand or rebrand to another option, such as Sonesta. The sale includes the fee simple interest, unencumbered by debt or existing management contracts, providing complete operational control. The property is offered below replacement cost, presenting significant value-add potential through renovations and strategic management. With limited new hotel construction in the submarket, this presents a low-risk, high-reward opportunity for a motivated buyer. The property's APN is 24149540000010000 and is zoned PD. The seller is a private equity firm seeking to divest this asset. The property is approximately ten minutes from DFW International Airport and twelve minutes from Downtown Dallas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,410,000
- 6.5%
- $2,430,000
- 7%
- $2,615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,645,000
- Geo Method
- $2,365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,915,000
- Retail
- $2,785,000
- Mixed-Use
- $2,550,000
- Hospitality
- $2,300,000
- Educational
- $2,815,000
- Residential Income
- $2,400,000
- Energy
- $2,605,000
- Income-Based Land
- $2,565,000
- Food Service
- $2,210,000
Location Insight
- Map
- Local Demand
- City
- Farmers Branch
- County
- Dallas
- State
- Texas
- Longitude
- -96.8894
- Latitude
- 32.9107
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
