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Property profile & analytics
OFF-MARKET Estimated value $1,840,000
Hotels

3100 El Dorado Ave El Dorado, KS 67042-8014

39,116 SF 2.5 ac lot Built 2007
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US33-1619161
Property summary
AI-generated overview

This 66-key Holiday Inn Express & Suites in El Dorado, Kansas, presents a compelling investment opportunity. Built in 2007 and situated conveniently off I-35, the hotel benefits from its proximity to both El Dorado's local attractions (El Dorado Lake & State Park, El Dorado Civic Center, Butler Community College, and major employers like Frontier Refinery, Magellan, and Chicago Bridge and Iron) and the larger Wichita metro area (population ~650,000). The Wichita area offers additional demand generators including Wichita State University, Dwight D. Eisenhower National Airport, McConnell Air Force Base, and significant corporate presence (Spirit Aerosystems, Textron Aviation, Koch Industries). The hotel features an indoor pool, fitness center, and business center. The property has demonstrated consistent strong financial performance over the past three years. The nearly completed IHG Formula Blue PIP enhances its appeal and value. This represents a chance to acquire a premier-branded hotel in a growing market at a price well below replacement cost. The property is located at 3100 El Dorado Ave, El Dorado, KS 67042. The asking price is $6,700,000.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2007
Total area 39,116 SF
Lot 2.5 ac (108,900 SF)
APN 008-213-05-0-00-00-041.00-0
UPID US33-1619161
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
  • Holiday Inn Express & Suites El Dorado, KS, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
$2.58M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.84M
Owner & transaction history
He Of El Dorado LLC · 7 yrs held
He Of El Dorado LLC
since 2018
3 recorded transactions
2018
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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