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Property profile & analytics

3125 Kentwood Ave Springfield, MO 65803-4413

  • Hotels
  • 18,184 SF
  • 1.35 lot acres
OFF-MARKET
Last Sale
Mar 08, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US48-0779839
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Red Roof Inn Springfield, MO / Hotel & Motel

Property Details for 3125 Kentwood Ave

Year built
1997
Lot size
1.35 lot acres
Property size
18,184 SF
Zone code
INC
Property type
Hotels
APN
88-12-06-108-043
APU
881206108043

Description

This exceptional 53-room, two-story Red Roof Inn presents a compelling investment opportunity in Springfield, Missouri. Situated on a 1.35-acre lot (APN 12-0610-8043) at 3125 N Kentwood Ave, Springfield, MO 65803, this interior-corridor hotel, built in 1997, benefits from a recent update, including new curtains, beds, locks, and TVs within the last three years. The property boasts a strong revenue stream, generating $887,645 in room revenue in 2023, despite absentee ownership, suggesting significant upside potential with active management. Its convenient location near Missouri State University and Springfield-Branson National Airport, along with proximity to major corporations, ensures consistent occupancy. Springfield's robust growth, fueled by development in housing, commercial, and industrial sectors, further enhances the property's value. The hotel's excellent condition and minimal anticipated future capital expenditures make this a low-risk, high-reward investment. The property's location offers easy access to Interstate 44 and is close to several demand generators including three universities, science museums, a fairgrounds and events center, parks, and caverns. The seller anticipates a minimal capital expenditure plan for the next owner. There is also the possibility of converting one or two rooms into a manager's apartment. The asking price is $3,300,000.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Springfield
County
Greene
State
Missouri
Longitude
-93.2665
Latitude
37.2539
CBSA code
44180
CBSA name
SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,303
$65,410
$331,520
$396,930
-
$204,400
$1,036,000
$1,240,400
More about this property
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