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Property profile & analytics
OFF-MARKET Estimated value $1,170,000
Hotels

333 Rio Concho Dr San Angelo, TX 76903-5525

50,880 SF 5.19 ac lot Built 1966
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US82-6966377
Property summary
AI-generated overview

This exceptional 6,664 square foot hotel property, built in 1966, presents a unique investment opportunity in San Angelo, Texas. Located at 333 Rio Concho Dr, in Tom Green County, zip code 76903 (31.4607066, -100.4300859), this established hotel boasts 164 keys and offers significant upside potential. The property's prime location in San Angelo, a city known for its rich history and vibrant riverwalk, ensures strong demand. The existing structure presents a flexible layout, with the potential for a strategic division into two distinct properties: a 128-room SureStay hotel and a separate 36-room boutique hotel. This dual-branded approach could maximize revenue streams and cater to a wider range of guests. The property's substantial size and established presence provide a solid foundation for future growth and profitability. This is an ideal opportunity for investors seeking a well-positioned hospitality asset in a thriving Texas market. The property's proximity to the Concho River Walk, Fort Concho National Historic Landmark, and the revitalized downtown area with its restored 19th and 20th-century buildings, further enhances its appeal and potential for increased occupancy rates. This is a rare chance to acquire a significant hotel property with substantial redevelopment potential in a desirable location.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1966
Total area 50,880 SF
Lot 5.19 ac (226,207 SF)
APN 13-23500-0000-016-00
UPID US82-6966377
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
  • Pearl on the Concho SureStay Collection by Best Western Hotel & Motel
  • 333 Restaurant & Saloon Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.17M
Owner & transaction history
Pearl On The Concho INC · 13 yrs held
Pearl On The Concho INC
since 2013
3 recorded transactions
2013
Price N/A
2008
Price N/A
2006
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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