5001 Hwy 80 Odessa, TX 79761
Property profile & analytics
5001 Hwy 80 Odessa, TX 79761
- Motels
- 40,000 SF
- 3.93 lot acres
Property ID
US82-6998275
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.
Location Intelligence
Current Use by Public Records
- La Quinta Inn by Wyndham Odessa / Hotel & Motel
Property Details for 5001 Hwy 80
- Year built
- 1980
- Lot size
- 3.93 lot acres
- Property size
- 40,000 SF
- Zone code
- EF7
- Property type
- Motels
- APN
- 32660.06720.00000
- APU
- 326600672000000
Description
This fee-simple, 122-key La Quinta Inn by Wyndham hotel in Odessa, Texas, is offered at $6,000,000 ($49,180 per key). Built in 1981, this two-story, mixed-corridor property sits on a 3.93-acre lot at 5001 W Hwy 80 E, boasting high visibility and easy access to East Business Interstate 20, with an average daily traffic count of approximately 19,000 vehicles. The hotel is conveniently located less than 10 miles from Midland International Airport. Amenities include an outdoor pool, business center, breakfast area, outdoor barbecue grill, on-site guest laundry, and a sundry shop. Recent capital expenditures totaling $230,000 have enhanced key areas of the hotel, and partial room renovations are nearing completion with furniture, fixtures, and equipment already on-site. The hotel achieved a 108 percent RevPAR (RGI) Index in the trailing twelve months ending May 2024. Odessa's robust economy, driven by the energy sector and supported by major employers like Halliburton, Liberty Oilfield Services, and Saulsbury Industries, fuels strong demand for lodging. The hotel's proximity to attractions such as the West Texas Event Center, Stonehenge Replica, and Music City Mall further enhances its appeal. This investment presents a compelling opportunity for long-term value and profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $865,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,141,000
Market price range: $864k - $2.37M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.313
- Latitude
- 31.8739
- CBSA code
- 36220
- CBSA name
- ODESSA, TX 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
$61,886
$618,675
$2,316,825
$2,935,500
-
$618,675
$2,316,825
$2,935,500
