5635 Tillmans Cor Pkwy Mobile, AL 36619-1977
- Hotels
- 22,399 SF
- 0.92 lot acres
Current Use by Public Records
- Red Roof Inn & Suites Mobile SW - I-10 / Hotel / Extended Stay Hotel
Property Details for 5635 Tillmans Cor Pkwy
- Year built
- 1998
- Lot size
- 0.92 lot acres
- Property size
- 22,399 SF
- Property type
- Hotels
- APN
- 33 08 27 2 000 023.01X
- APU
- 330827200002301X
Description
This exceptional investment opportunity presents a 46-key Red Roof Inn hotel in Mobile, Alabama. Located at 5635 Tillmans Corner Pkwy, 36619, this property boasts a prime location directly off a high-traffic interstate, within a thriving hotel corridor. The hotel, encompassing 22,399 square feet across a single building, underwent a complete renovation in 2023, ensuring modern amenities and optimal operational efficiency. The asking price is $3,500,000, translating to $156.26 per square foot. Financial performance data and detailed location information are available upon request and execution of a non-disclosure agreement. This turnkey operation offers immediate returns and significant growth potential, making it an ideal acquisition for experienced hospitality investors seeking a branded, high-performing asset in a desirable market. The property includes a swimming pool and other amenities. This is a rare opportunity to acquire a well-established, high-performing hotel in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,885,000
- 6.5%
- $2,180,000
- 7%
- $2,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,760,000
- Geo Method
- $1,965,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,300,000
- Retail
- $1,710,000
- Mixed-Use
- $2,105,000
- Hospitality
- $1,910,000
- Educational
- $1,820,000
- Residential Income
- $2,255,000
- Energy
- $2,300,000
- Income-Based Land
- $2,010,000
- Food Service
- $2,025,000
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1717
- Latitude
- 30.5864
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA