903 Hobsonway Blythe, CA 92225-1417
- Hotels
- 19,793 SF
- 1.80 lot acres
Current Use by Public Records
- Econo Lodge / Hotel
- Econo Lodge Blythe / Hotel / Motel
Property Details for 903 Hobsonway
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 1.80 lot acres
- Property size
- 19,793 SF
- Zone code
- C2
- Property type
- Hotels
- APN
- 836-090-040
- APU
- 836090040
Description
This fee-simple Econo Lodge in Blythe, CA, presents a compelling investment opportunity. The 49-key, two-story hotel, built in 1950 and renovated in 2022, boasts 30,000 square feet on a 1.83-acre lot zoned C2. Its strategic location near Interstate 10 ensures high visibility and easy access for travelers, attracting both leisure and business guests. The property features well-appointed rooms with amenities including free Wi-Fi, flat-screen TVs, mini-fridges, and microwaves. Additional amenities include a complimentary breakfast, an outdoor swimming pool, free parking, and pet-friendly accommodations. A business center and meeting facilities cater to corporate events, further enhancing revenue potential. The hotel's strong financial performance is reflected in its $3,200,000 asking price, $365,787 NOI, and an 11.43% cap rate. Current occupancy stands at 49.7%. Detailed financial records are available for review. Blythe's ongoing development and increasing tourism present significant opportunities for growth through targeted marketing and potential property upgrades. This represents a stable investment in a thriving market with potential for long-term appreciation. The property is available for a 1031 exchange.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,370,000
- 7%
- $1,410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,250,000
- Geo Method
- $1,310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,280,000
- Retail
- $1,320,000
- Mixed-Use
- $1,295,000
- Hospitality
- $1,240,000
- Educational
- $1,440,000
- Residential Income
- $1,140,000
- Energy
- $1,115,000
- Income-Based Land
- $1,120,000
- Food Service
- $1,160,000
Location Insight
- Map
- Local Demand
- City
- Blythe
- County
- Riverside
- State
- California
- Longitude
- -114.607
- Latitude
- 33.6107
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
