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Property profile & analytics
OFF-MARKET
Motels

923 Gloster St Tupelo, MS 38804-1950

17,446 SF Built 2014
Entity Owned 14-yr Hold Free & Clear
Property ID
US50-0639688
Property summary
AI-generated overview

This exceptional 121-key Holiday Inn & Suites hotel presents a compelling institutional investment opportunity. The five-story, 75,626-square-foot property sits on a 2.25-acre lot in Tupelo, Mississippi, a regional hub conveniently located 90 miles from Memphis, TN, and 135 miles from Birmingham, AL. Built in 2014, this single-building hotel boasts a range of amenities designed to attract both business and leisure travelers. Guests enjoy access to an on-site restaurant, a cocktail lounge, an indoor pool, a fitness center, a business center, and dedicated conference space, catering to diverse needs. The hotel's strategic location places it near popular attractions such as the Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace, further enhancing its appeal and potential for strong occupancy rates. This well-maintained property offers a significant opportunity for investors seeking a proven hospitality asset in a thriving regional market. The property's size, amenities, and location combine to create a strong foundation for continued success and potential for growth. The substantial daily influx of visitors to Tupelo presents a significant market for this established hotel. This is a turnkey operation ready for a new owner to capitalize on its existing success and further develop its market position. The property's strong brand recognition and established reputation within the community contribute to its overall value and investment potential.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2014
Total area 17,446 SF
APN 089E-30-133-00
UPID US50-0639688
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
  • 923 N Gloster St Tupelo 38804 Hotel & Motel
  • Holiday Inn & Suites Tupelo North, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Leeb1 LLC · 14 yrs held
Leeb1 LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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