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Property profile & analytics
OFF-MARKET Estimated value $755,000
Motels

979 Gloster St Tupelo, MS 38804-1950

11,618 SF Built 2013
Entity Owned 14-yr Hold Free & Clear
Property ID
US50-0903489
Property summary
AI-generated overview

This exceptional 79-key hospitality investment presents a unique opportunity. The four-story, 41,996 square foot Candlewood Suites hotel, built in 2013, sits on a 1.58-acre lot in Tupelo, Mississippi. Strategically located at the intersection of Gloster Street and McCullough Boulevard, this property enjoys high visibility and easy access. The hotel boasts a range of amenities designed for guest comfort and convenience, including a fitness center, guest laundry services, and fully equipped kitchens in each room. Additional features include an indoor pool, business center, outdoor gazebo with grill area. Its proximity to Tupelo's key attractions—Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace—further enhances its appeal. The hotel's location in Northeast Mississippi, a region known as the Hils, places it within convenient driving distance of major cities like Memphis, Tennessee (90 miles) and Birmingham, Alabama (135 miles), serving as a regional hub. This institutional-grade investment offers significant potential for growth and return. The property's strong location and comprehensive amenities make it an attractive option for investors seeking a well-established hospitality asset in a thriving market. The single building structure simplifies management and maintenance.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2013
Total area 11,618 SF
APN 089A-30-117-00
UPID US50-0903489
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
  • Candlewood Suites Tupelo North, an IHG Hotel Hotel & Motel
  • Grata Grille & Bar Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k
Owner & transaction history
Leeb4 LLC · 14 yrs held
Leeb4 LLC
since 2012
3 recorded transactions
2022
Price N/A
2016
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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