Gazelle Stay Studio Motel | 807 Highway 85
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Gazelle Stay Studio Motel 807 Highway 85
95 Room Hotel Socorro, NM 87801 $1,900,000 ($20,000/Room) 22.58% Cap Rate
Investment Highlights
- Seller Financing may be available
- I-25 Transient demand
- May Credit Buyer towards future renovations
- The property offers an owner/manager unit
Executive Summary
EXCLUSIVELY REPRESENTED BY ORION INVESTMENT REAL ESTATE - Dmitry Baer
This asset is situated quite elegantly on the I-25. Plenty of opportunity for revenue under the right management. Master Lease opportunity. The property offers flag repositioning with G6, Choice ( Extended Stay Brand), Wyndham, or RedRoof . The positive value-add opportunity can be significant. Unlike other markets and other comparisons, this hotel can bring maximum returns to with minimal effort. Not only is this a rare opportunity, many investors would be proud to have this in their portfolios.
This asset is situated quite elegantly on the I-25. Plenty of opportunity for revenue under the right management. Master Lease opportunity. The property offers flag repositioning with G6, Choice ( Extended Stay Brand), Wyndham, or RedRoof . The positive value-add opportunity can be significant. Unlike other markets and other comparisons, this hotel can bring maximum returns to with minimal effort. Not only is this a rare opportunity, many investors would be proud to have this in their portfolios.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,560,375
|
$49.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,560,375
|
$49.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,092,262
|
$34.55
|
| Net Operating Income |
$468,113
|
$14.81
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $1,560,375 |
| Annual Per SF | $49.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,560,375 |
| Annual Per SF | $49.36 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,092,262 |
| Annual Per SF | $34.55 |
| Net Operating Income | |
|---|---|
| Annual | $468,113 |
| Annual Per SF | $14.81 |
Property Facts
| Price | $1,900,000 | Lot Size | 2.48 AC |
| Price Per Room | $20,000 | Building Size | 31,612 SF |
| Sale Type | Investment | No. Rooms | 95 |
| Cap Rate | 22.58% | No. Stories | 2 |
| Sale Conditions | Redevelopment Project | Year Built/Renovated | 1981/2021 |
| Property Type | Hospitality | Parking Ratio | 4.2/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B |
| Price | $1,900,000 |
| Price Per Room | $20,000 |
| Sale Type | Investment |
| Cap Rate | 22.58% |
| Sale Conditions | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.48 AC |
| Building Size | 31,612 SF |
| No. Rooms | 95 |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2021 |
| Parking Ratio | 4.2/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 95 | $64.00 | - |
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zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
-
Dmitry Baer -
ORION Investment Real Estate
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Gazelle Stay Studio Motel | 807 Highway 85
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