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Auction - Depot Inn & Suites | 2006 Built 1245 N Brown St 30 Room Hotel La Plata, MO 63549 $650,000 ($21,667/Room)
Investment Highlights
- STARTING BID $650,000 | Depot Inn & Suites | 2006 Built | $368K NOI | $849K Room Revenue | AUCTION OCTOBER 19-21
- Amenity-Rich Guest Experience Sets It Apart - Pool, fitness center, meeting room, breakfast, patios, bicycles, and whirlpool tubs add appeal.
- Proven Earnings with Consistent Performance - 2025 NOI reached ±$368K and approximately $849K in average annual revenue (2023-2025).
- 30-Room Boutique Hotel on ±3.55 Acres - Independent lodging asset spans 16,885 SF with 26 standard rooms and four themed luxury suites.
- Operational Upside Beyond Current Cash Flow - Rate optimization, occupancy gains, and improved efficiencies create avenues for added value.
- Diversified Northeast Missouri Demand Base - Amtrak, Truman State, A.T. Still, state parks, and Kirksville generate varied year-round visitation.
Executive Summary
Brokered by Marcus & Millichap, Depot Inn & Suites at 1245 N Brown Street in La Plata, Missouri is a 30-room, independently operated boutique hotel on ±3.55 acres. The ±16,885 SF Property includes 26 standard guest rooms and four themed luxury suites, plus a heated indoor pool, fitness center, meeting space, complimentary breakfast, outdoor recreation areas, and an extensive railroad memorabilia collection. The Hotel generated approximately $814,000, $873,000, and $861,000 of total revenue in 2023, 2024, and 2025, respectively, with three-year average NOI of approximately $393,000. ADR increased from approximately $109 in 2024 to $114 in 2025 to $116 in 2026, demonstrating continued pricing power. Located near La Plata’s Amtrak station and serving visitors to Truman State University, A.T. Still University, state parks, and the broader Kirksville area, the Property benefits from a diversified demand base. An incoming owner can preserve the Hotel’s distinctive railroad-themed identity while pursuing upside through rate optimization, occupancy growth, and operating efficiencies.
Property Facts
| Price | $650,000 | Lot Size | 3.55 AC |
| Price Per Room | $21,667 | Building Size | 15,000 SF |
| Sale Type | Investment | No. Rooms | 30 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 2006/2016 |
| Building Class | C | Corridor | Interior |
| Zoning | C1 - Motel | ||
| Price | $650,000 |
| Price Per Room | $21,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.55 AC |
| Building Size | 15,000 SF |
| No. Rooms | 30 |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2016 |
| Corridor | Interior |
| Zoning | C1 - Motel |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- On-Site Retail
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $169.00 | - |
| Guest Room | 26 | $119.00 | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 062602-0305-00000-000904 | Improvements Assessment | $309,400 |
| Land Assessment | $10,500 | Total Assessment | $319,900 |
Property Taxes
Parcel Number
062602-0305-00000-000904
Land Assessment
$10,500
Improvements Assessment
$309,400
Total Assessment
$319,900
Contacts
-
Alex Perez -
Chris Garavaglia -
Adam Sklaver -
Kyle Hynes -
Philip Kates -
Dave Saverin -
Marcus & Millichap
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