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Royal Inn 2900 S Pine Ave 50 Room Hotel Ocala, FL 34471 For Sale
Investment Highlights
- $273,918 NOI At 72% Occupancy
Executive Summary
This offering is a 50-Rm motel that is currently operating with 40 rooms and is still producing a high annual revenue and NOI. The new owner may consider completing the 10 remaining rooms, which is estimated to be between $50,000-$100,000 to complete. The new owner may also consider adding Kitchenettes to each room, offering Extended Stay suites for patrons.
This offering include:
• .2.47-acres
• 50-Unit Motel - 30,379 SF (40-rooms currently in operation)
• Built/Renovated: 1957
• New Roof
• Current Occupancy: 100% (40-rooms)
• Current Gross Revenue: $537,962 (2024)
• Current NOI: $263,918 (2024)
This offering include:
• .2.47-acres
• 50-Unit Motel - 30,379 SF (40-rooms currently in operation)
• Built/Renovated: 1957
• New Roof
• Current Occupancy: 100% (40-rooms)
• Current Gross Revenue: $537,962 (2024)
• Current NOI: $263,918 (2024)
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | No. Rooms | 50 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1953 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Lot Size | 2.74 AC | Corridor | Exterior |
| Building Size | 19,092 SF | ||
| Zoning | B4 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.74 AC |
| Building Size | 19,092 SF |
| No. Rooms | 50 |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.84/1,000 SF |
| Corridor | Exterior |
| Zoning | B4 |
Amenities
- Business Center
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $44.00 | - |
Property Taxes
| Parcel Number | 30302-000-00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $1,109,216 (2025) |
Property Taxes
Parcel Number
30302-000-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,109,216 (2025)
-
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Royal Inn | 2900 S Pine Ave
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