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PB Lodge 405 Chickamauga Dr 26 Room Hotel Dayton, TN 37321 $3,980,000 ($153,077/Room) 7.50% Cap Rate
Investment Highlights
- Fully converted and 100% occupied.
- One of a kind asset with minimal competition.
- Value-add through conversion of remaining 10 garages and/or construction of Phase II of the project (plans convey)
Executive Summary
Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property, originally built in 2021 as a hotel and converted to workforce/multifamily housing in 2025, offers 31 units and is zoned for commercial-hospitality use. This property is the only property in Dayton offering lease terms of less than 6 months, which has allowed the current owner to dominate the market for workforce housing. While the property offers the amenities of an extended-stay property, it does not incur the franchise fees typically associated with them. Having undergone a complete conversion, this property offers investors the opportunity to generate existing cash flow with additional value-add components. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents, while offering an additional income source for ownership.
Financial Summary (Actual - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,980,000 | Lot Size | 2.23 AC |
| Price Per Room | $153,077 | Building Size | 22,528 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Cap Rate | 7.50% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2021 |
| Property Subtype | Hotel | Parking Ratio | 1.38/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | HC - Commercial Hospitality | ||
| Price | $3,980,000 |
| Price Per Room | $153,077 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.23 AC |
| Building Size | 22,528 SF |
| No. Rooms | 26 |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 1.38/1,000 SF |
| Corridor | Interior |
| Zoning | HC - Commercial Hospitality |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | $160.00 | - |
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Property Taxes
| Parcel Numbers | Total Assessment | $1,322,400 | |
| Land Assessment | $155,840 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,166,560 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$155,840
Improvements Assessment
$1,166,560
Total Assessment
$1,322,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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PB Lodge | 405 Chickamauga Dr
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