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Inn at Mexia 600 W Palestine St 65 Room Hotel Mexia, TX 76667 $2,500,000 ($38,462/Room) 9.38% Cap Rate
INVESTMENT HIGHLIGHTS
- 65ROOM MOTEL WiTH 2 Rental Space For Sale In North Texas... ON SIDE RESTAURANT OUTDOOR POOL • • Discount to Replacement Cost
EXECUTIVE SUMMARY
1, BUILDING SEPARATE 65 ROOM MOTEL
2, BUILDING TWO SEPARATE RENTAL SPACE LONG-TERM LEASE $4000 RENT PER MONTH
3, BULIDING MOTEL OFFICE - LAUNDRY ROOM WITH 4 BEDROOM HOME FOR MANAGER/OWNER
MOTEL LOCATED AT HIGHWAY 14 & HIGHWAY 84 CORNER
Discount to Replacement Cost
Discount to Replacement Cost
2, BUILDING TWO SEPARATE RENTAL SPACE LONG-TERM LEASE $4000 RENT PER MONTH
3, BULIDING MOTEL OFFICE - LAUNDRY ROOM WITH 4 BEDROOM HOME FOR MANAGER/OWNER
MOTEL LOCATED AT HIGHWAY 14 & HIGHWAY 84 CORNER
Discount to Replacement Cost
Discount to Replacement Cost
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,500,000 | Building Size | 58,909 SF |
| Price Per Room | $38,462 | No. Rooms | 65 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.38% | Year Built/Renovated | 1989/2016 |
| Property Type | Hospitality | Parking Ratio | 1.48/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.25 AC | ||
| Zoning | Commercial District 3 - C | ||
| Price | $2,500,000 |
| Price Per Room | $38,462 |
| Sale Type | Investment |
| Cap Rate | 9.38% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.25 AC |
| Building Size | 58,909 SF |
| No. Rooms | 65 |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2016 |
| Parking Ratio | 1.48/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial District 3 - C |
AMENITIES
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 65 | $77.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R18743 | Total Assessment | $2,500 |
| Land Assessment | $2,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R18743
Land Assessment
$2,500
Improvements Assessment
$0
Total Assessment
$2,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
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STREET VIEW
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Presented by
RAMS MEXIA INC
Inn at Mexia | 600 W Palestine St
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