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Lubbock Inn 910 Avenue Q 25 Room Hotel Lubbock, TX 79401 $1,200,000 ($48,000/Room) 13% Cap Rate
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$28.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,000
|
$28.38
|
| Taxes |
$10,000
|
$0.95
|
| Operating Expenses |
$140,000
|
$13.25
|
| Total Expenses |
$150,000
|
$14.19
|
| Net Operating Income |
$150,000
|
$14.19
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $28.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $28.38 |
| Taxes | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $0.95 |
| Operating Expenses | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $13.25 |
| Total Expenses | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $14.19 |
| Net Operating Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $14.19 |
PROPERTY FACTS
| Price | $1,200,000 | Lot Size | 0.39 AC |
| Price Per Room | $48,000 | Building Size | 10,570 SF |
| Sale Type | Investment | No. Rooms | 25 |
| Cap Rate | 13% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1961 |
| Property Type | Hospitality | Parking Ratio | 2.84/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | Hotel Commercial - Hotel - Commercial | ||
| Price | $1,200,000 |
| Price Per Room | $48,000 |
| Sale Type | Investment |
| Cap Rate | 13% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 10,570 SF |
| No. Rooms | 25 |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.84/1,000 SF |
| Corridor | Exterior |
| Zoning | Hotel Commercial - Hotel - Commercial |
AMENITIES
- Room Service
- Wheelchair Accessible
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
ABOUT 910 AVENUE Q , LUBBOCK, TX 79401
Nice Clean Hotel. Great downtown location. Close to Texas Tech. Close to M.S Freeway and Interstate I-27.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 25 | $55.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R65337 | Total Assessment | $750,000 (2025) |
| Land Assessment | $132,752 (2025) | Annual Taxes | $10,000 ($0.95/SF) |
| Improvements Assessment | $617,248 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R65337
Land Assessment
$132,752 (2025)
Improvements Assessment
$617,248 (2025)
Total Assessment
$750,000 (2025)
Annual Taxes
$10,000 ($0.95/SF)
Tax Year
2024
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Presented by
Aarya Hospitality LLC
Lubbock Inn | 910 Avenue Q
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