Inn at Mexia | 600 W Palestine St
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Inn at Mexia 600 W Palestine St
65 Room Hotel Mexia, TX 76667 $3,543,675 CAD ($54,518 CAD/Room) 9.79% Cap Rate
Investment Highlights
- 65ROOM MOTEL WiTH 2 Rental Space For Sale In North Texas... ON SIDE RESTAURANT OUTDOOR POOL • •
Executive Summary
1, BUILDING SEPARATE 65 ROOM MOTEL
2, BUILDING TWO SEPARATE RENTAL SPACE LONG-TERM LEASE $4500 RENT PER MONTH
3, BULIDING MOTEL OFFICE - LAUNDRY ROOM WITH 5 BEDROOM HOME FOR MANAGER/OWNER
MOTEL LOCATED AT HIGHWAY 14 & HIGHWAY 84 CORNER
2, BUILDING TWO SEPARATE RENTAL SPACE LONG-TERM LEASE $4500 RENT PER MONTH
3, BULIDING MOTEL OFFICE - LAUNDRY ROOM WITH 5 BEDROOM HOME FOR MANAGER/OWNER
MOTEL LOCATED AT HIGHWAY 14 & HIGHWAY 84 CORNER
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,543,675 CAD | Building Size | 58,909 SF |
| Price Per Room | $54,518 CAD | No. Rooms | 65 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.79% | 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 |
| Price | $3,543,675 CAD |
| Price Per Room | $54,518 CAD |
| Sale Type | Investment |
| Cap Rate | 9.79% |
| 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 |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 65 | $109.15 CAD | - |
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PROPERTY TAXES
| Parcel Number | R18743 | Total Assessment | $3,544 CAD |
| Land Assessment | $3,544 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R18743
Land Assessment
$3,544 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,544 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | Commercial District 3 (C) |
| Commercial District 3 (C) |
-
MANISH PATEL - RAMS MEXIA INC
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RAMS MEXIA INC
Inn at Mexia | 600 W Palestine St
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