2607 Wilde Lake BlvdPensacola, FL 32526

Property Details for 2607 Wilde Lake Blvd

Year built

2008

Construction

WOOD

Lot size

2.95 AC

Property size (Sq ft)

42,464 SF

Zone code

COM

Property type

Hospitality properties

Property subtype

Hotels

APN

14-1S-31-1103-000-003

APU

141S311103000003

Description

This 63-key Country Inn & Suites, built in 2008, boasts 42,003 square feet across four stories and is situated on 1.3 acres at 2607 Wilde Lake Blvd, Pensacola, FL 32526. The property offers a compelling investment opportunity with an asking price of $8,000,000, a strong 12.33% cap rate, and an 81.95% occupancy rate, generating a net operating income (NOI) of $1,060,511. The hotel benefits from a prime location directly off Interstate 10, leveraging Pensacola's robust tourism economy driven by Naval Air Station Pensacola, beautiful beaches, a historic downtown, and a vibrant cultural scene including numerous festivals. A significant advantage is the inclusion of a $440,000 key money incentive from Choice Hotels, and an existing SBA 504 financing option with 20% down and a 7.4% interest rate. The property also includes a 20-year franchise agreement with Choice Hotels and has a planned owner improvement plan estimated at $600,000. The average revenue over the last three years was $2,435,663. This turnkey operation presents a rare opportunity for significant returns in a desirable market. The property's APN is 14-1S-31-1103-000-003 | Block-3.

• CAP approach

  CAP return

  Valuation

  6%

  $6,532,287

  6.5%

  $6,029,804

  7%

  $5,599,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,754,009

  Geo Method

  $7,094,100

• Alternative Use

  Use

  Valuation

  Residential

  $6,582,794

  Hospitality

  $6,029,804

  Educational

  $5,016,726

  Medical

  $5,189,258

  Retail

  $7,803,796

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.519

Longitude

-87.3162

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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