203 Brabham DrEnterprise, AL 36330

Property Details for 203 Brabham Dr

Year built

2010

Lot size

2.08 AC

Property size (Sq ft)

40,743 SF

Property type

Hotels

APN

1608281000002017

APU

1608281000002017

Description

This fee-simple 83-suite Candlewood Suites hotel in Enterprise, Alabama, presents a compelling investment opportunity. Built in 2010, this three-story property sits on 2.09 acres and boasts a prime location near Fort Novosel (formerly Fort Rucker), home to over 25,000 military and civilian personnel. The hotel benefits from proximity to major medical facilities, including Medical Center Enterprise and Enterprise Health & Rehabilitation Center, and is just a short distance from downtown Enterprise's charming atmosphere and local attractions like the Boll Weevil Monument. The property requires minimal capital improvements upon acquisition. Furthermore, a state-of-the-art recreational facility, including indoor/outdoor gyms, tennis courts, and swimming pools, is slated for completion in 2024, further enhancing the area's appeal and potentially boosting occupancy rates. The hotel's location in the Tri-State area, with Florida and Georgia within easy reach, adds to its market appeal. This offering represents a rare chance to acquire a well-positioned hotel with significant growth potential in a thriving community. The asking price is $8,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,280,440

  6.5%

  $3,028,100

  7%

  $2,811,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,461,960

  Geo Method

  $2,461,960

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,291,700

  Retail / Commercial

  $4,922,090

  Mixed-Use / Specialty

  $4,624,430

  Office

  $4,305,200

  Institutional / Educational

  $4,707,430

  Residential Income

  $5,507,690

  Multifamily

  $8,158,520

  Automotive / Energy

  $4,034,940

  Parking / Income-Based Land

  $1,669,150

  Restaurant / Food Service

  $1,807,390

  Healthcare / Senior Housing

  $5,029,510

Location Insight

City

Enterprise

County

Coffee

State

Alabama

Latitude

31.295

Longitude

-85.847

CBSA code

21460

CBSA name

ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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