5355 Stone Mountain HwyStone Mountain, GA 30087

  • Hospitality properties
  • 32,297 SF
For Sale

Property Details for 5355 Stone Mountain Hwy

Year built
1999
Construction
WOOD
Lot size
1.26 AC
Property size (Sq ft)
32,297 SF
Zone code
C2-GENERAL BUSINESS
Property type
Hospitality properties
Property subtype
Hotels
APN
6-061 -011
APU
6061011

Description

This exceptional 57-key hotel, the Comfort Inn & Suites at Stone Mountain, presents a compelling investment opportunity in the thriving Stone Mountain, Georgia market. Located at 5355 Stone Mountain Hwy, 30087, this three-story property sits on a 1.26-acre lot in Gwinnett County. Built in 1999 and extensively renovated in 2022, the hotel boasts modern amenities and strong operational performance. The property's current performance demonstrates a robust net operating income (NOI), offering immediate returns for investors. However, the true potential lies in the significant upside for owner-operators. With a current RevPAR (Revenue Per Available Room) of $54.67 (as of September 2024 trailing twelve months), and only 66% RevPAR penetration, there's considerable room for revenue growth through strategic management and operational improvements. This presents a unique chance to capitalize on the existing strong foundation and unlock substantial additional profitability. The hotel's prime location in Stone Mountain provides excellent access to local attractions and a robust tourism base, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, high-performing hotel with significant growth potential in a desirable market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,882,072
    6.5%
    $7,275,758
    7%
    $6,756,062
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,804,654
    Geo Method
    $14,804,654
  • Alternative Use

    Use
    Valuation
    Residential
    $7,943,014
    Hospitality
    $7,275,758
    Educational
    $6,053,346
    Medical
    $6,261,530
    Retail
    $9,416,315
5355 Stone Mountain Hwy, Stone Mountain, Georgia

Location Insight

City
Stone Mountain
County
Gwinnett
State
Georgia
Latitude
33.8233
Longitude
-84.1161
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,327
$105,360
$2,004,640
$2,110,000
-
$263,400
$5,011,600
$5,275,000

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