5355 Stone Mountain HwyStone Mountain, GA 30087

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

Hotels

Property subtype

Motels

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.

• 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

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

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