5355 Stone Mountain HwyStone Mountain, GA 30087
- Hospitality properties
- 32,297 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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