195 Commerce DrVilla Rica, GA 30180

Property Details for 195 Commerce Dr

Year built

1991

Construction

STEEL FRAME

Lot size

1.15 AC

Property size (Sq ft)

24,078 SF

Zone code

GC

Property type

Hospitality properties

Property subtype

Hotels

APN

V07-011-0096

APU

V070110096

Description

Exceptional investment opportunity: a 61-room, three-story Super 8 by Wyndham hotel in Villa Rica, Georgia. This interior corridor property boasts a prime location directly on Interstate 20, offering easy access to Atlanta's bustling metropolitan area, just 40 miles from Hartsfield-Jackson Atlanta International Airport. Built in 1990, the hotel sits on a 1.15-acre lot and features a manager's apartment. Each of the 61 keys includes amenities such as a flat-screen TV, free Wi-Fi, refrigerator, microwave, coffee/tea maker, and a private bathroom. Guest amenities include a seasonal outdoor pool, business center, laundry facilities, and vending machines, along with a complimentary continental breakfast. The hotel's strong performance is evidenced by its 2023 room revenue of $1,049,000. Its proximity to major demand generators, including Fortune 500 companies, higher education institutions, healthcare centers, and entertainment venues, ensures consistent occupancy. The property's location within the rapidly growing Atlanta metropolitan area, with its robust economy and projected population growth, presents a compelling investment case. The asking price is $5,200,000. APN: 11-100-001-15. This well-maintained hotel presents a rare opportunity to acquire a profitable asset in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,346,605

  6.5%

  $4,935,328

  7%

  $4,582,804

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,580,078

  Geo Method

  $11,037,138

• Alternative Use

  Use

  Valuation

  Residential

  $5,387,944

  Hospitality

  $4,935,328

  Educational

  $4,106,134

  Medical

  $4,247,351

  Retail

  $6,387,320

Location Insight

City

Villa Rica

County

Carroll

State

Georgia

Latitude

33.7242

Longitude

-84.9411

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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