1399 Bench RdPocatello, ID 83201

  • Hospitality properties
  • 8.00 AC
For Sale
$10,500,000 View listing

Property Details for 1399 Bench Rd

Year built
1965
Lot size
8.00 AC
Property type
Hospitality properties
Property subtype
Hotels
APN
RPCPP011700
APU
RPCPP011700

Description

This 206-key hotel, boasting a recent 2024 renovation, presents a compelling investment opportunity. Situated on 8.42 acres in Pocatello, Idaho, this two-story property offers significant upside potential. The hotel features a large indoor courtyard with a heated pool (the largest in Pocatello), a game room, fitness center, restaurant/bar, and seven meeting/event spaces. The property, previously a Clarion hotel, now operates as a mix of hotel and extended-stay accommodations, including 156 hotel rooms and 50 extended-stay rooms. Over $850,000 in capital improvements have been completed in the last three years, with an additional ~$100,000 slated for exterior stucco and improvements. The property's prime location off Interstate 15, four miles from downtown Pocatello, benefits from transient demand to and from Yellowstone National Park and proximity to Idaho State University and numerous state and national parks. The expansive lot size allows for potential expansion or the sale of excess land. Unutilized spaces and opportunities for improved management and operating efficiencies further enhance the investment's potential. The asking price is $10,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $84,263,720
    6.5%
    $77,781,896
    7%
    $72,226,048
  • Comparable approach

    Method
    Valuation
    Relative Method
    $170,380,128
    Geo Method
    $170,380,128
  • Alternative Use

    Use
    Valuation
    Residential
    $84,915,232
    Hospitality
    $77,781,896
    Educational
    $64,713,624
    Medical
    $66,939,224
    Retail
    $100,665,640
1399 Bench Rd, Pocatello, Idaho

Location Insight

City
Pocatello
County
Bannock
State
Idaho
Latitude
42.9005
Longitude
-112.435
CBSA code
38540
CBSA name
POCATELLO, ID 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
$56,631
$2,090,880
$5,321,484
$7,412,364
-
$2,090,880
$5,321,484
$7,412,364

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