1399 Bench RdPocatello, ID 83201

Property Details for 1399 Bench Rd

Year built

1965

Lot size

8.00 AC

Property type

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.

• 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

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

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