7611 97Th TerKansas City, MO 64153

Property Details for 7611 97Th Ter

Year built

1997

Lot size

3.42 AC

Property size (Sq ft)

38,037 SF

Property type

Hotels

Property subtype

Motels

APN

17-7.0-36-000-013-001-000

APU

177036000013001000

Description

This fee-simple, 104-room Sleep Inn, a Choice Hotels brand, presents a compelling investment opportunity in Kansas City, Missouri. The hotel, located at 7611 NW 97th Terrace, Platte County, zip code 64153, underwent a complete renovation in 2023. Boasting a three-story, interior corridor design, this 3.35-acre property features 104 non-smoking guest rooms. Its prime location, just five miles from the Kansas City International Airport (KCI), a major transportation hub serving over 11.5 million annual passengers, ensures consistent occupancy. The hotel benefits from proximity to significant employers including Honeywell, Cerner, and Saint Luke's Health System, attracting both business and leisure travelers. Built in 1997, the property is zoned GP-2 and offers significant potential for future revenue per available room (RevPAR) growth following its recent modernization. The asking price for this stabilized investment is $5,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,098,444

  6.5%

  $7,475,487

  7%

  $6,941,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,393,848

  Geo Method

  $6,393,848

• Alternative Use

  Use

  Valuation

  Residential

  $8,161,060

  Hospitality

  $7,475,487

  Educational

  $6,219,518

  Medical

  $6,433,416

  Retail

  $9,674,805

Location Insight

City

Kansas City

County

Platte

State

Missouri

Latitude

39.2699

Longitude

-94.6687

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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