12009 Indian River RdD'Iberville, MS 39540

Property Details for 12009 Indian River Rd

Year built

1999

Lot size

2.20 AC

Property size (Sq ft)

47,417 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

1408L-01-006.001

APU

1408L01006001

Description

This 101-room Comfort Inn & Suites in D'Iberville, Mississippi, presents a compelling investment opportunity. Located directly off Interstates 10 and 110, and near Highway 15 (with an AADT of approximately 20,300 vehicles), this four-story, interior-corridor hotel benefits from excellent visibility and accessibility. The property's strategic location ensures proximity to key demand generators and Biloxi's beaches, driving consistent occupancy. According to August 2023 STR data, the hotel surpasses competitive set standards in occupancy, ADR, and RevPAR, demonstrating strong historical revenue performance. The Comfort Inn & Suites brand enjoys high desirability among both consumers and investors. This established market offers a stable foundation for future growth and profitability. The asking price is $8,500,000. The property's superior location and proven performance metrics make it an attractive addition to any hospitality portfolio. This is a fee simple interest sale.

• CAP approach

  CAP return

  Valuation

  6%

  $8,540,852

  6.5%

  $7,883,864

  7%

  $7,320,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,499,975

  Geo Method

  $7,921,555

• Alternative Use

  Use

  Valuation

  Residential

  $8,606,888

  Hospitality

  $7,883,864

  Educational

  $6,559,282

  Medical

  $6,784,866

  Retail

  $10,203,327

Location Insight

City

Diberville

County

Harrison

State

Mississippi

Latitude

30.4571

Longitude

-88.8969

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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