10 Rockridge RdEnglewood, OH 45322

Property Details for 10 Rockridge Rd

Year built

1974

Lot size

4.75 AC

Property size (Sq ft)

53,492 SF

Property type

Hotels

Property subtype

Motels

APN

M57 00501 0059

APU

M57005010059

Description

This exceptional 88,882 square-foot, four-story hotel presents a compelling investment opportunity. Located in Englewood, Ohio, near the Dayton airport, this Quality Inn boasts 148 keys and underwent a complete renovation in 2024, maintaining Quality Inn brand standards. Originally built in 1974, the property sits on a 4.75-4.76 acre lot and is zoned C - Motels, offering versatile usage potential. The property features a strong pro-forma NOI of $520,000, representing a 10% cap rate on the $5,200,000 asking price. This translates to a price per key of $35,135.14 and a price per square foot of $58.50. Financial records indicate positive revenue trends with significant upside potential for increased occupancy and average daily rate (ADR). The property's prime location near major transportation routes and its established presence in a thriving commercial market contribute to its strong investment potential. Minimal property improvement plan (PIP) is anticipated if the Quality Inn franchise affiliation is continued. Ample parking is available for guests and visitors. The well-maintained interior and attractive exterior enhance the property's appeal. This fee-simple acquisition offers diverse opportunities for alternative utilization, making it an attractive investment for both experienced and emerging investors seeking a strong return in the Dayton, Ohio market. The property's APN is M57 00501 0059.

Location Insight

City

Englewood

County

Montgomery

State

Ohio

Latitude

39.8587

Longitude

-84.2828

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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