1911 Wall StWeatherford, TX 76086

Property Details for 1911 Wall St

Year built

2006

Lot size

0.93 AC

Property size (Sq ft)

30,038 SF

Property type

Hospitality properties

Property subtype

Motels

APN

17580-004-003-00

APU

1758000400300

Description

This exceptional 50-key Clarion Inn & Suites hotel in Weatherford, Texas, presents a lucrative investment opportunity. Boasting 21,824 square feet across three stories, this interior corridor property underwent a complete renovation in 2023 and features an indoor pool. A 2021 Property Improvement Plan (PIP) included a new roof. The hotel's on-site restaurant and bar contribute approximately $100,000 in annual revenue. Financial performance is strong, with the 2023 Revenue Per Available Room (RevPAR) exceeding the competitive set following the PIP completion. The property's Gross Rent Multiplier (GRM) reflects this success, with a 4.09 GRM in 2022 and a 4.41 GRM in 2023. Situated on a 0.93-acre lot (APN R000025899) in a high-traffic area of South Weatherford, the hotel benefits from its proximity to a major North Texas healthcare provider and is conveniently located approximately one hour from Dallas Fort Worth International Airport. The property is zoned Commercial and was originally built in 2007. This turnkey operation offers significant potential for continued growth and strong returns. The property's prime location and recent upgrades make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $9,399,386

  6.5%

  $8,676,356

  7%

  $8,056,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,731,989

  Geo Method

  $21,133,730

• Alternative Use

  Use

  Valuation

  Residential

  $9,472,060

  Hospitality

  $8,676,356

  Educational

  $7,218,626

  Medical

  $7,466,886

  Retail

  $11,228,975

Location Insight

City

Weatherford

County

Parker

State

Texas

Latitude

32.733

Longitude

-97.7902

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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