4013 Houston Harte ExpySan Angelo, TX 76901

Property Details for 4013 Houston Harte Expy

Lot size

2.39 AC

Property size (Sq ft)

42,048 SF

Property type

Hotels

APN

22-40050-0001-013-00

APU

2240050000101300

Description

This exceptional 123-key, four-story WoodSpring Suites extended-stay hotel, built in 2014, presents a lucrative investment opportunity in San Angelo, Texas. Located at 4013 W Houston Harte Expy, San Angelo, TX 76901 (APN 22-40050-0001-013-00), this Choice-branded property boasts high profit margins and low maintenance costs, a hallmark of the WoodSpring Suites brand. Each spacious suite includes a full kitchenette equipped with cooking utensils and a guest laundry facility, catering to the extended-stay market. The hotel benefits from a turnkey operation, requiring no property improvement plan (PIP) from Choice Hotels upon transfer of ownership. A full operational staff, including a General Manager, Assistant General Manager, front desk personnel, and housekeeping, is in place, making this an ideal investment for an absentee owner. Conveniently situated near Interstates 14 & 27, this B1-zoned property offers an assumable CMBS loan with a favorable 4.88% interest rate and a 30-year amortization, further enhancing its appeal. The asking price is $7,500,000. This represents a rare opportunity to acquire a well-managed, high-performing hotel with significant upside potential. The property is fully operational and ready for immediate ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $9,602,969

  6.5%

  $8,864,279

  7%

  $8,231,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,457,186

  Geo Method

  $22,457,186

• Alternative Use

  Use

  Valuation

  Residential

  $9,677,217

  Hospitality

  $8,864,279

  Educational

  $7,374,976

  Medical

  $7,628,613

  Retail

  $11,472,185

Location Insight

City

San Angelo

County

Tom Green

State

Texas

Latitude

31.4473

Longitude

-100.492

CBSA code

41660

CBSA name

SAN ANGELO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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