150 Wagon Point DrHouston, TX 77090

Property Details for 150 Wagon Point Dr

Year built

1999

Construction

FRAME

Lot size

1.94 AC

Property size (Sq ft)

52,785 SF

Property type

Hotels

Property subtype

Motels

APN

1197450010001

APU

1197450010001

Description

This fee-simple, 73-key Hampton Inn & Suites by Hilton Houston – Cypress Station presents a compelling value-add opportunity. Located in Houston, Texas (77090), this 51,318 square foot, three-story hotel sits on a 1.94-acre lot and was built in 2000, undergoing a significant $2.5 million renovation from 2021-2023. The property boasts an attractive asking price of $5,000,000 ($97.43/sq ft) and offers a motivated seller. A minimal change-of-ownership property improvement plan (PIP) is anticipated. The hotel's strategic location near major employers like Exxon and HP, along with leisure attractions and George Bush Intercontinental Airport (IAH), provides strong demand generators. Despite recent renovations, the hotel's current operational efficiency is below potential, presenting significant upside for a new operator. Projections indicate a stabilized 2026 Net Operating Income (NOI) exceeding $509,000 and rooms revenue exceeding $1.65 million. The trailing twelve-month (TTM) rooms revenue shows a 6% increase, highlighting the potential for market share growth. This acquisition offers a price well below replacement cost, with a new franchise agreement available for nearly a decade. The property is offered free and clear of management encumbrances, allowing for flexible operational strategies. Financial statements are available upon request. The property's APN is 1197450010001.

• CAP approach

  CAP return

  Valuation

  6%

  $16,481,478

  6.5%

  $15,213,672

  7%

  $14,126,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,429,536

  Geo Method

  $37,137,756

• Alternative Use

  Use

  Valuation

  Residential

  $16,608,910

  Hospitality

  $15,213,672

  Educational

  $12,657,597

  Medical

  $13,092,911

  Retail

  $19,689,594

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

30.0236

Longitude

-95.431

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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