11221 San Pedro AveSan Antonio, TX 78216

Property Details for 11221 San Pedro Ave

Year built

1985

Lot size

2.73 AC

Property size (Sq ft)

23,040 SF

Property type

Hotels

APN

13847-000-0490

APU

138470000490

Description

This exceptional investment opportunity presents a 117-key Studio 6 Extended Stay Hotel located at 11221 San Pedro Ave, San Antonio, TX 78216. Boasting a strong 90% occupancy rate (as of July 31, 2024), this three-story, 53,390 square foot property offers a compelling value-add proposition. Built in 1986 and renovated in 2022, the hotel features three buildings situated on a 2.73-acre lot. Amenities include an outdoor pool, fitness center, business center, meeting room, laundry facilities, and a sundry shop. Each of the 117 keys is equipped with a microwave, refrigerator, work desk, lounge chair, and flat-screen television. The property generates a substantial Net Operating Income (NOI) exceeding $725,000, resulting in an attractive 11.15% cap rate and a price per key of $55,555.56. The hotel benefits from its convenient location near San Antonio International Airport and major roadways, providing easy access to the city's numerous attractions and business districts. This fee-simple ownership offers significant upside potential through operational enhancements and capital improvements. The property is zoned for commercial use. This is a rare opportunity to acquire a well-established, high-performing extended-stay hotel in a thriving Texas market. The asking price is $6,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,750,765

  6.5%

  $5,308,398

  7%

  $4,929,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,305,307

  Geo Method

  $12,305,307

• Alternative Use

  Use

  Valuation

  Residential

  $5,795,228

  Hospitality

  $5,308,398

  Educational

  $4,416,525

  Medical

  $4,568,416

  Retail

  $6,870,150

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5432

Longitude

-98.4922

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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