2721 10Th StMcAllen, TX 78503

Property Details for 2721 10Th St

Year built

1980

Lot size

3.71 AC

Property size (Sq ft)

79,756 SF

Property type

Hotels

APN

J7800-00-000-0001-01

APU

J780000000000101

Description

This exceptional 150-key Radisson Hotel is offered at $16,395,000, representing a compelling $109,300 per key. Boasting 112,500 square feet on a 3.71-acre lot, this five-story property, built in 1975 and renovated in 2018, enjoys a prime location near McAllen International Airport (MFE) in McAllen, Texas (zip code 78503). Its strategic placement offers easy access to major highways, La Plaza Mall, and the McAllen Convention Center, attracting both business and leisure travelers. The hotel features a full-service restaurant, fitness center, outdoor pool, and flexible meeting spaces, catering to diverse guest needs. The property's strong financial performance is highlighted by an 8.51% cap rate and a net operating income (NOI) of $1,395,906. The hotel's consistent occupancy rates and robust revenue streams, combined with the established Radisson brand, present a solid investment opportunity with significant growth potential. The property is zoned CO (Commercial Office) and offers potential for expansion or rebranding. This fee-simple ownership opportunity provides a high-performing asset in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $12,448,849

  6.5%

  $11,491,245

  7%

  $10,670,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,162,039

  Geo Method

  $42,596,444

• Alternative Use

  Use

  Valuation

  Residential

  $12,545,101

  Hospitality

  $11,491,245

  Educational

  $9,560,581

  Medical

  $9,889,384

  Retail

  $14,872,015

Location Insight

City

Mcallen

County

Hidalgo

State

Texas

Latitude

26.1777

Longitude

-98.2334

CBSA code

32580

CBSA name

MCALLEN-EDINBURG-MISSION, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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