55 Sam Perl BlvdBrownsville, TX 78520

Property Details for 55 Sam Perl Blvd

Year built

1993

Lot size

0.63 AC

Property size (Sq ft)

3,820 SF

Property type

Commercial real estate

APN

01-4560-0010-0052-00

APU

145600010005200

Description

This exceptional 142-room hotel, built in 1976, presents a lucrative investment opportunity in Brownsville, Texas. Located at 55 Sam Perl Blvd., 78520, this property enjoys a prime location adjacent to a thriving shopping plaza, ensuring high visibility and convenient access for guests. Currently, the hotel boasts 50 active motel rooms and 40 occupied extended-stay rooms, demonstrating consistent profitability. However, the property also offers significant upside potential. Fifty-two rooms require renovation; 30 need minor updates, while 22 require more extensive remodeling. This presents a chance to enhance the property's value and revenue streams through strategic improvements. The hotel's strong performance is further bolstered by the positive economic outlook for Brownsville. The influx of new industry, including the expansion of the Port of Brownsville and SpaceX operations, is driving significant population growth and increased demand for hospitality services in the area. This translates to a robust and expanding market for the hotel, promising continued profitability and strong returns on investment. The asking price for this well-situated, high-potential hotel is $5,500,000. This represents a compelling opportunity to acquire a profitable asset with significant room for growth in a rapidly developing market.

• CAP approach

  CAP return

  Valuation

  6%

  $790,313

  6.5%

  $729,520

  7%

  $677,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,721

  Geo Method

  $868,171

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,393,460

  Retail / Commercial

  $722,936

  Mixed-Use / Specialty

  $726,961

  Hospitality / Lodging

  $541,945

  Office

  $729,520

  Institutional / Educational

  $758,107

  Residential Income

  $886,985

  Multifamily

  $1,027,200

  Automotive / Energy

  $649,806

  Parking / Income-Based Land

  $217,717

  Restaurant / Food Service

  $392,190

  Healthcare / Senior Housing

  $738,714

Location Insight

City

Brownsville

County

Cameron

State

Texas

Latitude

25.8989

Longitude

-97.5015

CBSA code

15180

CBSA name

BROWNSVILLE-HARLINGEN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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