1807 Three Points RdPflugerville, TX 78660

Property Details for 1807 Three Points Rd

Year built

2022

Lot size

0.91 AC

Property size (Sq ft)

27,161 SF

Property type

Hotels

APN

276260501

APU

276260501

Description

This newly constructed, 56-key hotel in Pflugerville, Texas, presents a compelling value-add investment opportunity. Boasting a prime location near I-35 and downtown Austin, the four-story, single-building property sits on a 0.9-acre lot and features 34 rooms with kitchenettes. Currently operating at 68% occupancy (as of October 24, 2023), the hotel offers significant upside potential. The property's strong NOI of $630,000, coupled with a projected first-year income exceeding $1.4 million, demonstrates its financial strength. With an asking price of $6,511,000 and a price-per-key of $116,267.86, this represents a unique chance to acquire a fee-simple, unencumbered hotel in a rapidly growing market. Projected metrics include an ADR of $99 and a RevPAR of $72 with a projected occupancy of 72%. The hotel's modern design and convenient location cater to both leisure and business travelers, offering a blend of comfort and accessibility. Its proximity to major transportation routes and the vibrant Austin area ensures strong visibility and demand. Several franchises have expressed interest in branding the property, further enhancing its investment appeal. The property is ready for immediate operation. The Travis County property (APN 278475) offers a rare combination of new construction, strong performance, and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $7,172,016

  6.5%

  $6,620,322

  7%

  $6,147,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,109,570

  Geo Method

  $19,109,570

• Alternative Use

  Use

  Valuation

  Residential

  $7,227,468

  Hospitality

  $6,620,322

  Educational

  $5,508,030

  Medical

  $5,697,460

  Retail

  $8,568,047

Location Insight

City

Pflugerville

County

Travis

State

Texas

Latitude

30.4529

Longitude

-97.6652

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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