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North Shore Inn at Lake Mead 520 N Moapa Valley Blvd 43 Room Hotel Overton, NV 89040 $5,929,399 CAD ($137,893 CAD/Room) 12% Cap Rate
INVESTMENT HIGHLIGHTS
- 43 Rooms, Interior Corridor, 1 Hour From Las Vegas
- Popular Leisure Demand Generators Nearby: Lake Mead National Recreation Area (6.4M Visitors), Valley of Fire State Park (760,000 Visitors)
- Low Operating Costs: No Franchise Fees, No Franchise PIP Requirements, Minimal Staffing Needs
- High Cash-Flowing Investment: 2024 Net Income $509,676 (12% Capitalization Rate)
- Average Daily Rate Over $100
- Qualifies for SBA Financing with 15% Down Payment; Manager's Apartment Available
EXECUTIVE SUMMARY
The North Shore Inn is a high cash-flowing hotel investment. Located 1 hour from Las Vegas, the hotel benefits from several popular leisure demand generators nearby. Lake Mead National Recreation Area brings over 6.4 million visitors and ranks as the 9th most visited National Park Area in the country. Also nearby is Valley of Fire State Park known for its unique red sandstone formations, drawing over 760,000 visitors to the area.
The North Shore Inn benefits from limited competition in the area and commands a strong Average Daily Rate over $100. The business has low operating costs with no franchise fees or franchise PIP requirements, and with 43 rooms it is a manageable-sized operation with modest staffing needs. The hotel also includes a manager's apartment, allowing for efficient onsite management.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
The North Shore Inn benefits from limited competition in the area and commands a strong Average Daily Rate over $100. The business has low operating costs with no franchise fees or franchise PIP requirements, and with 43 rooms it is a manageable-sized operation with modest staffing needs. The hotel also includes a manager's apartment, allowing for efficient onsite management.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
PROPERTY FACTS
| Price | $5,929,399 CAD | Lot Size | 3.07 AC |
| Price Per Room | $137,893 CAD | Building Size | 23,164 SF |
| Sale Type | Investment | No. Rooms | 43 |
| Cap Rate | 12% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2004 |
| Property Subtype | Hotel | Parking Ratio | 3.45/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-2, County - General Commercial | ||
| Price | $5,929,399 CAD |
| Price Per Room | $137,893 CAD |
| Sale Type | Investment |
| Cap Rate | 12% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.07 AC |
| Building Size | 23,164 SF |
| No. Rooms | 43 |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2004 |
| Parking Ratio | 3.45/1,000 SF |
| Corridor | Interior |
| Zoning | C-2, County - General Commercial |
AMENITIES
- Pool
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $193.05 CAD | - |
| Guest Room | 41 | $162.71 CAD | - |
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PROPERTY TAXES
| Parcel Number | 070-12-401-005 | Improvements Assessment | $1,018,572 CAD |
| Land Assessment | $85,244 CAD | Total Assessment | $1,103,815 CAD |
PROPERTY TAXES
Parcel Number
070-12-401-005
Land Assessment
$85,244 CAD
Improvements Assessment
$1,018,572 CAD
Total Assessment
$1,103,815 CAD
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North Shore Inn at Lake Mead | 520 N Moapa Valley Blvd
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