111 Circle Rd

• Building Size: 106,181 sq. ft.
• # of Rooms: 62
• Lot Size: 2.91 acres (126,760 sq. ft.)
• 2022 Occupancy: 56.79% through August 2023
• Year Built: 1973
• Parking Lot: Paved - 62 spaces
• Zoning: Commercial
• Cap Rate: 9.8% Projected
• Price per Room: $33,870.97
• ADR: $64.30
• GRM: 3.06Xs
• REV PAR: $36.19
• 2022 Revenue: $436,000 through July 2023
• Price/sq. ft.: $19.78
• Real Estate Taxes: $31,426.30
• Projected 2023 Revenue: $850,000
• Projected 2023 NOI: $250,000
• Estimated ADS: $179,726
• Estimated Cash Flow after ADS: $70,174

Property Description

Building Size: 106,181 sq. ft. # of Rooms: 62 Lot Size: 2.91 acres (126,760 sq. ft.) 2022 Occupancy: 56.79% through August 2023 Year Built: 1973 Parking Lot: Paved - 62 spaces Zoning: Commercial Cap Rate: 9.8% Projected Price per Room: $33,870.97 ADR: $64.30 GRM: 3.06Xs REV PAR: $36.19 2022 Revenue: $436,000 through July 2023 Price/sq. ft.: $19.78 Real Estate Taxes: $31,426.30 Projected 2023 Revenue: $850,000 Projected 2023 NOI: $250,000 Estimated ADS: $179,726 Estimated Cash Flow after ADS: $70,174