Pro forma NOI $574,534 Cap rate of 8.92% -Ballroom potential profit (potential $10k/month, currently unrealized due to lack of marketing) -Restaurant lease income, gameroom income ($6k/month, unrealized value because it is brand new) -Upside potential in room revenue -Revenue trending higher (ex: 12/2021 was highest grossing month in property history $151K for the month, Q1 was highest grossing Q1 in history of property); even higher potential with better revenue management
Listing courtesy of Keller Williams Laredo.