1245 N Brown St - Hospitality FOR SALE


La Plata, MO 63549
$650,000 USD
314-598-1469
1245 N Brown St, La Plata, MO for Sale
$650,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

1245 N Brown St
La Plata, MO 63549


HIGHLIGHTS

  • STARTING BID $650,000 | Depot Inn & Suites | 2006 Built | $368K NOI | $849K Room Revenue | AUCTION OCTOBER 19-21
  • 30-Room Boutique Hotel on ±3.55 Acres - Independent lodging asset spans 16,885 SF with 26 standard rooms and four themed luxury suites.
  • Amenity-Rich Guest Experience Sets It Apart - Pool, fitness center, meeting room, breakfast, patios, bicycles, and whirlpool tubs add appeal.
  • Operational Upside Beyond Current Cash Flow - Rate optimization, occupancy gains, and improved efficiencies create avenues for added value.
  • Proven Earnings with Consistent Performance - 2025 NOI reached ±$368K and approximately $849K in average annual revenue (2023-2025).
  • Diversified Northeast Missouri Demand Base - Amtrak, Truman State, A.T. Still, state parks, and Kirksville generate varied year-round visitation.

OVERVIEW

Brokered by Marcus & Millichap, Depot Inn & Suites at 1245 N Brown Street in La Plata, Missouri is a 30-room, independently operated boutique hotel on ±3.55 acres. The ±16,885 SF Property includes 26 standard guest rooms and four themed luxury suites, plus a heated indoor pool, fitness center, meeting space, complimentary breakfast, outdoor recreation areas, and an extensive railroad memorabilia collection. The Hotel generated approximately $814,000, $873,000, and $861,000 of total revenue in 2023, 2024, and 2025, respectively, with three-year average NOI of approximately $393,000. ADR increased from approximately $109 in 2024 to $114 in 2025 to $116 in 2026, demonstrating continued pricing power. Located near La Plata’s Amtrak station and serving visitors to Truman State University, A.T. Still University, state parks, and the broader Kirksville area, the Property benefits from a diversified demand base. An incoming owner can preserve the Hotel’s distinctive railroad-themed identity while pursuing upside through rate optimization, occupancy growth, and operating efficiencies.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$43 USD /SF

# OF ROOMS

30

PRICE/ROOM

$21,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Depot Inn & Suites | 2006 Built

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

C1

APN/PARCEL ID

062602-0305-00000-000904

ASK ABOUT THIS PROPERTY

Alex PerezMarcus & MillichapMore Info
314-598-1469

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Alex PerezMarcus & MillichapMore Info
314-598-1469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.