Operating Motel in Chemult,
For Sale
Contact for pricing
109256 N Hwy 97, Chemult, OR 97731
16-unit motel with manager's house in thriving Chemult, Oregon.
Property Size6,138 SF
Price / SF$81.30
Days on Market419
Property Features for 109256 N Hwy 97
General Information
Standard status
Active
Size
6,138 SF
Total Parking Spaces
25
Property subtype
Hospitality, Multifamily
Zoning
CT
Investment Type
Owner/User
Building Details
Year Built
1948
Year Renovated
2023
Stories
1
Units
16
Listing Agency:
RCI Real Estate Services LLC
(541) 280-6709
Listed By:
Mike Reinemer · License #OR 980900010
Source:
Crexi
Added: Jun 19, 2025
Changed: Aug 8
Last Checked: Aug 11 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RCI Real Estate Services LLC
Investment Insights
Based on property information with market context.
This is an operating 16-unit motel with a manager's house on site, located in Chemult, Oregon. The property is situated in a thriving community, near a new brew pub, a travel center/truck stop, and the Amtrak station. On-site managers are currently in place. The property includes all furniture, fixtures, and equipment necessary to operate the motel. The motel serves year-round nightly clientele and experiences long-stay business in the fall due to seasonal businesses. The manager handles all day-to-day operations. The property size is 6,138 square feet. The property is suitable for hospitality, multifamily, and residential income purposes.
Key Highlights
- Operating 16‑unit motel in thriving Chemult, OR.
- On‑site manager handles day‑to‑day operations.
- Includes all furniture, fixtures, and equipment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$743,460
$743.5K
Cap Rate 7%
$531,043
$531.0K
Cap Rate 9%
$413,033
$413.0K
Market Conditions
NOI Build-Up for 6,138 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.1K $15.00/SF
− Vacancy
−$13.8K −$2.25/SF
EGI
$78.3K $12.75/SF
− OpEx
−$41.1K −$6.69/SF
NOI
$37.2K $6.06/SF
Area
Klamath County, OR
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$743,460
Cap Rate 7%
$531,043
Cap Rate 9%
$413,033
Alternative Uses
Best Use
Hotel Hospitality
$531.0K
$464.7K – $619.6K
NOI $37,173 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,822 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 97731, OR
257
Population
112
Households
2.3
Avg Household Size
48
Median Age
10%
College-Educated
100%
High-School Grad
67.3 sq mi
ZIP Area
4
Density / Sq Mi
$61,739
Median Household Income
$21,339
Median Earnings
$312,500
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Budget Inn Motel — 109480 US-97, Chemult, OR 97731
- Eagle Crater Lake Inn — 108915 US-97, Chemult, OR 97731
- Dawson House Lodge — 109455 US-97, Chemult, OR 97731
- Chemult Motel — 109256 US-97, Chemult, OR 97731
Frequently Asked Questions
What type of property is this?
Motel - 16-unit motel with manager's house in thriving Chemult, Oregon.
Where is this motel located?
The property is located at 109256 N Hwy 97 Chemult, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Operating 16‑unit motel in thriving Chemult, OR.; On‑site manager handles day‑to‑day operations.; Includes all furniture, fixtures, and equipment.
