Chemult Motel Near Crater
109480 US-97 Chemult, OR 97731
109480 US-97, Chemult, OR, 97731
Contact for pricing
For Sale
Contact for pricing
20-room motel with cabin near Crater Lake National Park.
Property Size6,106 SF
Lot Size1.73 Acres
Price / SF$98.26
Days on Market924
Property Features for 109480 US-97
General Information
- Standard status
- Active
- Size
- 6,106 SF
- Lot size
- 1.73 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 1973
Listing agency
Compass Commercial Real Estate Services
(541) 848-4076
Listed by
Emilio Tiscareno · License #201245391
Source
Crexi
Added: Jan 9, 2024 Updated: Jul 6 at 8:28AM Checked: Jul 21 at 4:39AM
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 Compass Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The property features two motel buildings with a total of 20 rooms, each equipped with microwaves and mini-fridges. Additionally, there is an office building and a cabin with four beds. The motel is located near ATV, snowmobile, and hiking trails, and is approximately 30 miles from Crater Lake National Park. The property spans 1.73 acres across multiple tax lots and includes 21 on-site parking spaces. The location offers high visibility with an Average Annual Daily Traffic (AADT) count of 5,418 on Highway 97. The property is suitable for hospitality and tourism ventures, offering potential for both investors and owner-users. The buildings have a total size of 6,106 square feet.
Key Highlights
- Prime location near Crater Lake National Park (30 miles) and various outdoor recreational trails.
- Two motel buildings with 20 rooms, each equipped with microwaves and mini‑fridges.
- High visibility location on Highway 97 with 5,418 AADT.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.6k | $15.00 |
| − Vacancy | −$13.7k | −$2.25 |
| EGI | $77.9k | $12.75 |
| − OpEx | −$40.9k | −$6.69 |
| NOI | $37.0k | $6.06 |
6,106 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$528.3K
$462.2K – $616.3K
NOI $36,979 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,364 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
Similar For Sale Nearby
FAQs
What type of property is this?
Motel - 20-room motel with cabin near Crater Lake National Park.
Where is this motel located?
The property is located at 109480 US-97 Chemult, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime location near Crater Lake National Park (30 miles) and various outdoor recreational trails.; Two motel buildings with **20 rooms, each equipped with microwaves and mini‑fridges.**; High visibility location on Highway 97 with 5,418 AADT.
