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    Turnkey Select-Service Hotel Title is generated by Realmo AI

    1200 Highland Avenue, Enterprise, OR 97828

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    For Sale
    $7,000,000

    Turnkey, economy select-service hotel with extensive 2023 renovations and indoor pool, spa, and meeting space.

    Type:Land
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 1:43 am

    Property Features for 1200 Highland Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Joseph Kennedy
    Joseph Kennedy

    Listing agent Joseph Kennedy License #WA #118409

    Listing office Crystal Investment Property LLC

    Listing date Jun 2, 2026

    Source Crystalip

    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 Crystal Investment Property LLC

    HighLights

    • 53‑key SureStay Plus by Best Western Enterprise in Enterprise, Oregon (select‑service economy hotel)
    • Extensively renovated in 2023 with updated public spaces, including a lobby with stone fireplace
    • Indoor pool plus spa, sauna, and fitness room for guest recreation
    • 930 sq. ft. flexible meeting room accommodates up to 58 guests and can serve as the breakfast area
    • On‑site owner/manager quarters and a guest laundry plus business center
    • Strong highway visibility and ample on‑site parking

    Overview

    SureStay Plus by Best Western Enterprise is a 53-key, select-service, economy hotel featuring an interior corridor layout. The property was extensively renovated in 2023, with updated public areas including a lobby with a stone fireplace. On-site amenities include an indoor pool, spa, sauna, fitness room, guest laundry, and business center, supported by a flexible 930-square-foot meeting room that serves as both meeting space and breakfast area.

    The hotel is positioned for strong highway visibility with ample parking, supporting consistent guest access. An elevated setting provides views of the Wallowa Valley and Eagle Cap, creating a favorable backdrop for leisure stays. The asset also includes on-site owner/manager quarters and offers rebranding flexibility.

    For investors and hospitality operators, this is a turnkey opportunity backed by Best Western’s global distribution. Its resilient outdoor-market positioning and year-round demand drivers, paired with strong brand recognition and third-party visibility, can support a stable operating platform for an owner seeking a readily managed, amenity-forward hotel with meeting capability.
    Location Intelligence

    Current Use by Public Records

    Eagle's View Inn ... Hotel & Motel SureStay Plus By ... Hotel & Motel

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.29779
    Latitude
    45.423583

    FAQs

    What type of property is this?
    Hotel - Turnkey, economy select-service hotel with extensive 2023 renovations and indoor pool, spa, and meeting space.
    Where is this hotel located?
    The property is located at 1200 Highland Avenue Enterprise, OR.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: 53‑key SureStay Plus by Best Western Enterprise in Enterprise, Oregon (select‑service economy hotel); Extensively renovated in 2023 with updated public spaces, including a lobby with stone fireplace; Indoor pool plus spa, sauna, and fitness room for guest recreation
    (503) 530-1316
    We can help!
    Listing Contact
    Joseph Kennedy
    Joseph Kennedy
    Real Estate License ID: WA #118409
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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