Motel with Separate Tiny
For Sale
$499,000
1445 E State Highway 276, West Tawakoni, TX 75474
Motel property with kitchenette-equipped units, a separate tiny home, and utility, laundry, and storage areas.
Property Size2,550 SF
Price / SF$195.69
Days on Market51
Property Features for 1445 E State Highway 276
General Information
Standard status
Active
Size
2,550 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
outside sitting area
laundry services
Building Details
Year Built
1974
Listing Agency:
Golden Realty Group LLC
Listed By:
Ra-Lyn Baker
(903) 206-2586
Source:
Yourdavisteam
Added: Aug 17
Changed: Sep 15
Last Checked: Oct 5 at 10:40PM
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 Golden Realty Group LLC
Investment Insights
Based on property information with market context.
This motel property includes 7 rental units, each with a kitchenette and bathroom. One unit is configured as a suite with a full kitchen. A separate tiny home behind the motel adds another rental space with a full kitchen and full bathroom. The improvements also include a utility room serving business and laundry functions, storage areas, and an outdoor sitting area. The roof has been updated, and the property was built in 1974.
An additional rear lot is included and has electric service. The property is located at 1445 E State Highway 276 in West Tawakoni, across from a golf course and near the Lake Tawakoni boat ramp. Its position along State Highway 276 provides direct highway frontage.
An additional rear lot is included and has electric service. The property is located at 1445 E State Highway 276 in West Tawakoni, across from a golf course and near the Lake Tawakoni boat ramp. Its position along State Highway 276 provides direct highway frontage.
Key Highlights
- 7 rental units with kitchenettes and bathrooms
- Suite unit includes a full kitchen
- Separate tiny home has a full kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,989
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,780
$319.8K
Cap Rate 7%
$228,414
$228.4K
Cap Rate 9%
$177,656
$177.7K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$38.3K $15.00/SF
− Vacancy
−$4.6K −$1.80/SF
EGI
$33.7K $13.20/SF
− OpEx
−$17.7K −$6.93/SF
NOI
$16.0K $6.27/SF
Area
Hunt County, TX
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,780
Cap Rate 7%
$228,414
Cap Rate 9%
$177,656
Alternative Uses
Best Use
Hotel Hospitality
$228.4K
$199.9K – $266.5K
NOI $15,989 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.53M
$2.22M – $2.96M
NOI $177,369 @ 7.0% cap · market cap 35.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
Median Home Value
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Similar Off Market Nearby
- Wagon Wheel Motel — 6807 1333 TX-276, West Tawakoni, TX 75474
- Lake Country motel? Houston place properties? — 1933 TX-276, West Tawakoni, TX 75474
Frequently Asked Questions
What type of property is this?
Motel - Motel property with kitchenette-equipped units, a separate tiny home, and utility, laundry, and storage areas.
Where is this motel located?
The property is located at 1445 E State Highway 276 West Tawakoni, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 7 rental units with kitchenettes and bathrooms; Suite unit includes a full kitchen; Separate tiny home has a full kitchen and full bathroom
