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    Income-Producing Hospitality Investment Near Lake Texoma Title is generated by Realmo AI

    141 Whippoorwill, Mead, OK 73449

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    Turnkey multi-unit hospitality property with diversified income streams near Lake Texoma.

    Type:Land, Mixed Use, Mobile Home Park
    Lot size:
    7.60 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    107
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 141 Whippoorwill

    General Information

    Standard status
    Active
    Lot size
    7.60 Acres
    Property subtype
    Land, Mixed Use, Mobile Home Park

    We can help!

    Listing Contact
    Kim Delagarza

    Listing agent Kim Delagarza License #157703

    Listing office Keller Williams Atoka

    Listing date Feb 4, 2026

    Source Crexi

    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 Keller Williams Atoka

    HighLights

    • Excellent income‑producing investment property with diversified income streams.
    • Strategic location near Lake Texoma, Choctaw Casino, and the upcoming Billion‑dollar Pointe Vista development.
    • Turnkey operation with fully furnished units and appliances.
    • Significant value‑add opportunities through transitioning units to short‑term rentals and increasing nightly rates.
    • Consistent demand from construction crews and contract workers providing a stable baseline income.
    • Expansion potential on 7+\/- acres of land.

    Overview

    This income-producing investment property is situated on approximately 7 acres near Lake Texoma. Its strategic location caters to family vacations, fishing and golf tournaments, reunions, casino events, and construction workers needing short-term lodging, generating strong rental demand. The property features 6 cabins of various sizes, a 10-unit extended-stay motel built in 2021, a laundromat with 2 washers and 2 dryers expandable to 3, 3 mobile homes of different sizes, and 3 tiny homes built in 2024. All units are fully furnished and equipped with induction cooktops, cookware, plates, and other appliances. Located between Durant and Kingston, the property is a quarter mile off Highway 70, minutes from Lake Texoma, Johnson Creek State Park, Willow Springs Marina, and Catfish Bay. It is less than 3 miles from the upcoming Pointe Vista development in Kingston and 10-12 minutes from Choctaw Casino & Resort in Durant. The property is also conveniently located near the Texas border and the Sherman TI corridor, less than 1 mile from the $127 million Roosevelt Bridge construction project starting in March 2026, and near the $6 billion Preston Harbor (Margaritaville Resort). Current operations benefit from consistent demand from construction crews and contract workers, with daily, weekly, and monthly stays providing a stable baseline income. The business has been operating since 2014, with the current owner adding extended-stay units, tiny homes, and induction cooktops to all cabins in 2021. Utilities include OG&E electric, Bryan County water, and an aerobic septic system. The partially cleared vacant land offers expansion potential for an RV park, more cabins, rental units, or another extended stay. A current survey includes 7.6 acres. A Hard Rock Hotel and Residences Lake Texoma (2000 homes) project is planned for Kingston, OK, as part of the Pointe Vista development on Lake Texoma, featuring a hotel, convention center, waterpark, casino, and golf.
    Location Intelligence

    Current Use by Public Records

    Anglers Motel & Extended ... Hotel & Motel

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Hotel & Motel Bed & Breakfast Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Mead
    County
    Bryan
    State
    Oklahoma
    Longitude
    -96.569329
    Latitude
    33.994436

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    FAQs

    What type of property is this?
    Hospitality property - Turnkey multi-unit hospitality property with diversified income streams near Lake Texoma.
    Where is this hospitality property located?
    The property is located at 141 Whippoorwill Mead, OK.
    What are key features of this property?
    This property features: Excellent income‑producing investment property with diversified income streams.; Strategic location near Lake Texoma, Choctaw Casino, and the upcoming Billion‑dollar Pointe Vista development.; Turnkey operation with fully furnished units and appliances.
    (580) 239-2689 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Delagarza
    Real Estate License ID: 157703
    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.

    More about this property
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