31-Room Motel Near
For Sale
$2,350,000
1515 Planeview Dr, Oshkosh, WI 54904
Lodging property with varied room configurations, updated equipment, and central air service.
Property Size15,039 SF
Price / SF$156.26
Days on Market131
Property Features for 1515 Planeview Dr
General Information
Standard status
Active
Size
15,039 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2011
Listing Agency:
First Weber Oshkosh
(920) 233-4184
Listed By:
Steve H Hoopman
Source:
Moving2greenbay
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 31 at 7:19PM
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 First Weber Oshkosh
Investment Insights
Based on property information with market context.
This 2011 motel contains 31 guest rooms, including 29 single rooms and 2 suites, within a 15,039-square-foot property. Guest accommodations are supported by central air with gas service, along with new P-Tech units, refrigerator units, and additional updates. Commercial laundry equipment includes a washer and dryer.
The motel occupies the intersection of WI-26 and I-41 in Oshkosh, with the property identified at 1515 Planeview Drive. It is positioned across from EAA and X-Roads, providing a clearly defined setting for an operating hospitality property. The site carries the SMU-PD designation.
The motel occupies the intersection of WI-26 and I-41 in Oshkosh, with the property identified at 1515 Planeview Drive. It is positioned across from EAA and X-Roads, providing a clearly defined setting for an operating hospitality property. The site carries the SMU-PD designation.
Key Highlights
- 31‑room motel with 29 single rooms and 2 suites
- 15,039‑square‑foot property constructed in 2011
- Located at the intersection of WI‑26 and I‑41
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
$93,759
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
3.99%
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%
$1,875,180
$1.9M
Cap Rate 7%
$1,339,414
$1.3M
Cap Rate 9%
$1,041,767
$1.0M
Market Conditions
NOI Build-Up for 15,039 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
$225.6K $15.00/SF
− Vacancy
−$28.2K −$1.88/SF
EGI
$197.4K $13.13/SF
− OpEx
−$103.6K −$6.89/SF
NOI
$93.8K $6.23/SF
Area
Winnebago County, WI
Vacancy
12.50%
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%
$1,875,180
Cap Rate 7%
$1,339,414
Cap Rate 9%
$1,041,767
Alternative Uses
Best Use
Hotel Hospitality
$1.34M
$1.17M – $1.56M
NOI $93,759 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,216 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54904, WI
21,828
Population
10,029
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
96%
High-School Grad
77.9 sq mi
ZIP Area
280
Density / Sq Mi
$95,813
Median Household Income
$51,645
Median Earnings
$915
Median Rent
$258,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Lodging property with varied room configurations, updated equipment, and central air service.
Where is this motel located?
The property is located at 1515 Planeview Dr Oshkosh, WI.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 31‑room motel with 29 single rooms and 2 suites; 15,039‑square‑foot property constructed in 2011; Located at the intersection of WI‑26 and I‑41
