Motel with RV
For Sale
$3,400,000
1920 Bob F Griffin Rd, Cameron, MO 64429
Commercial Sale, Cameron, MO
Property Size17,888 SF
Lot Size18.40 Acres
Price / SF$190.07
Days on Market249
Property Features for 1920 Bob F Griffin Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Dekalb
Standard status
Active
Size
17,888 SF
Lot size
18.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
POB 1327 S NW COR NE E 1351 S 630 NWLY 161 SWLY 290 W 200 N 30 NWLY 710 N 525 TO POB 13-57-30
Tax Annual Amount
9986
Legal Description
POB 1327 S NW COR NE E 1351 S 630 NWLY 161 SWLY 290 W 200 N 30 NWLY 710 N 525 TO POB 13-57-30
Building Details
Floors in Building
1
Listing Agency:
Century 21 Farm and Home · Century 21 Real Estate
(660) 646-2141
Listed By:
Janie Harding
(660) 373-0654
Added: Jan 7
Changed: Sep 5
Last Checked: Sep 13 at 9:06PM
MLS# 43708
Copyright © 2026 Northeast Central Board of Realtors - MO. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This motel property includes 44 guest rooms within a 17,888-square-foot improvement. The site also features an RV park with 14 hookups, a separate shower facility serving men and women, and overnight truck parking. Motel and RV operations are coordinated through one central office.
The property encompasses 18.4 acres at 1920 Bob F Griffin Rd in Cameron, Missouri. Its setting provides access to both a major highway and an interstate, supporting lodging and vehicle-oriented uses. The acreage offers room for future development or expansion, subject to applicable approvals.
The property encompasses 18.4 acres at 1920 Bob F Griffin Rd in Cameron, Missouri. Its setting provides access to both a major highway and an interstate, supporting lodging and vehicle-oriented uses. The acreage offers room for future development or expansion, subject to applicable approvals.
Key Highlights
- 44‑room motel within a 17,888‑square‑foot improvement
- RV park with 14 hookups
- Men’s and women’s shower house
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
$187,658
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
5.52%
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%
$3,753,160
$3.8M
Cap Rate 7%
$2,680,829
$2.7M
Cap Rate 9%
$2,085,089
$2.1M
Market Conditions
NOI Build-Up for 17,888 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
$364.9K $20.40/SF
− Vacancy
−$23.7K −$1.33/SF
EGI
$341.2K $19.07/SF
− OpEx
−$153.5K −$8.58/SF
NOI
$187.7K $10.49/SF
Area
Clinton County, MO
Vacancy
6.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$3,753,160
Cap Rate 7%
$2,680,829
Cap Rate 9%
$2,085,089
Alternative Uses
Best Use
Apartment 5plus
$2.68M
$2.35M – $3.13M
NOI $187,658 @ 7.0% cap · market cap 5.52%
Second Best
Hotel Hospitality
$1.86M
$1.63M – $2.17M
NOI $130,001 @ 7.0% cap · market cap 3.82%
Theoretical Best
Retail
$3.95M
$3.46M – $4.61M
NOI $276,669 @ 7.0% cap · market cap 8.14%
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
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64429, MO
11,744
Population
4,539
Households
2.6
Avg Household Size
40
Median Age
14%
College-Educated
91%
High-School Grad
151.1 sq mi
ZIP Area
78
Density / Sq Mi
$65,161
Median Household Income
$40,034
Median Earnings
$1,038
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Similar Off Market Nearby
- Quality Inn Cameron — 1803 Comfort Ln, Cameron, MO 64429
- SureStay By Best Western Cameron — 2210 US-36, Cameron, MO 64429
- Motel 6 Cameron, MO — 1920 Bob F Griffin Rd, Cameron, MO 64429
- GuestHouse Acorn Inn — 2210 US-36, Cameron, MO 64429
Frequently Asked Questions
What type of property is this?
Motel - Lodging property combines guest rooms, RV hookups, traveler amenities, and truck parking under one operating office.
Where is this motel located?
The property is located at 1920 Bob F Griffin Rd Cameron, MO.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 44‑room motel within a 17,888‑square‑foot improvement; RV park with 14 hookups; Men’s and women’s shower house
