Historic Route 66
220 Walnut Street Chelsea, OK 74016
220 Walnut Street, Chelsea, OK, 74016
$99,900
For Sale
$99,900
COMMERCIAL - Chelsea, OK
Property Size1,200 SF
Lot Size0.60 Acres
Price / SF$83.25
Days on Market74
Property Features for 220 Walnut Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Com
- Parking features
- Off Street, Paved or Surfaced
- Exterior features
- Pole Sign
- Standard status
- Active
- APN
- 660026794
- Size
- 1,200 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See Legal Supplemental
- Tax Annual Amount
- 486
Utilities
- Utilities
- Water Available
Building Details
- Year built
- 1936
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
Keller Williams Premier
(918) 272-0809
13315 E 112th St N #100, Owasso, OK
Listed by
Sheri DeLozier
(918) 272-0809
Added: May 5 Checked: Jul 17 at 8:06 pm
MLS# 2616502
Copyright © 2026 MLS Technology, Inc. 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.
Located in Chelsea, Oklahoma, this historic property resides on Route 66. Known as the Chelsea Motel, it is listed on the National Historic Registry of Historic Places, potentially qualifying it for tax credits and funding for restoration. The property includes 6 units with restrooms. A large neon sign, described as iconic, is present but requires rehabilitation. Additional lots with highway frontage on Route 66 are included in the sale. The estimated acreage is approximately 0.69 acres, subject to survey confirmation. The property size is 1200 square feet. The building's construction is estimated to be between 1936 and 1939. The zoning is commercial.
Key Highlights
- Historic Chelsea Motel on Route 66 in Chelsea, Oklahoma, listed on the National Historic Registry of Historic Places
- 6 units/restrooms, with stucco exterior construction and a composition roof
- Neon pole sign on the property (needs rehab) plus a pole sign feature
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.3k | $14.40 |
| − Vacancy | −$2.1k | −$1.73 |
| EGI | $15.2k | $12.67 |
| − OpEx | −$8.0k | −$6.65 |
| NOI | $7.2k | $6.02 |
1,200 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$103.2K
$90.3K – $120.4K
NOI $7,223 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$300.5K
$263.0K – $350.6K
NOI $21,038 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Similar Off Market Nearby
- Chelsea Motor Inn — 325 E Layton St, Chelsea, OK 74016
- Hickory North Apartments — 500 Hickory St, Chelsea, OK 74016
FAQs
What type of property is this?
Motel - Historic motel on Route 66 in Chelsea, Oklahoma.
Where is this motel located?
The property is located at 220 Walnut Street Chelsea, OK.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Historic Chelsea Motel on Route 66 in Chelsea, Oklahoma, listed on the National Historic Registry of Historic Places; 6 units/restrooms, with stucco exterior construction and a composition roof; Neon pole sign on the property (needs rehab) plus a pole sign feature
