Remodeled Motel with Owner
2715 W Garriott Rd Enid, OK 73703
For Sale
$2,120,000
COMMERCIAL - Enid, OK
Property Size17,262 SF
Lot Size1.24 Acres
Price / SF$122.81
Days on Market49
Property Features for 2715 W Garriott Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
Lot size
1.24 Acres
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Gas (Cooling)
Building Details
Year built
1982
Floors in Building
2
Flooring type
Carpet, Concrete, Wood
Listing Agency:
Epique Realty LLC
(918) 946-7009
Listed By:
McKenzie Schuermann
(580) 747-2824
Added: Jun 12
Changed: Jun 20
Last Checked: Jul 30 at 12:06AM
MLS# 20260774
Copyright © 2026 Northwest Oklahoma Association of REALTORS®. 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 well-maintained, turnkey motel was originally built in 1982 and has been remodeled in 2026. The property includes approximately 17,262 square feet of building space on about 1.24 acres (MOL). Current accommodations are configured as 40 bedrooms and 40 bathrooms, with a spacious owner’s living quarters created by converting former guest accommodations. The owner’s residence includes a main floor with three bedrooms, two bathrooms, a living room, and a kitchen/dining combination, plus a second-floor bedroom, one bathroom, and a flexible entertainment area that can function as a living room, recreation room, office, or guest suite. The owner’s quarters could be converted back into guest accommodations to restore the property to a full 40-room, 40-bath motel layout.
The property is located directly on Highway 412 in Enid, Oklahoma, providing straightforward access for travelers and guests. Utilities include electric, natural gas, city water, and city sewer services, with central electric heating and central gas cooling.
For investors and operators, the current configuration supports an operating hospitality use while retaining an option to re-purpose the owner’s quarters back into additional guest rooms if desired. Super 8 franchise rights are available for purchase separately and are not included with the listing.
The property is located directly on Highway 412 in Enid, Oklahoma, providing straightforward access for travelers and guests. Utilities include electric, natural gas, city water, and city sewer services, with central electric heating and central gas cooling.
For investors and operators, the current configuration supports an operating hospitality use while retaining an option to re-purpose the owner’s quarters back into additional guest rooms if desired. Super 8 franchise rights are available for purchase separately and are not included with the listing.
Key Highlights
- Operational motel built in 1982 with approximately 17,262 SF (MOL) on approximately 1.24 acres (MOL)
- Directly on high‑traffic Highway 412 in Enid, OK with city water and city sewer services
- Includes 40 bedrooms and 40 bathrooms; owner’s quarters were converted from guest accommodations
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 | $250.6k | $14.52 |
| − Vacancy | −$26.8k | −$1.55 |
| EGI | $223.8k | $12.97 |
| − OpEx | −$117.5k | −$6.81 |
| NOI | $106.3k | $6.16 |
17,262 SF · lease $14.52/SF/yr · vacancy 10.70% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.52M
$1.33M – $1.77M
NOI $106,317 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,773 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Ramada by Wyndham Enid — 3005 W Owen K Garriott Rd, Enid, OK 73703
- Baymont by Wyndham Enid — 3614 W Owen K Garriott Rd, Enid, OK 73703
- Super 8 by Wyndham Enid — 2715 W Owen K Garriott Rd, Enid, OK 73703
Frequently Asked Questions
What type of property is this?
Motel - Turnkey, currently operating motel featuring central HVAC, 40 rooms, and an on-site owner residence converted from guest space.
Where is this motel located?
The property is located at 2715 W Garriott Rd Enid, OK.
What is the asking price?
The asking price for this property is $2,120,000.
What are key features of this property?
This property features: Operational motel built in 1982 with approximately 17,262 SF (MOL) on approximately 1.24 acres (MOL); Directly on high‑traffic Highway 412 in Enid, OK with city water and city sewer services; Includes 40 bedrooms and 40 bathrooms; owner’s quarters were converted from guest accommodations
