Remodeled Motel with Owner
2715 W Garriott Rd., Enid, OK 73703
New
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 6:06 pm
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
- Central, Electric (Heating)
- Cooling system
- Gas (Cooling), Central Air
Building Details
- Year built
- 1982
- Floors in Building
- 2
- Flooring type
- Concrete, Wood, Carpet
Listing agent McKenzie Schuermann (580) 747-2824
Listing office Epique Realty LLC 8211 E Regal Pl Brokerage License #208540, Tulsa, OK (918) 946-7009
Listing date Jun 12, 2026
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.
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
- Central electric heating and central gas cooling; electric and natural gas utilities available
- Recently remodeled in 2026; flooring includes carpet, wood, and concrete
- Parking lot on‑site; Super 8 franchise rights available for purchase separately and not included in the listing price
Overview
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.
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 | $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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Similar Places Nearby
- Trail Motel — 701 S Van Buren St, Enid, OK 73703
- Motel 6 — 198-100 e broadway ave, enid, ok 73701
- Black & White House - Vacation Rental Home — 433 S Tyler St, Enid, OK 73703
- GLō Best Western Enid Ok Downtown/Convention Center Hotel — 123 W Maine St, Enid, OK 73701
- Stride Bank Center — 301 S Independence Ave, Enid, OK 73701
Location Insight
- Map
- Local Demand
- City
- Enid
- County
- Garfield
- State
- Oklahoma
- Longitude
- -97.912741
- Latitude
- 36.390609
Nearby Similar for Sale
FAQs
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
