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    Hotel Portfolio with Two Keys Title is generated by Realmo AI

    2725 ENTERPRISE RD, Goodland, KS

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    Newer and renovated hotel properties offered together, providing a combined 148-room opportunity with leasehold structure.

    Type:Hospitality
    Property size:
    50,602 SF
    Price / SF:
    $324/SF
    Added:
    May 21, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 6 at 3:12 am

    Property Features for 2725 ENTERPRISE RD

    General Information

    Standard status
    Active
    Size
    50,602 SF
    Property subtype
    Hospitality

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Brent Jaynes
    Brent Jaynes

    Listing agent Brent Jaynes License #BR00008591

    Listing office Leisure Real Estate Advisors LLC

    Listing date May 21, 2026

    Source Crexi

    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 Leisure Real Estate Advisors LLC

    HighLights

    • Portfolio offering: Holiday Inn Express & Suites (75 keys) plus adjacent Comfort Inn & Suites (73 keys) for 148 total keys
    • Holiday Inn Express opened in 2021; Comfort Inn & Suites built in 2007 and converted in 2022
    • Leasehold interest offered on both hotels; ownership converts to fee simple title in Dec 2030
    • Partial real estate tax abatement on both hotels expires in Dec 2030; City holds fee title until the end of the abatement
    • Comfort Inn site includes a bank of onsite EV charging stations
    • Hotels show monthly revenue increases YTD 2026

    Overview

    This offering pairs two adjacent hotels: a Holiday Inn Express & Suites with 75 keys and a Comfort Inn & Suites with 73 keys, presented as a portfolio only for the Express. The Holiday Inn Express opened in 2021, while the Comfort Inn & Suites was built in 2007 and converted in 2022. Both hotels are being offered with a leasehold interest, with ownership converting to fee simple title in December 2030. A partial real estate tax abatement applies to both properties and expires in December 2030, and a 22-year, 2% community improvement district (CID) contributes directly to net income for the Holiday Inn Express.

    The properties are located at 2725 Enterprise Rd in Goodland, Kansas. The Comfort Inn site includes a bank of onsite EV charging stations, and both hotels benefit from a high level of walk-in traffic.

    For buyers and operators, the portfolio structure supports an opportunity to acquire two stabilized hospitality assets together in a rural western Kansas market with steady transient demand tied to I-70 travel, long-haul trucking, and the local energy and agribusiness base. The offering also notes that expected PIPs should be minimal given the newer nature of both properties and the recent conversion of the Comfort Inn & Suites.
    Location Intelligence

    Current Use by Public Records

    Holiday Inn Express ... Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goodland
    County
    Sherman
    State
    Kansas
    Longitude
    -101.7101722
    Latitude
    39.350833

    Nearby Similar for Sale

    • $1,200,000
      50,016 SF

      74-Room Hotel in Goodland, KS

      74-room hotel with amenities on 5.5 acres near I-70.
      2218 Commerce Rd, Goodland, KS 67735
      View Details
    • $5,900,000

      Comfort Inn & Suites Opportunity

      73-key hotel with strong revenue and convenient I-70 access.
      2631 Enterprise Rd, Goodland, KS 67735
      View Details
    • $485,000

      All-Brick Restaurant and Bar

      All-brick restaurant and bar with two dining rooms, dedicated bar, and a well-equipped commercial kitchen.
      824 W HWY 24, Goodland, KS 67735
      View Details

    FAQs

    What type of property is this?
    Hotel - Newer and renovated hotel properties offered together, providing a combined 148-room opportunity with leasehold structure.
    Where is this hotel located?
    The property is located at 2725 ENTERPRISE RD Goodland, KS.
    What is the asking price?
    The asking price for this property is $16,400,000.
    What are key features of this property?
    This property features: Portfolio offering: Holiday Inn Express & Suites (75 keys) plus adjacent Comfort Inn & Suites (73 keys) for 148 total keys; Holiday Inn Express opened in 2021; Comfort Inn & Suites built in 2007 and converted in 2022; Leasehold interest offered on both hotels; ownership converts to fee simple title in Dec 2030
    (913) 894-5252 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brent Jaynes
    Brent Jaynes
    Real Estate License ID: BR00008591
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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