Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Best Western Oasis Inn Hotel Title is generated by Realmo AI

    303 S 2nd St, Canadian, TX 79014

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    55-room hotel in Canadian, Texas, renovated in 2025.

    Type:Hospitality
    Property size:
    32,453 SF
    Lot size:
    0.96 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    81
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 303 S 2nd St

    General Information

    Standard status
    Active
    Size
    32,453 SF
    Lot size
    0.96 Acres
    Property subtype
    Hospitality

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Devesh Ragha
    Devesh Ragha

    Listing agent Devesh Ragha License #AZ 758386

    Listing office NewGen Advisory

    Listing date Feb 24, 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 NewGen Advisory

    HighLights

    • Renovated in 2025, offering modern amenities and appeal.
    • 55‑room Best Western hotel, a recognized and trusted brand.
    • Strong opportunity for an owner‑operator to improve performance and profitability.
    • Indoor pool, fitness center, and business center provide attractive guest amenities.
    • Franchise auto‑transfer policy helps reduce upfront transfer costs.
    • Located in Canadian, Texas, serving both business and leisure travelers.

    Overview

    The Best Western Oasis Inn is a 55-room, interior corridor midscale hotel located in Canadian, Texas. Constructed in 2009 and renovated in 2025, the property totals approximately 32,453 square feet and is situated on a 0.96-acre site. Operating under the Best Western (BWH Hotels) flag, the hotel features an indoor pool, fitness center, business center, guest laundry, and 250 square feet of meeting space. These amenities cater to both business and leisure travelers. The property is currently operated with absentee ownership, presenting a strong opportunity for an engaged owner-operator to enhance performance through improved oversight, cost controls, and revenue optimization. A minimal Property Improvement Plan (PIP) may be required. The existing franchise auto-transfer policy helps reduce upfront transfer costs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Canadian
    County
    Hemphill
    State
    Texas
    Longitude
    -100.387052
    Latitude
    35.913059

    Nearby Similar for Sale

    • $325,000
      3,200 SF

      Versatile Commercial Building in Canadian, TX

      40x80 commercial building with office space and ample parking.
      105 Hackberry Trail, Canadian, TX 79014
      View Details
    • $895,000

      41.3 Acres Coffee Ranch Retreat

      Rustic ranch retreat near Canadian, TX, featuring homes and shop.
      1204 E Cheyenne, Canadian, TX 79014
      View Details
    • $129,000
      2,870 SF

      Canadian, TX Commercial Property

      Commercial property located on major thoroughfare in Canadian, Texas.
      305 N 2nd Street, Canadian, TX 79014
      View Details
    • $280,000

      Commercial Building in Canadian, TX

      Flex space with office, shop, and fenced yard.
      10995 Exhibition Center Road, Canadian, TX 79014
      View Details
    • $235,000
      7,680 SF

      7,680 SF Industrial Warehouse

      7,680 SF industrial property on 2.852 acres for sale.
      102 Fig Street, Canadian, TX
      View Details

    FAQs

    What type of property is this?
    Hotel - 55-room hotel in Canadian, Texas, renovated in 2025.
    Where is this hotel located?
    The property is located at 303 S 2nd St Canadian, TX.
    What are key features of this property?
    This property features: Renovated in 2025, offering modern amenities and appeal.; 55‑room Best Western hotel, a recognized and trusted brand.; Strong opportunity for an owner‑operator to improve performance and profitability.
    (806) 584-1454 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Devesh Ragha
    Devesh Ragha
    Real Estate License ID: AZ 758386
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    303 S 2nd St, Canadian, TX 79014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!