79-Unit Motel with
For Sale
$2,999,000
321 N Mustang Rd, Yukon, OK 73099
Interstate-corner lodging property with kitchenettes, an outdoor pool, and on-site parking.
Property Size29,105 SF
Lot Size2.85 Acres
Price / SF$103.04
Days on Market20
Property Features for 321 N Mustang Rd
General Information
Standard status
Active
Size
29,105 SF
Lot size
2.85 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
outdoor pool
Building Details
Year Built
1985
Listing Agency:
Solas Real Estate LLC
(405) 664-1646
Listed By:
Richard Bean
Source:
Sarahflemingestates
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 28 at 12:44PM
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 Solas Real Estate LLC
Investment Insights
Based on property information with market context.
Operating under the America's Best Value Inn name within the Sonesta Brand Family, this motel contains 79 units across 56 standard guest rooms and 23 suites. The suites include kitchenettes, while the property also offers an outdoor pool, on-site parking, and an open lobby layout that can accommodate breakfast service. Built in 1985, the motel occupies 2.85 acres.
The property is located at 321 N Mustang Rd in Yukon, Oklahoma, at the corner of Interstate 40 and Mustang Road. Estimated traffic volumes range from 66,000–79,000 vehicles per day on I-40 and approximately 18,000–19,000 vehicles per day on Mustang Road. The site also provides room for possible additional guest units or a complementary restaurant or retail building, subject to zoning.
The property is located at 321 N Mustang Rd in Yukon, Oklahoma, at the corner of Interstate 40 and Mustang Road. Estimated traffic volumes range from 66,000–79,000 vehicles per day on I-40 and approximately 18,000–19,000 vehicles per day on Mustang Road. The site also provides room for possible additional guest units or a complementary restaurant or retail building, subject to zoning.
Key Highlights
- 79 total units, including 56 standard guest rooms and 23 suites
- 2.85‑acre motel property at the corner of Interstate 40 and Mustang Road
- I‑40 traffic estimated at 66,000–79,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$218,986
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,379,720
$4.4M
Cap Rate 7%
$3,128,371
$3.1M
Cap Rate 9%
$2,433,178
$2.4M
Market Conditions
NOI Build-Up for 29,105 SF
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.
Gross rent
$523.9K $18.00/SF
− Vacancy
−$62.9K −$2.16/SF
EGI
$461.0K $15.84/SF
− OpEx
−$242.0K −$8.32/SF
NOI
$219.0K $7.52/SF
Area
Canadian County, OK
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,379,720
Cap Rate 7%
$3,128,371
Cap Rate 9%
$2,433,178
Alternative Uses
Best Use
Hotel Hospitality
$3.13M
$2.74M – $3.65M
NOI $218,986 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.55M – $7.39M
NOI $443,613 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Motel - Interstate-corner lodging property with kitchenettes, an outdoor pool, and on-site parking.
Where is this motel located?
The property is located at 321 N Mustang Rd Yukon, OK.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 79 total units, including 56 standard guest rooms and 23 suites; 2.85‑acre motel property at the corner of Interstate 40 and Mustang Road; I‑40 traffic estimated at 66,000–79,000 vehicles per day
