79-Unit Motel with
For Sale
$2,999,000
321 N Mustang Road, Yukon, OK 73099
Residential Income, Yukon, OK
Property Size29,105 SF
Lot Size2.85 Acres
Price / SF$103.04
Days on Market46
Property Features for 321 N Mustang Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Corner Lot
Elementary school
Mustang Creek ES
Middle school
Mustang Central MS
High school
Mustang HS
Elementary school district
Mustang
Middle school district
Mustang
High school district
Mustang
Directions
I-40 - Exit on Yukon Parkway/ Mustang Rd. Property is on the NW Corner.
Standard status
Active
APN
321NMustang73099
Size
29,105 SF
Lot size
2.85 Acres
Amenities
outdoor pool
Building Details
Year built
1985
Floors in Building
2
Building materials
Concrete
Roof type
Composition
Listing Agency:
Solas Real Estate LLC
(405) 451-0000
Listed By:
Richard Bean
(405) 664-1646
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 20 at 10:06PM
MLS# 1238053
Copyright © 2026 MLSOK, Inc. 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 79-unit motel encompasses 29,105 square feet on 2.85 acres and operates as America’s Best Value Inn within the Sonesta Brand Family. The room mix includes 56 standard guest rooms and 23 suites with kitchenettes. Property features include an open lobby, outdoor pool, on-site parking, concrete construction, and a composition roof. Built in 1985, the asset offers an established hospitality configuration with both conventional rooms and extended-stay accommodations.
The property occupies the corner of Interstate 40 and Mustang Road in Yukon, Oklahoma. Estimated daily traffic ranges from 66,000 to 79,000 vehicles on I-40 and approximately 18,000 to 19,000 vehicles on Mustang Road. The open lobby provides space to implement or expand breakfast service. Additional land may support guest-unit expansion or a complementary restaurant or retail building, subject to zoning.
The property occupies the corner of Interstate 40 and Mustang Road in Yukon, Oklahoma. Estimated daily traffic ranges from 66,000 to 79,000 vehicles on I-40 and approximately 18,000 to 19,000 vehicles on Mustang Road. The open lobby provides space to implement or expand breakfast service. Additional land may support guest-unit expansion or a complementary restaurant or retail building, subject to zoning.
Key Highlights
- 79 total units: 56 standard guest rooms and 23 suites
- 2.85‑acre site with 29,105 square feet of property improvements
- Corner position at Interstate 40 and Mustang Road
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
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
265
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Motel - Motel property with standard rooms, kitchenette-equipped suites, an outdoor pool, and on-site parking.
Where is this motel located?
The property is located at 321 N Mustang Road 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: 56 standard guest rooms and 23 suites; 2.85‑acre site with 29,105 square feet of property improvements; Corner position at Interstate 40 and Mustang Road
