Hospitality Resort with Event
For Sale
$3,900,000
341070 E 890 Road, Chandler, OK 74834
Six furnished cabins complement a large lodge equipped for weddings, meetings, and private functions.
Property Size15,560 SF
Lot Size18.90 Acres
Price / SF$250.64
Days on Market171
Property Features for 341070 E 890 Road
General Information
Standard status
Active
Size
15,560 SF
Lot size
18.90 Acres
Property subtype
Special Purpose
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$11,772
Amenities
commercial-grade kitchen
native stone bar
professional stage
grand staircase
integrated audio/video systems
offices
storage rooms
laundry facilities
six bathrooms
rustic stone fireplace
bridal suites
stocked pond
pergola
stone waterfalls
covered patios
outdoor seating areas
outdoor fireplace
secondary lodge
full kitchen
covered patio
cabins
Building Details
Building Size
15,560 SF
Year Built
1998
Listing Agency:
Living Stone Real Estate Co.
Listed By:
Misti Quiring · License #184006
(580) 320-9030
Source:
Crosstimbersrealty
Added: May 11
Changed: Oct 27
Last Checked: Oct 26 at 3:26PM
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 Living Stone Real Estate Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 15,560-square-foot hospitality property includes a main lodge, a second event lodge, and six furnished cabins across 18.9 acres. The main lodge has a commercial kitchen, bar, stage, audio and video systems, offices, storage, laundry facilities, six bathrooms, and a stone fireplace. Bridal suites include balconies, kitchenettes, dining areas, and private bathrooms. The secondary lodge can host approximately 75 guests and has a kitchen and covered patio. Each cabin has a kitchen, bathroom, laundry facilities, and patio.
Outdoor features include a stocked pond, pergola, stone waterfalls, covered patios, seating areas, and an outdoor fireplace. The site has blacktop frontage, a pipe-fenced entrance, and extensive gravel parking. It sits one-half mile north of I-44, near Bell Cow Lake, Chandler Lake, and Chandler Golf Course, between Oklahoma City and Tulsa. The property was built in 1998.
Outdoor features include a stocked pond, pergola, stone waterfalls, covered patios, seating areas, and an outdoor fireplace. The site has blacktop frontage, a pipe-fenced entrance, and extensive gravel parking. It sits one-half mile north of I-44, near Bell Cow Lake, Chandler Lake, and Chandler Golf Course, between Oklahoma City and Tulsa. The property was built in 1998.
Key Highlights
- 18.9‑acre hospitality property with 15,560 square feet of improvements
- Six furnished cabins, each with a kitchen, bathroom, laundry facilities, and patio
- Main lodge includes a commercial kitchen, stage, integrated audio/video, six bathrooms, and a stone fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,573
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,460
$2.7M
Cap Rate 7%
$1,922,471
$1.9M
Cap Rate 9%
$1,495,256
$1.5M
Market Conditions
NOI Build-Up for 15,560 SF
Gross rent
$261.4K $16.80/SF
− Vacancy
−$16.7K −$1.08/SF
EGI
$244.7K $15.72/SF
− OpEx
−$110.1K −$7.08/SF
NOI
$134.6K $8.65/SF
Area
Lincoln County, OK
Vacancy
6.40%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,460
Cap Rate 7%
$1,922,471
Cap Rate 9%
$1,495,256
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,573 @ 7.0% cap · market cap 3.45%
Second Best
Hotel Hospitality
$1.67M
$1.46M – $1.95M
NOI $117,073 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$3.76M
$3.29M – $4.39M
NOI $263,275 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 74834, OK
7,011
Population
3,203
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
178.6 sq mi
ZIP Area
39
Density / Sq Mi
$59,436
Median Household Income
$40,747
Median Earnings
$798
Median Rent
$180,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Resort - Six furnished cabins complement a large lodge equipped for weddings, meetings, and private functions.
Where is this resort located?
The property is located at 341070 E 890 Road Chandler, OK.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 18.9‑acre hospitality property with 15,560 square feet of improvements; Six furnished cabins, each with a kitchen, bathroom, laundry facilities, and patio; Main lodge includes a commercial kitchen, stage, integrated audio/video, six bathrooms, and a stone fireplace
