Motel with On-Site
New
For Sale
$500,000
412 N 8th Avenue, Stroud, OK 74079
The hospitality property combines guest accommodations with a separate three-bedroom residence and a small office.
Property Size5,309 SF
Lot Size0.68 Acres
Price / SF$94.18
Days on Market7
Property Features for 412 N 8th Avenue
General Information
Standard status
Active
Size
5,309 SF
Lot size
0.68 Acres
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
Ariston Realty LLC
Listed By:
Neema Briggs · License #OKC178518
(405) 203-4115
Source:
Hargroverealtygroup
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 5:07PM
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 Ariston Realty LLC
Investment Insights
Based on property information with market context.
The Sooner Motel in Stroud comprises 14 guest rooms, a three-bedroom, one-bath residence, and a small office. The improvements total 5,309± SF on approximately 0.68 acres. Built in 1973, the property also features a motel sign with Route 66-era character and parking for guests.
Located on Route 66, the property is near the Rock Cafe and Route 66 Spirit of America Museum. It has remained under the same ownership for 32 years.
Located on Route 66, the property is near the Rock Cafe and Route 66 Spirit of America Museum. It has remained under the same ownership for 32 years.
Key Highlights
- 14 motel rooms
- Separate residence with 3 bedrooms and 1 bathroom, plus a small office
- 5,309± SF of improvements on approximately 0.68 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,945
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,900
$798.9K
Cap Rate 7%
$570,643
$570.6K
Cap Rate 9%
$443,833
$443.8K
Market Conditions
NOI Build-Up for 5,309 SF
Gross rent
$95.6K $18.00/SF
− Vacancy
−$11.5K −$2.16/SF
EGI
$84.1K $15.84/SF
− OpEx
−$44.1K −$8.32/SF
NOI
$39.9K $7.52/SF
Area
Lincoln 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 Rate 5%
$798,900
Cap Rate 7%
$570,643
Cap Rate 9%
$443,833
Alternative Uses
Best Use
Hotel Hospitality
$570.6K
$499.3K – $665.8K
NOI $39,945 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,828 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 74079, OK
4,532
Population
2,036
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
92%
High-School Grad
186.8 sq mi
ZIP Area
24
Density / Sq Mi
$65,000
Median Household Income
$40,789
Median Earnings
$732
Median Rent
$162,300
Median Home Value
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Similar Off Market Nearby
- Skyliner Motel — 717 W Main St, Stroud, OK 74079
- Sooner Motel — 412 N 8th Ave, Stroud, OK 74079
- Hampton Inn & Suites Stroud — 915 Ada Webb Dr, Stroud, OK 74079
- Cattle Country Lodge — 1200 N 8th Ave, Stroud, OK 74079
Frequently Asked Questions
What type of property is this?
Motel - The hospitality property combines guest accommodations with a separate three-bedroom residence and a small office.
Where is this motel located?
The property is located at 412 N 8th Avenue Stroud, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 14 motel rooms; Separate residence with 3 bedrooms and 1 bathroom, plus a small office; 5,309± SF of improvements on approximately 0.68 acres
