Building Details

Year built 1973

Floors in Building 1

Listing Agency: Ariston Realty LLC k***@aristonrealty.com Show Phone

Listed By: Neema Briggs · License #OKC178518 Show Phone

Added: Oct 6 Changed: Oct 8 Last Checked: Oct 16 at 2:06PM

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MLS# 1251542

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Investment Insights

Based on property information with market context.

The Sooner Motel in Stroud comprises 14 guest rooms, a separate 3-bedroom, 1-bath residence, and a small office. The improvements total 5,309 square feet on approximately 0.68 acres, and the property is zoned Commercial. Built in 1973, the site also has parking and an original motel sign.

The property is on Route 66 and 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 plus a separate 3‑bedroom, 1‑bath residence
• 5,309 SF of improvements on approximately 0.68 acres
• Includes a small office and parking

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

Property Analytics

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Current Use

Sooner Motel Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Hair Salon Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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 - A separate residence and small office accompany the lodging operation, with commercial zoning and a Route 66 setting.

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 plus a separate 3‑bedroom, 1‑bath residence; 5,309 SF of improvements on approximately 0.68 acres; Includes a small office and parking