50-Room Hotel Near
For Sale
Contact for pricing
505 Wendover Blvd, Wendover, UT 84083
Established hotel with direct I-80 access and proximity to Bonneville Salt Flats attractions and Wendover casinos.
Property Size44,431 SF
Price / SF$36.01
Days on Market152
Property Features for 505 Wendover Blvd
General Information
Standard status
Active
Size
44,431 SF
Property subtype
Hospitality
Net Operating Income
$71,396
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #177814
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: Sep 1 at 4:12AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 50-room hotel, built in 1980, is located at 505 Wendover Blvd in Wendover, Utah. The property encompasses 44,431 square feet and is positioned directly off I-80, providing access to regional travel routes and nearby visitor destinations.
The hotel is operated remotely by an absentee owner with assistance from local staff. Sontesta is offering a new franchise to a future owner, and the property may also be considered for other economy-brand reservation systems. Nearby attractions identified for the property include the Bonneville Salt Flats, Bonneville Speed Races, Wendover, Nevada casinos, and Wendover historical sites.
The hotel is operated remotely by an absentee owner with assistance from local staff. Sontesta is offering a new franchise to a future owner, and the property may also be considered for other economy-brand reservation systems. Nearby attractions identified for the property include the Bonneville Salt Flats, Bonneville Speed Races, Wendover, Nevada casinos, and Wendover historical sites.
Key Highlights
- 50‑room hotel comprising 44,431 square feet
- Built in 1980
- Located directly off I‑80
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
$139,291
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
8.71%
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%
$2,785,820
$2.8M
Cap Rate 7%
$1,989,871
$2.0M
Cap Rate 9%
$1,547,678
$1.5M
Market Conditions
NOI Build-Up for 44,431 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
$533.2K $12.00/SF
− Vacancy
−$239.9K −$5.40/SF
EGI
$293.2K $6.60/SF
− OpEx
−$154.0K −$3.47/SF
NOI
$139.3K $3.14/SF
Area
Tooele County, UT
Vacancy
45.00%
Lease Rate
$12.00 /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%
$2,785,820
Cap Rate 7%
$1,989,871
Cap Rate 9%
$1,547,678
Alternative Uses
Best Use
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,291 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.97M
$10.47M – $13.97M
NOI $837,925 @ 7.0% cap · market cap 52.37%
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
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 84083, UT
1,115
Population
547
Households
2
Avg Household Size
39
Median Age
7%
College-Educated
66%
High-School Grad
607.2 sq mi
ZIP Area
2
Density / Sq Mi
$45,938
Median Household Income
$32,130
Median Earnings
$688
Median Rent
$166,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Established hotel with direct I-80 access and proximity to Bonneville Salt Flats attractions and Wendover casinos.
Where is this hotel located?
The property is located at 505 Wendover Blvd Wendover, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 50‑room hotel comprising 44,431 square feet; Built in 1980; Located directly off I‑80
