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    2Nd St Cyril, OK 73029

    Sponsored
    For Sale
    $599,000

    Oklahoma Hotel Portfolio: High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two established hospitality venues in Cyril, Oklahoma: the Huckleberry Extended Stay and the Budget Inn. Strategically located off Highway 277, these properties benefit from high visibility and proximity to retail businesses. The Huckleberry Extended Stay boasts approximately 140 feet of highway frontage, nine recently renovated rooms, a new roof (2018), updated paint and carpeting, and newly renovated manager's living quarters. Onsite laundry facilities cater to extended-stay guests, and a secure employee check-in system enhances safety. A prominent pylon sign and marquee ensure high visibility. Ample guest parking is available. The Budget Inn, also newly remodeled, features 18 rooms with updated carpeting, paint, furniture, and window units. The manager's quarters include a spacious 34 x 21 kitchen/living area. A guest laundry facility with updated door locks adds convenience. Both properties benefit from a high occupancy rate and are the only two hospitality venues in Cyril, making this a rare and lucrative investment opportunity. The asking price for this combined portfolio is $599,000. The total number of keys is 28.

    Property Features for 0 2Nd St

    General Information

    Property type
    Motels

    HighLights

    • Two adjacent hospitality venues in Cyril, OK.
    • Only two hospitality properties available in Cyril.
    • High occupancy rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Cyril
    County
    Caddo
    State
    Oklahoma
    Longitude
    -98.200991787282
    Latitude
    34.897671197759

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    FAQs

    What type of property is this?
    Motel - Oklahoma Hotel Portfolio: High Occupancy
    Where is this motel located?
    The property is located at 2Nd St Cyril, OK.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Two adjacent hospitality venues in Cyril, OK.; Only two hospitality properties available in Cyril.; High occupancy rates.
    Request Owner's contact information
    2Nd St Cyril, OK 73029
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    Cyril, OK 73029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2Nd St Cyril, OK 73029
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