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    FOR SALE
    Hotels

    1650 N 32Nd St, Muskogee, OK 74401

    50,748 SF 1.75 ac lot Built 2009
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US69-0404053
    Property summary
    AI-generated overview

    This 85-key Fairfield Inn & Suites, built in 2009, presents a compelling investment opportunity in Muskogee, Oklahoma. Located at 1650 N 32nd St, Muskogee, OK 74401, this four-story interior corridor hotel boasts convenient access to US Routes 62 and 64, placing it near restaurants and major transportation arteries. The property includes valuable amenities such as meeting space, a business center, an indoor pool, and a fitness center, catering to a broad range of guests. The hotel benefits from its established presence as a Marriott brand, offering stability and brand recognition within the market. Currently operating with a 78.3% RevPar index, this property presents a clear opportunity to increase occupancy and average daily rate (ADR), maximizing revenue potential. The hotel's absentee ownership structure provides a streamlined investment experience. Muskogee's strategic location in eastern Oklahoma, near three major rivers and 50 miles southeast of Tulsa, positions it as a regional center for trade and transportation, contributing to the hotel's consistent demand. The city's rich history as a railroad hub and its picturesque setting within Oklahoma's "Green Country" further enhance its appeal. This is a rare chance to acquire a well-established, profitable hotel with significant upside potential in a thriving regional market. The asking price is $6,800,000. The seller is motivated.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 2009
    Total area 50,748 SF
    Lot 1.75 ac (76,056 SF)
    Zoning code EF
    APN 3040-21-000-024-1-144-02
    UPID US69-0404053
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Fairfield Inn & Suites Muskogee Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.10M
    CAP Approach CAP
    $4.90M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.10M
    Owner & transaction history
    Wynn Hospitality LLC · 2 yrs held
    Wynn Hospitality LLC
    since 2024
    Last sale
    $6.1M
    4 recorded transactions
    2024
    $6.1M
    2016
    2007
    $500,000
    1969
    Zoning & alternative use
    EF · Muskogee, OK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.6M +194.8%
    Office building $6.3M +182.8%
    Restaurant $5.7M +156.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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