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    1903 Historic Highway 66 Gallup, NM 87301-0000

    For Sale
    $1,200,000

    Gallup, NM Hotel - $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 50-room motel, situated on 2.24 acres along Historic Highway 66 in Gallup, New Mexico, presents a lucrative investment opportunity. Built in 1972, the property boasts a diverse room configuration catering to a wide range of guests. Fifteen rooms feature single king beds, fifteen offer two double beds, sixteen provide two queen beds, and four family rooms accommodate larger groups with three beds each. An added benefit is the inclusion of adjacent land, expanding potential development options. The property also includes a valuable two-bedroom manager's apartment conveniently attached to the office, providing comfortable on-site living. A dedicated breakfast area enhances guest experience and contributes to the property's overall appeal. The motel is exceptionally well-maintained, reflecting a commitment to quality and guest satisfaction. Located in McKinley County, New Mexico, with the address 1903 W Historic Hwy 66, Gallup, NM 87301, this property offers a compelling blend of established business and future growth potential. The asking price for this turnkey operation is $1,200,000. This represents a significant opportunity to acquire a well-established hospitality business in a vibrant and historically significant location.

    Property Features for 1903 Historic Highway 66

    General Information

    Property type
    Hotels
    Lot Size
    97,574 SF

    Building Details

    Year Built
    1972

    HighLights

    • 50‑room motel on 2.24 acres along Historic Route 66 in Gallup, NM.
    • Diverse room configuration: 15 king, 15 double‑double, 16 queen, and 4 triple family rooms.
    • Includes adjacent land for potential development.
    • Features a 2‑bedroom manager's apartment.
    • Dedicated breakfast area.
    • Well‑maintained property, turnkey operation, asking price $1,200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Holiday Motel Motel

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.7725676
    Latitude
    35.5182614

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    FAQs

    What type of property is this?
    Hotel - Gallup, NM Hotel - $1.2M
    Where is this hotel located?
    The property is located at 1903 Historic Highway 66 Gallup, NM.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 50-room motel on 2.24 acres along Historic Route 66 in Gallup, NM.; Diverse room configuration: 15 king, 15 double-double, 16 queen, and 4 triple family rooms.; Includes adjacent land for potential development.
    Request Owner's contact information
    1903 Historic Highway 66 Gallup, NM 87301-0000
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    Gallup, NM 87301-0000
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1903 Historic Highway 66 Gallup, NM 87301-0000
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