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    Duplicate Gallup, NM 87301

    For Sale
    $1,200,001

    Prime Gallup, NM Motel - 50 Rooms

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a well-maintained 50-room motel situated on historic Route 66 in Gallup, New Mexico. The property boasts a desirable location in McKinley County, with a convenient address in the 87301 zip code. The motel features a diverse range of room configurations to cater to various guest needs, including 15 single king rooms, 15 double-bed rooms, 16 queen-bed rooms, and four family rooms equipped with three beds. The sale includes an additional parcel of land adjacent to the main motel building, offering potential for expansion or future development. On-site amenities include a two-bedroom manager's apartment conveniently attached to the office, providing comfortable living quarters for on-site management. Guests can enjoy a dedicated breakfast area, enhancing their overall stay experience. The property is zoned for heavy commercial use, providing flexibility for future business ventures. The asking price for this established motel is $1,200,001, representing a significant opportunity in the thriving hospitality sector of Gallup, NM. The total lot size encompasses 2.2 acres. This is a rare chance to acquire a well-established motel with significant growth potential in a prime location. The property's strong historical ties to Route 66 offer unique marketing advantages.

    Property Features for 0 Duplicate

    General Information

    Property type
    Motels
    Lot Size
    95,832 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.77219587
    Latitude
    35.51859902

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    FAQs

    What type of property is this?
    Motel - Prime Gallup, NM Motel - 50 Rooms
    Where is this motel located?
    The property is located at Duplicate Gallup, NM.
    What is the asking price?
    The asking price for this property is $1,200,001.
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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.

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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
    Duplicate Gallup, NM 87301
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