Current Use by Public Records
- Hospitality properties
Property Details for 2338 Wagon Cir Rd
- Year built
- 1991
- Lot size
- 1.84 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a 47-key Super 8 motel in Rawlins, Wyoming, ideally situated off I-80. Boasting a strong financial performance, the property offers a current NOI of $346,823 and a pro-forma NOI of $375,573, translating to a current cap rate of 11.60% and a pro-forma cap rate of 12.52%. The asking price is $3,000,000, representing a price per key of $63,829.79. Built in 1991 and extensively renovated in 2022, this two-story, interior corridor motel sits on a 1.84-acre lot (APN R0009610) and is zoned C-1. Amenities include free Wi-Fi, complimentary breakfast, on-site guest laundry, and in-room conveniences such as flat-screen televisions and coffee/tea makers. Pet-friendly options and free on-site parking are also available. Its strategic location offers easy access to major attractions, including the Wyoming Frontier Prison and Carbon County Museum, as well as Saratoga Hot Springs and Rawlins' historic downtown. The Rawlins Municipal Airport is just 3.8 miles away. This turnkey operation benefits from its established brand recognition and strong location within a region experiencing significant tourism, with Wyoming recording 7.5 million tourists and a $4.7 billion economic impact in 2023. This presents a compelling opportunity for investors seeking a high-performing hospitality asset in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rawlins
- County
- Carbon
- State
- Wyoming
- Longitude
- -107.266
- Latitude
- 41.785
