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    Property profile & analytics

    Us Highway 163 Mexican Hat, UT 84531

    • Hospitality properties
    • 16,860 SF
    • 4.17 lot acres
    For Sale
    View listing
    $3,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 0 Us Highway 163

    Year built
    1863
    Lot size
    4.17 lot acres
    Property size
    16,860 SF
    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    This exceptional investment opportunity presents the San Juan Inn & Trading Post, a well-established 38-key motel nestled along the scenic San Juan River in Mexican Hat, Utah. Built in 1863 and extensively renovated in 2017, this charming property boasts 16,860 square feet across four buildings, each two stories high. Situated on a generous 4.17-acre lot, the motel benefits from a prime location along US-163, attracting a consistent stream of tourists and adventurers. The property includes a highly-rated on-site restaurant, renowned for its Navajo tacos and stunning river views, adding a significant revenue stream and enhancing the overall guest experience. The restaurant's inviting atmosphere and exceptional decor complement the serene surroundings, making it a popular destination for both hotel guests and locals. This turnkey operation offers significant growth potential, capitalizing on the increasing tourism in this unique southwestern destination. The property's rich history combined with its modern amenities and strategic location make it an ideal acquisition for investors seeking a profitable and picturesque hospitality venture in Utah. The asking price is $3,200,000. This is a rare chance to own a piece of Utah's history and capitalize on the thriving tourism market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mexican Hat
    County
    San Juan
    State
    Utah
    Longitude
    -109.86
    Latitude
    37.1737

    Comparable in this City

    • Value Estimation by Request
      1,700 SF

      Us Hwy 163rd San Juan Riv Brg Brg

      COMMERCIAL (GENERAL) • 1,700 SF
      Us Hwy 163rd San Juan Riv Brg Brg, Mexican Hat, UT 84531
      View Details
    • Value Estimation by Request
      0.93 Acres

      Mexican Hat, UT 84531

      COMMERCIAL (GENERAL) • 0.93 Acres
      Mexican Hat, UT 84531
      View Details
    • Value Estimation by Request
      3,444 SF

      2956 Us Hwy 163

      COMMERCIAL (GENERAL) • 3,444 SF
      2956 Us Hwy 163, Mexican Hat, UT 84531-7707
      View Details

    Similar Nearby for Sale

    • $3,995,000
      36,321 SF

      Canyon Country Hospitality and Land

      Hospitality property and land in Utah's Canyon Country.
      120 Hwy, Mexican Hat, UT 84531
      View Details
    • $3,200,000
      16,860 SF

      San Juan Inn: Prime Motel Investment

      Historic Utah Motel, 38 Keys, Riverfront
      0 Us Highway 163, Mexican Hat, UT 84531
      View Details
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    Mexican Hat, UT 84531
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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