8217 I-35 Service Rd Oklahoma City, OK 73149
- Hospitality properties
- 34,008 SF
Current Use by Public Records
- Hospitality properties
Property Details for 8217 I-35 Service Rd
- Year built
- 1984
- Property size
- 34,008 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 91-key Days Inn, a Wyndham Hotels & Resorts property, presents a compelling investment opportunity. Located at 8217 S I-35 Service Rd, Oklahoma City, OK 73149, this fee-simple hotel boasts 34,008 square feet on a 64,003 square foot lot. Built in 1984, the two-building, three-story property includes two owner's apartments: a 3-bedroom, 2-bathroom unit and a 1-bedroom, 2-bathroom unit, each with kitchen and living areas. The hotel's trailing-twelve-month (TTM) rooms revenue through August 2024 was $906,929, resulting in a rooms revenue multiplier (RRM) of 3.42x and a 10.0% capitalization rate. Priced at $3,100,000 ($34,065 per key), it's significantly below replacement cost. Its prime location offers excellent visibility off Interstate 35, near major employment centers including the Amazon Fulfillment Center and BNSF Railway, and benefits from proximity to Will Rogers World Airport and the Crossroads Sports Complex. Oklahoma City's growth, fueled by developments like the OKANA Resort & Indoor Waterpark and the Innovation District, further enhances the property's long-term potential. The hotel consistently outperforms its competitive set in RevPAR, with an index above 130.0% (July 2024 TTM). This presents a strong-performing asset ideal for a hands-on investor seeking an established revenue stream with significant growth opportunities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4956
- Latitude
- 35.3845
