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Property profile & analytics
FOR SALE
Motels

211 N 9Th St Canute, OK 73626

25,272 SF 1.06 ac lot Built 1981
Entity Owned 13-yr Hold Free & Clear
Property ID
US69-2007284
Property summary
AI-generated overview

This exceptional investment opportunity presents a 64+ room motel situated on a 1.06-acre lot at 211 N 9th Street, Canute, OK. Conveniently located just off Interstate 40 at the Canute exit, this property offers significant potential for a savvy investor. The existing structure boasts a substantial 12,636 square feet of space, including multiple guest rooms, a dedicated laundry room, and ample family rooms suitable for on-site management or staff. While the property requires some renovation—all existing carpeting has been removed—this presents a chance to customize and upgrade to meet current market demands. The extensive parking area ensures ample space for guests and staff. The asking price of $450,000 reflects the significant upside potential inherent in this prime location and substantial building size. This is an ideal opportunity for an investor seeking a high-return project with strong potential for growth in a convenient location. The property's proximity to I-40 provides excellent visibility and accessibility, making it an attractive destination for travelers. With some investment in renovations and upgrades, this motel can be transformed into a thriving business.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1981
Total area 25,272 SF
Lot 1.06 ac (46,174 SF)
APN I030-00-003-001-0-002-00
UPID US69-2007284
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k
Owner & transaction history
Rns Group LLC · 13 yrs held
Rns Group LLC
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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