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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Motels
419 George Nigh Expy Mcalester, OK 74501-6092
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0894158
Property summary
AI-generated overview
Exceptional investment opportunity: The HiWay Inn & Suites, a 135-key hotel in McAlester, Oklahoma, is offered at $3,200,000. This 61,470 square foot property, built in 1994, sits on a 4.75-acre lot and boasts a prime location along a major retail corridor with approximately 485 feet of frontage on Hwy I-169. The property includes multiple hotel buildings and a free-standing Pizza Inn restaurant. Its strategic location across from Walmart and near the merging points of major highways (Hwy 75, Hwy 69, and I-40) presents significant advantages. The property's size and location make it ideal for various redevelopment options, including a truck stop, truck wash, truck repair shop, or apartment complex. Additional land is available for expansion west of the existing structures. This two-story hotel presents a unique opportunity in an Opportunity Zone. The asking price is $52.06 per square foot.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Total area
3,682 SF
Lot
2.75 ac (120,000 SF)
APN
0100-00-462-002-0-002-00
UPID
US69-0894158
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
Current use
Occupant on record · Public records
-
HiWay Inn & Suites Hotel & Motel
-
Pizza inn McAlester Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.20M
Owner & transaction history
Apex Hospitality LLC · 2 yrs held
Apex Hospitality LLC
since 2024
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mcalester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mcalester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Apr 1 2024)
Last sale anchor
$1.20M
Apr 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$326 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,186
Tax year 2023
Assessed value
$311,225
Assessed 2023
Previous assessed
$311,225
+0.0% YoY
Effective rate
8.74%
On assessed value
Assessed land
$82,525
Assessed improvement
$228,700
Land market value
$750,231
Improvement market value
$2,079,092
Total market value
$2,829,323
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Heating
HEAT PUMP
Cooling
YES
Buildings
5
Stories
2
Rooms
98
Bathrooms
100
Total area
3,682 SF
Lot
2.75 ac (120,000 SF)
APN
0100-00-462-002-0-002-00
UPID
US69-0894158
Jurisdiction
PITTSBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
5
Rooms
98
Bathrooms
100
Lot
2.75 ac
Current owner
From public records · entity-resolved
Apex Hospitality LLC
Entity
Mailing address
819 S GEORGE NIGH EXPY, MCALESTER, OK 74501-7279
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$1,200,000
Apex Hospitality LLC
First National Bank & Trust Co
Warranty Deed
$1,200,000 · First National Bank & Trust Co Mcal
Feb 28, 2024
$1,146,083
First National Bank & Trust Co
Kishor Keval
Correction Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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