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Property profile & analytics
OFF-MARKET Estimated value $295,000
Motels

501 6th St Thermopolis, WY 82443-3007

6,160 SF 0.39 ac lot Built 1962
Entity Owned Free & Clear
Property ID
US95-0122621
Property summary
AI-generated overview

This exceptional investment opportunity presents an 18-unit motel situated on a 0.39-acre lot at 501 S 6th Street in Thermopolis, Wyoming, zip code 82443. The Elk Antler Motel boasts a highly visible location on the main highway, offering easy access and high traffic exposure. The property is a well-established landmark in the community. Many recent upgrades and updates have been completed, ensuring the motel is well-maintained and attractive to guests. All rooms are fully furnished with beds, flat-screen televisions, microwaves, air conditioners, and refrigerators. A variety of room types are available, including singles, doubles, triples, and suites, catering to a diverse range of travelers. The motel features a paved parking lot for convenient guest parking. Note that one unit is not yet fully completed. The property's mixed-use zoning allows for the possibility of attached living quarters, making it an ideal owner-operator opportunity. The asking price for this turnkey operation is $649,000. This presents a rare chance to acquire a profitable and established business in a desirable location. The property's strong history and current condition make it an attractive investment for those seeking a stable and potentially high-return venture in the hospitality sector.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1962
Total area 6,160 SF
Lot 0.39 ac (16,800 SF)
APN 42950121800500
UPID US95-0122621
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
  • Elk Antler Inn Hotel & Motel
  • Budget Host Elk Antler Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k
Owner & transaction history
TALL TREE INDUSTRIES INC
TALL TREE INDUSTRIES INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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