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Property profile & analytics
OFF-MARKET
Turn key restaurants

706 Kerr Blvd Sallisaw, OK 74955-7219

1,956 SF 0.75 ac lot Built 1986
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US69-1319830
Property summary
AI-generated overview

This exceptional 83-key hotel, The Blue Ribbon Inn & Suites, presents a lucrative investment opportunity in Sallisaw, Oklahoma. Boasting 25,743 square feet across two two-story buildings on a 2-acre lot, this established property features 70 rentable rooms, each equipped with air conditioning, flat-screen TVs, refrigerators, microwaves, and coffee/tea makers. Amenities include indoor and outdoor pools, complimentary breakfast, and versatile meeting rooms, catering to a diverse clientele. Strategically located near major highways and directly across from a Cherokee Nation casino (lacking its own hotel), the property benefits from high visibility and convenient access. Further enhancing its appeal, the hotel is situated near the Sequoyah National Wildlife Refuge, attracting leisure travelers. The surrounding area is experiencing significant growth, fueled by a new VA housing facility and processing plant, promising increased occupancy rates and strong future returns. Built in 1984, this property offers immediate income generation and substantial upside potential for savvy investors seeking a foothold in a thriving Oklahoma market. The property's proximity to key attractions and the burgeoning local economy makes it an ideal investment for those seeking a strong return on investment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 1,956 SF
Lot 0.75 ac (32,670 SF)
APN 0000-06-011-024-0-097-00
UPID US69-1319830
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
  • The Blue Ribbon Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Angel Lopez JR · 3 yrs held
Angel Lopez JR
since 2022
Last sale
$475,000
3 recorded transactions
2022
$475,000
2017
Price N/A
2015
$175,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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