709 13th St Wakeeney, KS 67672-2801
This exceptional investment opportunity presents a 43-key Super 8 by Wyndham hotel in Wakeeney, Kansas. The property boasts 25,000 square feet on a spacious 3.44-acre lot, conveniently located off Interstate 70, ensuring high visibility and accessibility for travelers. Built in 1999, this two-story, interior-corridor hotel offers 43 well-appointed guest rooms. The asking price is $2,000,000, representing a price per square foot of $80. Financial records indicate a trailing twelve-month revenue (July 2024) of $604,812, resulting in an attractive 3.3x multiplier. Wakeeney's strategic location, approximately four hours from Kansas City, MO, and 4.5 hours from Denver, CO, provides access to a substantial regional market. The town itself benefits from a robust agricultural economy, supported by corn and wheat farming, livestock ranching, and nearby wind energy projects. Recreational opportunities abound with Cedar Bluff State Park offering hiking, fishing, and other outdoor activities. This presents a compelling opportunity for an owner-operator seeking a well-performing asset in a thriving community. The property's location and strong financial performance make it an attractive investment prospect. The property's APN is 0980851600000006000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.