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Property profile & analytics
OFF-MARKET Estimated value $780,000
Hotels

709 13th St Wakeeney, KS 67672-2801

17,164 SF 3.3 ac lot Built 1999
Entity Owned Free & Clear
Property ID
US33-1117301
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1999
Total area 17,164 SF
Lot 3.3 ac (143,748 SF)
APN 085-16-0-00-00-006.00-0
UPID US33-1117301
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
$780k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k
Owner & transaction history
MIK, LLC
MIK, LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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