820 Washington St Junction City, KS 66441-3804
This Junction City, Kansas motel boasts 32 recently renovated rooms, some with kitchenettes, situated on a prime I-70 location. Built in 1949 and extensively updated in 2024, this four-building property has consistently achieved 80% occupancy over the past three years, demonstrating a strong and reliable income stream. Its strategic location near Fort Riley Military Base, Geary Community Hospital, and Junction City School District ensures a consistent demand for lodging from military personnel, hospital staff, and their families. The city's vibrant community and annual events, such as the Sundown Salute, attract additional visitors, further boosting occupancy rates. The property presents a compelling investment opportunity, offering potential for continued operation as a motel or conversion into multi-family housing. Junction City's stable economy and growing population create a favorable market for both short-term and long-term rentals. The existing kitchenette-equipped rooms provide a significant advantage for potential multi-family conversion, reducing initial renovation costs. Proximity to essential amenities, including schools, hospitals, and retail centers, enhances the property's appeal to both short-term and long-term tenants. Easy access to I-70 ensures convenient access for residents and visitors alike. This property offers a unique blend of immediate income generation and significant long-term growth potential.
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"CSR" Service Commercial Restricted District. A district designed to provide for those businesses and commercial uses which draw their customers from motorists on the highway, or for whom a location on a highway or arterial street is especially useful or necessary. Although some of the typical retail uses are permitted in other commercial districts, most of…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CSR · Junction City, KS"CSR" Service Commercial Restricted District. A district designed to provide for those businesses and commercial uses which draw their customers from motorists on the highway, or for whom a location on a highway or arterial street is especially useful or necessary. Although some of the typical retail uses are permitted in other commercial districts, most of these permitted uses in this district would not blend well into a prime retail area. 14. "CSS" Commercial Service Special District. Commercial Service Special District is designed for a very narrow blend of Special Purpose Business. 15. "IR" Restricted Industrial District. A district designed to permit light manufacturing and processing uses which shall be carried on within an enclosed structure. 16. "IL" Light Industrial District. A district designed to permit light manufacturing and processing uses. 17. "IH" Heavy Industrial District. A district designed to permit those industrial uses which by their very nature cannot be compatible with adjacent districts. 18. "AP" Airport District. A district designed to accommodate airports and certain uses which are associated with airports. 19. "IP" Industrial Park District. A district designed to permit a broad range of industrial activities within certain limitations. 20. "LR" Land Reserve District. A district designed to accommodate unimproved public land reserved for maintenance of an area in a generally natural environment for leisure and/or scenic purposes. 21. "PDD" Planned Development District. A district designed to accommodate flexible land use when traditional zoning regulations are difficult or impossible to implement. B. From time to time, planned development districts may also be established pursuant to the provisions of Chapter 435 of this Title.
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.
