City Motel 1100 Main St 21 Room Hotel Knox City, TX 79529 $1,462,482 CAD ($69,642 CAD/Room) 16.50% Cap Rate

City Motel – Knox City, Texas
21-Unit Motel • RV Spaces • Apartment • Commercial Space • Strong Financials
• Asking $1,050,000
Motel Room Mix (21 Total Units)City Motel in Knox City is a well-maintained 21-unit hospitality property offering multiple income streams and excellent highway visibility. The motel features a diverse mix of room types, including king rooms, double-bed units, kitchenettes, and a spacious three-bedroom suite, with all rooms equipped with microwaves and refrigerators. Recent upgrades, such as a new roof, updated hot water heaters, high-speed Wi-Fi, new mattresses, and a modern security camera system, enhance both guest comfort and operational efficiency. The property also includes six fully serviced RV spaces with 50/30/20-amp hookups, a large lot suitable for semi-truck parking, and on-site living quarters consisting of a three-bedroom, two-bathroom apartment connected to the office. Additional amenities include guest laundry, commercial laundry equipment, an ice machine, and newly installed solar panels that contribute to long-term energy savings. A large attached commercial space—formerly a restaurant—offers excellent potential for future expansion, such as a café, laundry mat, event space, or additional rental units. With streamlined operating expenses and strong annual income, the property delivers an attractive return on investment, making it a compelling opportunity for both owner-operators and investors seeking stable cash flow with room to grow
?? Property Breakdown
• 1 Three-Bedroom Unit
• 10 King Rooms
• 6 Double-Bed Rooms
• 4 Double-Bed Rooms with Kitchenettes
Room Features
• All units non-smoking except one
• Microwave & refrigerator in every room
• New mattresses throughout
• Updated hot water heaters (within last 5 years)
• High-speed Wi-Fi system (updated)
• Security camera system (2023) with smartphone access
• Roof replaced in 2022
?? RV Park Component
• 6 working RV spaces
• 50 / 30 / 20 amp service
• Large lot suitable for semi-truck parking
• Additional space for expansion
?? Owner/Manager Living Quarters
• 3-bedroom, 2-bathroom apartment
• Attached to the office
• Ideal for on-site management or additional rental income
?? Additional Amenities & Improvements
• Solar panels installed in 2026 for electricity savings
• Guest washer & dryer
• Commercial washer & dryer for housekeeping
• Ice machine
• Office space for operations

• Large commercial/storage area (former restaurant) with potential for:
• Restaurant
• Café
• Laundry mat
• Event space
• Additional rental units
• Storage or workshop
?? Financial Summary (2025 Actuals)
Gross Income
• 2025 Gross Revenue: $293,000
Operating Expenses (Annual)
• $42,000 – Salary / Labor
• $48,000 – Utilities
• $5,000 – Property Taxes
• $8,000 – Maintenance
• $16,800 – Insurance
• $119,800 – Total Operating Expenses

Annual NOI: $173,200
?? Real Estate Valuation
Building Size
• 12,188 sq ft total
Valuation at $40 per sq ft
Estimated Real Estate Value (Building Only): $487,520


?? Asking Price
Offered at:??$1,050,000
This price reflects:
• Strong NOI of $173,200
• Multiple income streams (motel, RV, apartment, commercial space)
• Significant recent upgrades (roof, cameras, Wi-Fi, mattresses, solar)
• On-site living quarters
• Large commercial area with redevelopment potential
• Excellent highway access and visibility
At the asking price, the property offers an attractive cap rate and meaningful upside for an investor or owner-operator.
City Motel in Knox City is a well-maintained 21-unit hospitality property offering multiple income streams and excellent highway visibility. The motel features a diverse mix of room types, including king rooms, double-bed units, kitchenettes, and a spacious three-bedroom suite, with all rooms equipped with microwaves and refrigerators. Recent upgrades, such as a new roof, updated hot water heaters, high-speed Wi-Fi, new mattresses, and a modern security camera system, enhance both guest comfort and operational efficiency. The property also includes six fully serviced RV spaces with 50/30/20-amp hookups, a large lot suitable for semi-truck parking, and on-site living quarters consisting of a three-bedroom, two-bathroom apartment connected to the office. Additional amenities include guest laundry, commercial laundry equipment, an ice machine, and newly installed solar panels that contribute to long-term energy savings. A large attached commercial space—formerly a restaurant—offers excellent potential for future expansion, such as a café, laundry mat, event space, or additional rental units. With streamlined operating expenses and strong annual income, the property delivers an attractive return on investment, making it a compelling opportunity for both owner-operators and investors seeking stable cash flow with room to grow