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Hillcrest Motel 606 W Holme St 26 Room Hotel Norton, KS 67654 $753,340 CAD ($28,975 CAD/Room) 9.09% Cap Rate
Investment Highlights
- Operational Upside Opportunity
- Attractive Entry Price Point for Owner Operator Opportunity
- Strong Margin Potential
Executive Summary
Attractive Entry Price Point for Owner-Operator Opportunity
- Low operating costs
- Simple management structure
Operational Upside Opportunity
- Improved revenue management
- Increase expense control and operational efficiencies
- Potential rebranding and property upgrade to increase Average Daily Rate (ADR)
High Demand for Affordable Lodging
-Road Travelers
-Construction and workforce crew
Strong Margin Potential
Strategic Location Potential
- Along Highway 36
- Franchise or Branding Opportunity
- Low operating costs
- Simple management structure
Operational Upside Opportunity
- Improved revenue management
- Increase expense control and operational efficiencies
- Potential rebranding and property upgrade to increase Average Daily Rate (ADR)
High Demand for Affordable Lodging
-Road Travelers
-Construction and workforce crew
Strong Margin Potential
Strategic Location Potential
- Along Highway 36
- Franchise or Branding Opportunity
Property Facts
| Price | $753,340 CAD | Building Size | 9,717 SF |
| Price Per Room | $28,975 CAD | No. Rooms | 26 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.09% | Year Built/Renovated | 1950/2024 |
| Property Type | Hospitality | Parking Ratio | 3.09/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.90 AC | ||
| Zoning | IL | ||
| Price | $753,340 CAD |
| Price Per Room | $28,975 CAD |
| Sale Type | Investment |
| Cap Rate | 9.09% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 9,717 SF |
| No. Rooms | 26 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 3.09/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | IL |
Amenities
- Pool
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | $57.53 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 088-34-0-10-14-002.00-0 | Improvements Assessment | $52,201 CAD |
| Land Assessment | $37,534 CAD | Total Assessment | $89,735 CAD |
Property Taxes
Parcel Number
088-34-0-10-14-002.00-0
Land Assessment
$37,534 CAD
Improvements Assessment
$52,201 CAD
Total Assessment
$89,735 CAD
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Hillcrest Motel
Hillcrest Motel | 606 W Holme St
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