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Rudd Motel 224 S Ash St 12 Room Hotel Nowata, OK 74048 $299,000 ($24,917/Room) 12.04% Cap Rate
Executive Summary
RUDD MOTEL
12-Room Operating Motel • Nowata, Oklahoma
ASKING PRICE: $299,000
An established small-town motel with highway exposure, owner/manager living quarters and significant upside potential.
The Rudd Motel is a 12-room operating motel located at 224 S. Ash Street in Nowata, Oklahoma, near U.S. Highway 169. Public sources confirm the motel’s location and continued identification as a lodging business. (D&B (https://www.dandb.com/businessdirectory/ruddmotel-nowata-ok-17239180.html?utm_source=chatgpt.com)?)
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PROPERTY HIGHLIGHTS
12 motel rooms
Approximately 7 rooms updated
Approximately 60% occupancy
Approximately $90,000 gross revenue in 2025
Separate 3-bedroom, 2-bath owner/manager residence
Approximately 1,600 sq. ft. living quarters
Approximately 1 acre
Coin-operated laundry with 2 washers and 2 dryers
On-site management
Convenient access to restaurants, groceries and local services
Located near major highway traffic
Established operating motel with additional upside from renovations, marketing and increased occupancy
The property has historically been marketed as a 12-unit motel with living quarters and an office/laundry area, and public records identify the structure as having been built in 1959. (Zillow (https://www.zillow.com/homedetails/224-S-Ash-St-Nowata-OK-74048/2107599102_zpid/?utm_source=chatgpt.com)?)
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FINANCIAL OVERVIEW
2025 Gross Revenue
Approximately $90,000
Asking Price
$299,000
918 853-7377 for information
12-Room Operating Motel • Nowata, Oklahoma
ASKING PRICE: $299,000
An established small-town motel with highway exposure, owner/manager living quarters and significant upside potential.
The Rudd Motel is a 12-room operating motel located at 224 S. Ash Street in Nowata, Oklahoma, near U.S. Highway 169. Public sources confirm the motel’s location and continued identification as a lodging business. (D&B (https://www.dandb.com/businessdirectory/ruddmotel-nowata-ok-17239180.html?utm_source=chatgpt.com)?)
?
PROPERTY HIGHLIGHTS
12 motel rooms
Approximately 7 rooms updated
Approximately 60% occupancy
Approximately $90,000 gross revenue in 2025
Separate 3-bedroom, 2-bath owner/manager residence
Approximately 1,600 sq. ft. living quarters
Approximately 1 acre
Coin-operated laundry with 2 washers and 2 dryers
On-site management
Convenient access to restaurants, groceries and local services
Located near major highway traffic
Established operating motel with additional upside from renovations, marketing and increased occupancy
The property has historically been marketed as a 12-unit motel with living quarters and an office/laundry area, and public records identify the structure as having been built in 1959. (Zillow (https://www.zillow.com/homedetails/224-S-Ash-St-Nowata-OK-74048/2107599102_zpid/?utm_source=chatgpt.com)?)
?
FINANCIAL OVERVIEW
2025 Gross Revenue
Approximately $90,000
Asking Price
$299,000
918 853-7377 for information
Property Facts
| Price | $299,000 | Lot Size | 0.31 AC |
| Price Per Room | $24,917 | Building Size | 3,804 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Cap Rate | 12.04% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1959 |
| Property Type | Hospitality | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | Hospitality | ||
| Price | $299,000 |
| Price Per Room | $24,917 |
| Sale Type | Investment |
| Cap Rate | 12.04% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,804 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
| Zoning | Hospitality |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $56.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1001-01-042-002-0-002-00 | Improvements Assessment | $9,139 |
| Land Assessment | $1,445 | Total Assessment | $10,584 |
Property Taxes
Parcel Number
1001-01-042-002-0-002-00
Land Assessment
$1,445
Improvements Assessment
$9,139
Total Assessment
$10,584
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Rudd Motel | 224 S Ash St