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Cody Motel 75 Center St 39 Room Hotel Rock Springs, WY 82901 $975,000 ($25,000/Room)
Executive Summary
Highly Profitable Well-Maintained Motel with extensive square footage priced aggressively. Motel consists of 39 rooms (mix of single and doubles), 10 of which have kitchenettes. Two of these have 2 separate rooms with 3 beds. Additional income returns ($1250mo) are realized through an additional apartment and 1291sf home on the property. Property is currently managed by a live-in manager. Current asking price puts the property over a 10% CAP.
Property Facts
| Price | $975,000 | Lot Size | 0.82 AC |
| Price Per Room | $25,000 | Building Size | 18,368 SF |
| Sale Type | Investment | No. Rooms | 39 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1945/2018 |
| Building Class | C | Corridor | Exterior |
| Zoning | COMMERCIAL - Commercial | ||
| Price | $975,000 |
| Price Per Room | $25,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 18,368 SF |
| No. Rooms | 39 |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2018 |
| Corridor | Exterior |
| Zoning | COMMERCIAL - Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 39 | $45.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-1905-35-2-01-010.00 | Improvements Assessment | $59,668 |
| Land Assessment | $9,187 | Total Assessment | $68,855 |
Property Taxes
Parcel Number
04-1905-35-2-01-010.00
Land Assessment
$9,187
Improvements Assessment
$59,668
Total Assessment
$68,855
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Cody Motel | 75 Center St