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Ranger Motel 909 W Lincolnway 22 Room Hotel Cheyenne, WY 82001 $1,050,000 ($47,727/Room) 13.30% Cap Rate
Investment Highlights
- Prime location in Wyoming’s growing capital city with easy access to I-25 and near Downtown Cheyenne.
- Many attractions are nearby, including Martin Luther King Jr. Park, the Nelson Museum of the West, the Cowgirls of the West Museum, and others.
- Great spot for any traveler seeking the Cheyenne experience.
- Well-maintained motel with easy-to-maintain features and updates, such as a new roof, new carpet, newer heaters, and new paint.
- Located in the heart of Cheyenne's business hub, within walking distance of restaurants, parks, and an event center.
Executive Summary
Recently renovated property featuring 22 motel rooms in Wyoming's growing capital city. The lower property taxes and the absence of state income tax create a more favorable net for the owner. Situated immediately off the busy Lincolnway, the Ranger Motel provides convenient access to I-25 and I-80. It is within walking distance of Cheyenne's Historic Old Town and its renowned dining establishments, including Railspur, WY Rib & Chop, Papa John’s, Arby’s, and Village Inn, as well as nearby shopping centers, commercial facilities, and museums. The motel's steady revenue history provides a stable foundation and reassurance for both novice investors and retirees. The 2-bedroom manager suite, low-maintenance features, and recent upgrades will facilitate seamless operation. Recent enhancements include a new roof, new gutters, a newer sign, a refreshed parking lot finish, a modernized water heater, updated rooms, and additional improvements. This property is highly recommended for inspection!
Property Facts
Amenities
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $40.00 | - |
1 1
Property Taxes
| Parcel Number | 1-1001-0410-0001-0 | Improvements Assessment | $30,997 |
| Land Assessment | $8,267 | Total Assessment | $39,264 |
Property Taxes
Parcel Number
1-1001-0410-0001-0
Land Assessment
$8,267
Improvements Assessment
$30,997
Total Assessment
$39,264
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Ranger Motel | 909 W Lincolnway
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