Log In/Sign Up
Your email has been sent.
Tarragon Motel W1915 Flame Rd 18 Room Hotel Marinette, WI 54143 $725,000 ($40,278/Room) 19.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Large lot with extra few acres in the back. Lots of potential.
- Solid concrete block construction
- Big tourist and busienss area
EXECUTIVE SUMMARY
This is a 18-room motel with a 2-BR Manager's apartment, a rental apartment and a common area equipped for guest laundry and cooking along the bank of Lake Michigan and State Highway 41. Tourist and business area. Very close to fishing tournaments, Marinette shipyard, a regional hospital and cancer center, and Waupaca foundry. Huge parking lot and electric outlets for boat plug in and truck parking. Official snowmobile track runs inside the property. Well water with no water bill. Large lot with extra few
acres in the back with lots of potential, such as self-storage. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $725,000.
acres in the back with lots of potential, such as self-storage. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $725,000.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$225,000
|
$51.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$86,450
|
$19.65
|
| Net Operating Income |
$138,550
|
$31.49
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $51.14 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $86,450 |
| Annual Per SF | $19.65 |
| Net Operating Income | |
|---|---|
| Annual | $138,550 |
| Annual Per SF | $31.49 |
PROPERTY FACTS
| Price | $725,000 | Lot Size | 3.70 AC |
| Price Per Room | $40,278 | Building Size | 4,400 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Cap Rate | 19.11% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2016 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | C | ||
| Price | $725,000 |
| Price Per Room | $40,278 |
| Sale Type | Investment |
| Cap Rate | 19.11% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 4,400 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2016 |
| Corridor | Exterior |
| Zoning | C |
AMENITIES
- Room Service
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $57.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 024-01119.000 | Improvements Assessment | $321,200 (2024) |
| Land Assessment | $45,100 (2024) | Total Assessment | $366,300 (2024) |
PROPERTY TAXES
Parcel Number
024-01119.000
Land Assessment
$45,100 (2024)
Improvements Assessment
$321,200 (2024)
Total Assessment
$366,300 (2024)
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Alice Yip
Tarragon Motel | W1915 Flame Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.