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Steven's Motel 8722 N Hwy 99

14 Room Hotel Stockton, CA 95212 £1,173,675 (£83,834/Room) 10.73% Net Initial Yield

Investment Highlights

  • CASH FLOW

Executive Summary

Introducing Stevens Motel, a lucrative investment opportunity located at the Hammer Lane exit off Highway 99 in the desirable Morada neighborhood of Stockton, California. With its prime location and high occupancy rate of 90%, this 14-unit motel is a cash flow generator. The property features a well-maintained fenced yard, providing ample space for storage or future expansion. The motel also includes 17 paved parking spots with ADA spaces for added convenience. Each of the 14 units offers 1 bedroom and 1 bathroom, with five units equipped with full kitchens (all units are plumbed for full kitchens). Additionally, there is a spacious 2 bedroom, 1 1/2 bath manager's apartment on-site. Situated just outside the City of Stockton limits, Stevens Motel benefits from excellent visibility from the Golden State Highway (99). The property also boasts solar power and a commercial water well.
Stockton, the 11th largest city in California, is home to a growing population and is easily accessible via major highways and a deepwater inland port. The city's strategic location, combined with its affordable real estate and logistics hub status, make it an ideal choice for investors. Don't miss out on this incredible opportunity to own Stevens Motel located at the Hammer Lane exit of Highway 99 in the sought-after Morada neighborhood. Contact us now for a Proforma Financial Report and secure your investment in this thriving market.

Financial Summary (Pro forma - 2022)

Annual Annual Per SF
Gross Rental Income £213,609 £35.60
Other Income - -
Vacancy Loss £29,905 £4.98
Effective Gross Income £183,704 £30.62
Taxes £7,328 £1.22
Operating Expenses £63,051 £10.51
Total Expenses £70,379 £11.73
Net Operating Income £113,325 £18.89

Financial Summary (Pro forma - 2022)

Gross Rental Income
Annual £213,609
Annual Per SF £35.60
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £29,905
Annual Per SF £4.98
Effective Gross Income
Annual £183,704
Annual Per SF £30.62
Taxes
Annual £7,328
Annual Per SF £1.22
Operating Expenses
Annual £63,051
Annual Per SF £10.51
Total Expenses
Annual £70,379
Annual Per SF £11.73
Net Operating Income
Annual £113,325
Annual Per SF £18.89

Property Facts

Price £1,173,675
Price Per Room £83,834
Sale Type Investment
Net Initial Yield 10.73%
Sale Conditions 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.78 AC
Building Size 6,000 SF
No. Rooms 14
Number of Floors 1
Year Built 1959
Parking Ratio 5/1,000 SF
Corridor Exterior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 14 £57.12 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
085-300-04
Land Assessment
£195,864 (2023)
Improvements Assessment
£382,825 (2023)
Total Assessment
£578,689 (2023)
Annual Taxes
£7,328 (£1.22/sf)
Tax Year
2022

zoning

Zoning Code C-G (Commercial)
C-G (Commercial)
  • Listing ID: 14739176

  • Date on Market: 31/12/2018

  • Last Updated:

  • Address: 8722 N Hwy 99, Stockton, CA 95212

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