Steven's Motel | 8722 N Hwy 99
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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.
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 | Lot Size | 0.78 AC |
Price Per Room | £83,834 | Building Size | 6,000 SF |
Sale Type | Investment | No. Rooms | 14 |
Net Initial Yield | 10.73% | Number of Floors | 1 |
Sale Conditions | 1031 Exchange | Year Built | 1959 |
Property Type | Hospitality | Parking Ratio | 5/1,000 SF |
Property Subtype | Hotel | Corridor | Exterior |
Building Class | C |
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 | - |
1 of 1
PROPERTY TAXES
Parcel Number | 085-300-04 | Total Assessment | £578,689 (2023) |
Land Assessment | £195,864 (2023) | Annual Taxes | £7,328 (£1.22/sf) |
Improvements Assessment | £382,825 (2023) | Tax Year | 2022 |
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) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Steven's Motel | 8722 N Hwy 99
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.