701 Holiday DrTahlequah, OK 74464

Property Details for 701 Holiday Dr

Year built

1997

Lot size

2.13 AC

Property size (Sq ft)

15,811 SF

Property type

Hotels

APN

3999-33-17N-22E-0-053-00

APU

39993317N22E005300

Description

This exceptional 62-key Days Inn & Suites hotel in Tahlequah, Oklahoma presents a compelling investment opportunity. Situated on a 2.13-acre lot at 701 S Holiday Dr, 74464, this property boasts a prime location near Northeastern State University (NSU) and the Cherokee Nation headquarters. The hotel underwent a complete renovation from November 2022 to May 2023, resulting in brand-new furniture, paint, drapes, televisions, and air conditioning units throughout. All 62 rooms are now available, offering guests a completely refreshed experience. While the hotel's swimming pool remains closed, guests are provided with complimentary access to NSU's pool facilities via a provided coupon. The property's strong performance is further supported by its impressive pro-forma NOI of $360,000 and a pro-forma cap rate of 8.00%. Tahlequah's vibrant tourism scene, fueled by Cherokee Nation events and proximity to the Illinois River and Ten Killer Lake, ensures consistent occupancy, particularly during peak summer months. Built in 1997, this single-building hotel is ideally suited for an owner-operator seeking a high-return investment in a thriving Oklahoma community. The property's APN is 3999-33-17N-22E-0-053-00. This is a turnkey operation ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,565,490

  6.5%

  $1,445,067

  7%

  $1,341,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,657,758

  Geo Method

  $2,657,758

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,594

  Hospitality

  $1,445,067

  Educational

  $1,202,279

  Medical

  $1,243,627

  Retail

  $1,870,212

Location Insight

City

Tahlequah

County

Cherokee

State

Oklahoma

Latitude

35.9018

Longitude

-94.9593

CBSA code

45140

CBSA name

TAHLEQUAH, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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