325 Nye AvePendleton, OR 97801

Property Details for 325 Nye Ave

Year built

1980

Lot size

1.70 AC

Property size (Sq ft)

25,230 SF

Zone code

C-2

Property type

Hotels

Property subtype

Motels

APN

2N3211C000200

APU

2N3211C000200

Description

This exceptional investment opportunity presents a 92-key Motel 6 located at 325 SE Nye Ave, Pendleton, Oregon. Built in 1980, this two-story, Class-B property sits on two acres and offers a compelling return with a Net Operating Income (NOI) of $363,404 and a 7.12% capitalization rate. The asking price is $5,100,000. The motel features 92 rooms, each equipped with one or two queen beds, and amenities include public Wi-Fi and an outdoor pool. Pet-friendly and accommodating to service animals, the property benefits from its strategic location near downtown Pendleton, the Umatilla River, and the Pendleton Round-Up Stadium. Its proximity to attractions like the Wildhorse Resort & Casino and the Tamástslikt Cultural Institute, along with the Pendleton Woolen Mills, ensures a consistent stream of travelers. This established hospitality business presents a strong investment opportunity in a vibrant Oregon community. The property's APN is 2N3211C000200. This is a rare chance to acquire a well-positioned motel with significant income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,839,362

  6.5%

  $5,390,180

  7%

  $5,005,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,641,328

  Geo Method

  $12,641,328

• Alternative Use

  Use

  Valuation

  Residential

  $5,884,512

  Hospitality

  $5,390,180

  Educational

  $4,484,567

  Medical

  $4,638,798

  Retail

  $6,975,994

Location Insight

City

Pendleton

County

Umatilla

State

Oregon

Latitude

45.6627

Longitude

-118.775

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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