1915 Spruce StRawlins, WY 82301

Property Details for 1915 Spruce St

Year built

1954

Lot size

0.68 AC

Property size (Sq ft)

3,770 SF

Property type

Motels

APN

21871840700500

APU

21871840700500

Description

This established 31-key hotel, Motel 7 Rawlins, presents a compelling investment opportunity in Carbon County, Wyoming. Located at 1915 W Spruce St, Rawlins, WY 82301, this two-story property boasts a strong, loyal commercial business base, ensuring consistent occupancy. Built in 1954, the hotel offers a manager's apartment, providing on-site management convenience. The asking price is $625,000. This turnkey operation is situated in a prime location within Rawlins, offering easy access to local businesses and amenities. The property's 31 rooms provide ample capacity for guests, and its established clientele ensures a steady income stream. The hotel's history and location make it an attractive prospect for investors seeking a stable and profitable hospitality venture in a growing Wyoming market. This is a rare opportunity to acquire a well-established hotel with a proven track record in a desirable location. The inclusion of a manager's apartment adds to the property's overall value and operational efficiency. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $950,227

  6.5%

  $877,133

  7%

  $814,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,238,637

  Geo Method

  $731,972

• Alternative Use

  Use

  Valuation

  Residential

  $957,574

  Hospitality

  $877,133

  Educational

  $729,764

  Medical

  $754,862

  Retail

  $1,135,188

Location Insight

City

Rawlins

County

Carbon

State

Wyoming

Latitude

41.7869

Longitude

-107.259

Property Tax & Assessments

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