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Steven's Motel 8722 N Hwy 99

14 Room Hotel Stockton, CA 95212 $2,126,205 CAD ($151,872 CAD/Room) 10.73% Cap Rate

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 (CAD) Annual Per SF (CAD)
Gross Rental Income $386,969 $64.49
Other Income - -
Vacancy Loss $54,176 $9.03
Effective Gross Income $332,794 $55.47
Taxes $13,275 $2.21
Operating Expenses $114,223 $19.04
Total Expenses $127,497 $21.25
Net Operating Income $205,296 $34.22

Financial Summary (Pro forma - 2022)

Gross Rental Income (CAD)
Annual $386,969
Annual Per SF $64.49
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $54,176
Annual Per SF $9.03
Effective Gross Income (CAD)
Annual $332,794
Annual Per SF $55.47
Taxes (CAD)
Annual $13,275
Annual Per SF $2.21
Operating Expenses (CAD)
Annual $114,223
Annual Per SF $19.04
Total Expenses (CAD)
Annual $127,497
Annual Per SF $21.25
Net Operating Income (CAD)
Annual $205,296
Annual Per SF $34.22

Property Facts

Price $2,126,205 CAD
Price Per Room $151,872 CAD
Sale Type Investment
Cap Rate 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
No. Stories 1
Year Built 1959
Parking Ratio 5/1,000 SF
Corridor Exterior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 14 $103.48 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
085-300-04
Land Assessment
$351,035 CAD (2023)
Improvements Assessment
$686,116 CAD (2023)
Total Assessment
$1,037,151 CAD (2023)
Annual Taxes
$13,275 CAD ($2.21 CAD/SF)
Tax Year
2022

zoning

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

  • Date on Market: 2018-12-31

  • Last Updated:

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

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