Other
Features or Comments about
the Hotel / Motel / Bed &
Breakfast for Sale:
OREGON
COAST
MOTEL AND HOME FOR SALE
$995,000
Center of Bandon, Oregon
DESCRIPTION: Established 22
room motel with Triple A
affiliation includes on-site
laundry, two family suites
with full kitchens, 11
single rooms, 9 double rooms
on 0.62 acres.
Motel is in excellent
condition and located within
walking distance of
restaurants, shops, museums
and ocean beaches and
harbor.
Property includes a
beautiful 2300 sqft owner
residence on 0.32 acre lot
with private access from
side street to two car
garage and private backyard
and private entry.
LOCATION: 460 Highway 101,
Bandon, Oregon 97411 in the
center of town.
FOR SALE PRICE: $995,000.
(Motel value $745,000; House
value $250,000)
AMENITIES: Hand painted
murals by local artist Jack
Champagne in each room.
Cable TV, refrigerator,
microwave, WiFi, queen beds.
Harbor view rooms. 2 bed, 2
bath Suite with full
kitchen, living room and
balcony.
HISTORIC ANNUAL GROSS:
$200,000 to $244,000.
Recession Yrs Gross $154,000
to 174,000.
HISTORIC MOTEL
CAPITALIZATION RATE as high
as 14%
SHOWN BY APPOINTMENT ONLY.
DO NOT DISTURB.
 
FINANCIAL ANALYSIS
Value of 2300 sqft house
$250,000 No Income
Value of 22 room motel
$745,000 Net Income shown
below
YEAR GROSS ANNUAL INCOME NET
ANNUAL INCOME CAPITALIZATION
RATE
2010 164,072 41,081 5.51%
2009 154,593 43335 5.82%
2008 174,100 48040 6.45%
2007 213,178 53676 7.20%
2006 211,025 52979 7.11%
2005 217,393 77001 10.34%
2004 228,264 99356 13.34%
2003 228,193 96983 13.02%
2002 244,140 85908 11.53%
2001 239,360 106652 14.32%
Note: Net Income does not
include $40,000 W2 income to
owner which is accounted as
an expense against gross
income in the cap rate
calculation above.
Potential Gross Income at
100% occupancy
22 rooms @$55/night for
30days/mo x 9 winter months
equals 326,700
22 rooms@$90/night for 30
days/mo x 3 summer months
equals 178,200
Total Potential Gross
504,900 |
