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Border Inn & Casino 3725-3777 E US Hwy 50

29 Room Hotel Baker, NV 89311 $4,000,000 ($137,931/Room) 15.00% Cap Rate

Investment Highlights

  • Only facilities in area open year round and 24/7.
  • Several revenue centers including; motel, RV park, Gas Station, Restaurant, Market, Casino
  • Water rights in both Nevada and Utah - large water processing with private fire suppression system.
  • Great exposure on Highway 50/6 running from Salt Lake area to San Francisco/Lake Tahoe area
  • Infra structure in place to accommodate expansion of hotel and RV Park

Executive Summary

Great Cashflow Property on border of Utah and Nevada by Baker Nevada (Great Basin National Park - Lehmann Caves). This property has a true NOI of $593,000 in 2023 and projected NOI of $616,000 in 2024. That is an approximate 15% CAP rate! The property has Highway 50/6 frontage West of Delta Utah (about an hour) and East of Ely Nevada (about an hour). It sits close to the entrance to the Great Basin National Park and the Lehmann Caves complex. The area is a designated "Dark Sky" site and the National Park holds star gazing parties on Wednesday nights during the summer months.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,000,000
Price Per Room $137,931
Sale Type Investment
Cap Rate 15.00%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 56.00 AC
Building Size 25,000 SF
No. Rooms 29
No. Stories 1
Year Built/Renovated 1970/2018
Parking Ratio 8/1,000 SF
Corridor Exterior
Cross Streets Hwy 159

Amenities

  • Business Center
  • Restaurant
  • On-Site Retail
  • High Speed Internet Access
  • On-Site Bar
  • On-Site Casino
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 29 $40.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 012-240-04
  • 012-240-03
Land Assessment
$34,598 (2024)
Improvements Assessment
$291,218 (2024)
Total Assessment
$325,816 (2024)

zoning

Zoning Code C (Commercial, includes a Casino, RV park, Restaurant, Grocery Store, Motel, Gas Station, and plenty of room to expand.)
C (Commercial, includes a Casino, RV park, Restaurant, Grocery Store, Motel, Gas Station, and plenty of room to expand.)
  • Listing ID: 31917196

  • Date on Market: 5/24/2024

  • Last Updated:

  • Address: 3725-3777 E US Hwy 50, Baker, NV 89311

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