810 Campbell St - Hospitality FOR SALE


Baker City, OR 97814
$2,899,000 USD
310-561-8254
810 Campbell St, Baker City, OR for Sale
$2,899,000 USD
Hospitality - FOR SALE
1/3
null | 10.6% Cap Rate

810 Campbell St
Baker City, OR 97814


HIGHLIGHTS

  • Strong Cash Flow Performance: 2024 cap rate of 10.60% with a projected 11.74% in 2025; YTD revenue trending 31% ahead of 2024
  • Prime Interstate Location: Direct access to Interstate 84 with 10,500+ daily passing vehicles, driving transient and overnight demand
  • Value-Add Opportunity: Current STR CompSet index at 46.00%; potential upside via rate optimization and operational efficiencies
  • Well-Maintained Asset: 53-room, two-story exterior corridor property on ±1.45 acres

OVERVIEW

Exclusively offered by Dominic Henderson and Mitchell Glasson, Matthews Real Estate Investment Services™, the Rodeway Inn Baker City presents a compelling economy-segment hospitality investment with strong in-place cash flow, measurable upside potential, and a strategic location along Interstate 84. The 53-key property is currently achieving a 10.60% cap rate based on 2024 performance, with revenue momentum projecting an 11.74% cap rate in 2025. Year-to-date revenue is already 31% ahead of the prior year, supported by stable local demand drivers and seasonal tourism. Baker City benefits from a diversified visitor base, including outdoor recreation enthusiasts, heritage tourists, and regional contractors. The market remains underserved in the hospitality sector, with the asset indexing at just 46.00% of its STR CompSet, providing significant opportunity for growth through targeted rate strategies and improved management practices. Physically, the property is in strong operational condition with minimal PIP exposure, situated on a ±1.45-acre parcel and offering ±3,500 SF of meeting/restaurant space for additional revenue potential. Tim Campbell License No. 7901000087 (OR) (866) 889-0550 Matthews Real Estate Investment Services, Inc 701 High Street, #300, Eugene, OR 97401

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$63 USD /SF

# OF ROOMS

53

PRICE/ROOM

$54,698 {currency}

CAP RATE

10.6%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Baker City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

CG

APN/PARCEL ID

000373

ASK ABOUT THIS PROPERTY

Dominic HendersonMatthews Real Estate Investment ServicesMore Info
310-561-8254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dominic HendersonMatthews Real Estate Investment ServicesMore Info
310-561-8254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.