1/175067 MADSEN Road, Radium Hot Springs
5067 MADSEN Road, Radium Hot Springs, BC V0A1M0
$1.1M total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
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Occupancy
95%
Year Built
1979
Lot Size
0.62 ac
About this property
Rocky Mountain Springs is a 12 unit motel with a licensed restaurant and patio, perched on a hilltop above Radium Hot Springs, British Columbia, holding one of the finest dining views in the village. The two storey building, built in 1979, combines 12 motel guest rooms with a full service restaurant licensed for liquor, seating 30 indoors and 30 more on the panoramic patio. Renovated bathrooms, flooring and tub surrounds in 2015. The property sits on 0.62 acres, 26,900 square feet, zoned C-1 Highway Commercial, and municipal water and sewer serve the site. The property sits minutes from the Radium Hot Springs Mineral Pools and the Kootenay National Park entrance, drawing overnight guests, day trip diners and locals alike. This property is offered together with the neighbouring Radium Chalet (5063 Madsen Rd) as a combined hospitality portfolio at $3,000,000 total. Absolutely no direct contact with the property, staff, or ownership. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$86K
Annual cash flow
$22K
Cash-on-cash
6.51%
DSCR
1.35
Going-in cap
7.49%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
92,340
Households
39,159
Median income
$82,500
Median age
40.5
Daytime population
120,501
5-yr growth
0.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5067 MADSEN Road, Radium Hot Springs.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.