1/6Mayerthorpe
Mayerthorpe, AB T0E1N0
$690,000 total
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Asset Class
Hospitality
Size
—
Building class
A
Zoning
CB2 — Central Business
$ / SF
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Occupancy
86%
Lot Size
0.42000000000000004 ac
About this property
Profitable hotel property located at the busy junction of Highway 43 and Highway 22, featuring 11 guest rooms, a 225-seat tavern with 7 VLTs, a leased café and restaurant generating $2,750/month, a 2-bedroom manager’s suite, and multiple income streams in a thriving town of 1,400 with a large surrounding trading area. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$37K
Annual cash flow
$-2K
Cash-on-cash
-0.76%
DSCR
0.96
Going-in cap
5.31%
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
123,598
Households
43,282
Median income
$110,000
Median age
33.8
Daytime population
120,933
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for Mayerthorpe.
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.