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    7852 Parkway Blvd Tulsa, OK 74127

    Sponsored
    For Sale
    $5,950,000

    70-key hotel, renovated, high upside.

    Property size:
    43,107 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 70-key Hampton Inn located at 7852 West Parkway Blvd N, Tulsa, OK 74127, within Tulsa County. The property, built in 2001 and extensively renovated in 2023 for $1.7 million, boasts 43,107 square feet on a 2.36-acre lot. The renovation encompassed a majority of the Forever Young PIP, addressing a prior plumbing issue that impacted 42 rooms for approximately six months. Insurance covered the repairs, and the hotel is now fully operational and poised for strong performance. Currently operating at 53.26% occupancy, the hotel shows significant upside potential for a new owner to capitalize on. Projected revenues for 2024/2025 are estimated between $1,600,000 and $1,700,000, reflecting a compelling return on investment. The asking price is $5,950,000, translating to $138.03 per square foot. This single-building hotel presents a rare chance to acquire a well-located, recently renovated asset in a thriving market. The property's strong foundation, coupled with its projected revenue growth, makes it an attractive addition to any portfolio. Serious inquiries are encouraged.

    Property Features for 7852 Parkway Blvd

    General Information

    Property type
    Hotels
    Square Feet
    43,107 SF
    Lot Size
    102,802 SF

    Building Details

    Year Built/Renovated
    2001/2023
    Buildings
    1

    HighLights

    • CALL FOR OFFERS
    • $1.7M Renovation Completed 2023
    • Projected Annual Revenue: $1.6M - $1.7M
    • Significant Upside Potential
    Property Profile Location Intelligence

    Current Use by Public Records

    Hampton Inn Tulsa-Sand ... Hotel

    Suggested Use

    Restaurant Realty agency Clothing Store Gym & Fitness Pharmacy Daycare Center Bar & Pub Department Store Wholesale Shop Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -96.0802465
    Latitude
    36.1453407

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    FAQs

    What type of property is this?
    Hotel - 70-key hotel, renovated, high upside.
    Where is this hotel located?
    The property is located at 7852 Parkway Blvd Tulsa, OK.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: CALL FOR OFFERS; $1.7M Renovation Completed 2023; Projected Annual Revenue: $1.6M - $1.7M
    Request Owner's contact information
    7852 Parkway Blvd Tulsa, OK 74127
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    Tulsa, OK 74127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7852 Parkway Blvd Tulsa, OK 74127
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