Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Tonhawa St Norman, OK 73069

    Sponsored
    For Sale
    $3,322,598

    Established 10-room hotel, owner's home included.

    Property size:
    15,833 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional opportunity presents a rare chance to acquire an established, 10-guest-room hotel in the heart of Norman, Oklahoma. The property, situated on a tree-lined street in downtown Norman, boasts a nostalgic design seamlessly blended with modern amenities, catering to leisure, business, and university travelers seeking a unique experience. The main inn features indoor and outdoor gathering spaces, ample guest parking, and is complemented by a separate, modern owner's home located on a nearby lot. The hotel's prime location offers easy access to the University of Oklahoma campus, the vibrant downtown area, including numerous restaurants, shops, and entertainment venues, as well as Andrew's Park and the Central Library. The property encompasses just over half an acre and includes nine additional buildings also available for purchase. The main inn and owner's home are priced at $1,975,000, while the nine additional properties are offered at $1,347,000. The total package, including all ten properties, is priced at $3,322,598. This family-owned and operated business, established nearly 30 years ago, presents significant potential for growth and expansion within Norman's thriving and rapidly growing university town setting, just minutes from Oklahoma City. Detailed financial information is available upon request with a signed Non-Disclosure Agreement. The property's 15,833 square feet offers a unique blend of hospitality and investment potential.

    Property Features for 0 Tonhawa St

    General Information

    Property type
    Hotels
    Square Feet
    15,833 SF

    Building Details

    Buildings
    9

    HighLights

    • Rare investment opportunity in Norman, OK with significant growth potential.
    • Multiple properties available, individually or as a portfolio.
    • Financial details available upon request and NDA execution.
    • Co‑listed by Dianne Klein, Metro Brokers‑Siano & Co., 405‑203‑2511, [email protected]
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.44930255
    Latitude
    35.22081154

    Nearby Similar for Sale

    • $1,950,000
      3,528 SF

      Equestrian Estate with Development Potential

      84-acre equestrian estate suitable for various events and luxury living.
      1523 72Nd Ave NE, Norman, OK 73026
      View Details
    • New
      $359,000
      Pending

      Turnkey Norman Triplex Near OU

      High-performing triplex near OU and Downtown Norman with solid income.
      306 E Hughbert St, Norman, OK 73069
      View Details
    • $3,500,000
      8,000 SF

      Sports Training Academy on 23 Acres

      23-acre sports training academy with 8,000 SF facility for sale.
      3535 SE 44Th St, Norman, OK 73072
      View Details
    • $1,390,000
      1,170 SF

      Norman Duplex Near Stadium

      Two-bedroom duplex near stadium with potential for renovation or rebuild.
      204 206, Norman, OK 73069
      View Details
    • $789,000
      7,400 SF

      Norman Warehouse with Office Space

      7,400 SF warehouse with office near I-35.
      1831 Industrial Blvd, Norman, OK 73069
      View Details
    • $899,000
      5,904 SF

      Norman Retail/Office Building For Sale

      Two-story commercial building in Norman's vibrant Arts District.
      218 E Main St, Norman, OK 73069
      View Details
    • $1,675,000
      1 SF

      University Proximity Multifamily Investment

      Two properties totaling 12 units near the University of Oklahoma.
      537 E Elm Ave, Norman, OK 73069
      View Details
    • $450,000
      4,470 SF

      Norman Commercial Property For Sale

      Three-building commercial property totaling 4,470 SF in Norman, OK.
      3145 SE 44Th St, Norman, OK 73072
      View Details
    • $5,895,000
      83,073 SF

      Value-Add Retail Opportunity

      Retail property with significant value-add potential in Norman, Oklahoma.
      2211 West Main St, Norman, OK 73069
      View Details
    • $275,000
      835 SF

      Updated Condo Near OU Campus

      Move-in ready condo with high-end upgrades near OU campus.
      401 E Boyd St, Norman, OK 73069
      View Details
    • $134,900

      Norman Condominium Near Golf Club

      Condominium with community amenities near Jimmy Austin OU Golf Club.
      803 Cardinal Creek Blvd, Norman, OK 73072
      View Details
    • $2,800,000
      23,800 SF

      Norman OK Retail Investment Opportunity

      23,800 SF free-standing retail building in Norman, Oklahoma.
      861 Sonoma Park Dr, Norman, OK 73071
      View Details

    FAQs

    What type of property is this?
    Hotel - Established 10-room hotel, owner's home included.
    Where is this hotel located?
    The property is located at Tonhawa St Norman, OK.
    What is the asking price?
    The asking price for this property is $3,322,598.
    What are key features of this property?
    This property features: Rare investment opportunity in Norman, OK with significant growth potential.; Multiple properties available, individually or as a portfolio.; Financial details available upon request and NDA execution.
    Request Owner's contact information
    Tonhawa St Norman, OK 73069
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tonhawa St
    Norman, OK 73069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Tonhawa St Norman, OK 73069
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.