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    3141 Expressway Oklahoma City, OK 73112

    Sponsored
    For Sale
    $5,250,000

    79-Room Hotel, Prime Location, High Revenue

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 79-room, 10-story Country Inn & Suites by Radisson hotel in Oklahoma City offers a compelling investment opportunity. Completely renovated in September 2022, the property boasts updated guest rooms, public areas, a new breakfast area, and new fire and security systems. The hotel features a 1,600 square foot meeting room, accommodating up to 100 guests, along with a fitness center, complimentary hot breakfast, banquet facilities, and an outdoor pool. Its prime location in Northwest Oklahoma City, across from INTEGRIS Health Baptist Medical Center and near Interstate 44, ensures strong occupancy. The hotel benefits from proximity to downtown Oklahoma City, the Oklahoma City National Memorial Museum, and Bricktown. With a 1.5-acre lot and ample parking, including space for buses and trucks, this turnkey property offers significant upside potential. The trailing twelve-month room revenue (July 2024) was $1,228,537, and revenue is increasing since the completion of the Property Improvement Plan (PIP). The asking price is $5,250,000, representing approximately $66,000 per key. Built in 1967, this interior corridor hotel is situated in a thriving area with numerous job opportunities and boasts a low cost of living location. This property presents a rare chance to acquire a well-maintained, high-performing hotel in a rapidly growing market. The property's address is 3141 Northwest Expy, Oklahoma City, OK 73112. The APN is 14-701-2000.

    Property Features for 3141 Expressway

    General Information

    Property type
    Hotels
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    10

    HighLights

    • 79‑unit hotel.
    • 10‑story interior corridor hotel with outdoor pool.
    • $1,228,537 trailing twelve‑month room revenue (July 2024), increasing post‑PIP.
    • Fully renovated in September 2022.
    • $66,000 per key asking price; turnkey property.
    • Large parking lot with bus and truck parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Country Inn & Suites ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.571119188613
    Latitude
    35.529444970438

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    FAQs

    What type of property is this?
    Hotel - 79-Room Hotel, Prime Location, High Revenue
    Where is this hotel located?
    The property is located at 3141 Expressway Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: 79-unit hotel.; 10-story interior corridor hotel with outdoor pool.; $1,228,537 trailing twelve-month room revenue (July 2024), increasing post-PIP.
    Request Owner's contact information
    3141 Expressway Oklahoma City, OK 73112
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    Oklahoma City, OK 73112
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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
    3141 Expressway Oklahoma City, OK 73112
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