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    5200 Classen Cir Oklahoma City, OK 73118

    For Sale
    $3,000,000

    55-Room Hotel, Garner/Spark Conversion

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 55-key, four-story interior corridor hotel in Northwest Oklahoma City, Oklahoma. Currently operating as a Sleep Inn & Suites, this property, built in 2006, sits on a 0.96-acre lot (APN: 05-885-7350) and offers significant upside potential through conversion to either Garner by IHG or Spark by Hilton. The hotel boasts an indoor pool and is strategically located near major attractions, including the Oklahoma City Zoo and National Memorial Museum, as well as business hubs and healthcare facilities. With an occupancy rate currently below market average (35% compared to a 49% comp set), this property presents a compelling opportunity for an owner seeking high returns. Oklahoma City's robust growth (12.5% over the past 10 years) and its ranking as a top city for low cost of living further enhance the investment appeal. The asking price is $3,000,000. This property is ideally suited for conversion to a midscale or premium economy brand, offering a strong value proposition for investors. Detailed conversion requirements are available upon request. The property's address is 5200 Classen Cir, Oklahoma City, OK 73118. Offers are encouraged.

    Property Features for 5200 Classen Cir

    General Information

    Property type
    Hotels
    Lot Size
    41,818 SF

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • 55‑unit hotel.
    • Four‑story interior corridor hotel with indoor pool.
    • Excellent conversion opportunity to midscale/premium economy brands like Garner by IHG or Spark by Hilton.
    • Currently underperforming with 33.3% occupancy, compared to a 49% comp set average.
    • I‑44 location in Oklahoma City.
    • Ideal for Garner by IHG, with broker price improvement plan (PIP) available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sleep Inn & Suites ... Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.532140476971
    Latitude
    35.523447806932

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    FAQs

    What type of property is this?
    Hotel - 55-Room Hotel, Garner/Spark Conversion
    Where is this hotel located?
    The property is located at 5200 Classen Cir Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 55-unit hotel.; Four-story interior corridor hotel with indoor pool.; Excellent conversion opportunity to midscale/premium economy brands like Garner by IHG or Spark by Hilton.
    Request Owner's contact information
    5200 Classen Cir Oklahoma City, OK 73118
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    Oklahoma City, OK 73118
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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
    5200 Classen Cir Oklahoma City, OK 73118
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