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Property profile & analytics
OFF-MARKET
Estimated value
$9,280,000
Hotels
100 2nd St Tulsa, OK 74103-3207
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US69-2399646
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
STEEL FRAME
Total area
309,504 SF
Lot
1.64 ac (71,351 SF)
Zoning code
CBD
APN
00500-92-01-35450
UPID
US69-2399646
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Avery Kitchen & Bar Restaurant
-
oklahoma tattoo convention Tattoo & Piercing Shop
-
Hyatt Regency Tulsa Downtown Hotel & Motel
-
Valerie Guerette Art supply store (Bike/Boat/Book/etc) Store
-
Topeca Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.28M
Owner & transaction history
Ascension Hotel Of Tulsa LLC · 20 yrs held
Ascension Hotel Of Tulsa LLC
since 2006
5 recorded transactions
Zoning & alternative use
CBD · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tulsa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulsa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,935,000
6.5%
$11,940,000
7%
$11,090,000
Blend value · Realmo final
$9.28M
Range $8.35M – $10.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$183,117
Tax year 2023
Assessed value
$1,364,000
Assessed 2023
Previous assessed
$1,299,953
+4.9% YoY
Effective rate
13.43%
On assessed value
Assessed land
$235,466
Assessed improvement
$1,128,534
Land market value
$2,140,600
Improvement market value
$10,259,400
Total market value
$12,400,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
ZONE
Cooling
YES
Stories
13
Units
455
Total area
309,504 SF
Lot
1.64 ac (71,351 SF)
Zoning code
CBD
APN
00500-92-01-35450
UPID
US69-2399646
Jurisdiction
TULSA
Zoning & alternative use
CBD · Tulsa, OK
Zoning CBD · permitted uses
CBD · Tulsa, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulsa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
STEEL FRAME
Heating
ZONE
Cooling
Yes
Stories
13
Units
455
Lot
1.64 ac
Current owner
From public records · entity-resolved
Ascension Hotel Of Tulsa LLC
Entity
Mailing address
1833 S MORGAN RD, OKLAHOMA CITY, OK 73128-7004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2013
—
Tulsa Hotel Partners LLC
—
Grant Deed
related
$240,000,000 · Bank Of Ok
Apr 10, 2006
$5,250,000
Ascension Hotel Of Tulsa LLC
Tqp Tulsa LLC
Warranty Deed
—
—
—
Ascension Hotel Of Tulsa LLC
—
Deed Of Trust
related
$19,000,000 · Column Financial INC
—
—
Tulsa Hotel Partners LLC
—
Loan Modification
related
$250,000,000 · Bank Of Ok
—
—
Ascension Hotel Of Tulsa LLC
—
Deed Of Trust
related
$20,300,000 · Sorin Master Fund Ltd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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