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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Motels
1011 Garnett Rd, Tulsa, OK 74128-1819
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-2187417
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1982
Construction
WOOD FRAME
Total area
8,284 SF
Lot
1.53 ac (66,821 SF)
Zoning code
CN
APN
50138-94-05-36010
UPID
US69-2187417
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
-
Southern Comfort Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.38M
Owner & transaction history
Psm Hotels LLC · 2 yrs held
Psm Hotels LLC
since 2024
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
CN · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+157.7%
Medical building
$1.4M
+85.9%
Auto repair, garage
$1.1M
+48.4%
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
$1,375,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,970,000
Change: +158% · Conversion: Difficult
MEDICAL BUILDING
$1,420,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,135,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,125,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.38M (Mar 13 2024)
Last sale anchor
$1.38M
Mar 13 2024
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
$166 / 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
$20,877
Tax year 2023
Assessed value
$155,507
Assessed 2023
Previous assessed
$155,507
+0.0% YoY
Effective rate
13.43%
On assessed value
Assessed land
$14,696
Assessed improvement
$140,811
Land market value
$133,600
Improvement market value
$1,280,100
Total market value
$1,413,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
3
Stories
2
Units
4
Rooms
32
Total area
8,284 SF
Lot
1.53 ac (66,821 SF)
Zoning code
CN
APN
50138-94-05-36010
UPID
US69-2187417
Jurisdiction
TULSA
Zoning & alternative use
CN · Tulsa, OK
Zoning CN · permitted uses
CN · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$900,000
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
3
Units
4
Rooms
32
Lot
1.53 ac
Current owner
From public records · entity-resolved
Psm Hotels LLC
Entity
Mailing address
1011 S GARNETT RD, TULSA, OK 74128-1819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Mar 13, 2024
$1,375,000
Psm Hotels LLC
Ideal Image Hospitality LLC
Warranty Deed
$1,444,852 · Ideal Image Hospitality LLC
Jul 17, 2019
$1,475,000
Ideal Image Hospitality LLC
Dutt Corpoation
Warranty Deed
$1,444,852 · Quail Creek Bank NA
Oct 11, 2012
—
Jain,jay
Jain,jay
Quit Claim Deed
related
—
Apr 19, 2012
$1,100,000
Jai Ram Hotel LLC
Motel 6 Operating LP
Grant Deed
$1,592,800 · Firstbank/lakeview Mtg
—
—
Dutt Corp
—
Loan Modification
related
$1,460,033 · Quail Creek Bk
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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