Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1117 13th St Oklahoma City, OK 73117-1038

    • Hotels
    • 9,906 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Apr 24, 2024
    $875,000
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    8.2%
    Hotels
    Location Intelligence
    Property ID
    US69-0690763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical Inn Oklahoma City / Motel / Hotel

    Property Details for 1117 13th St

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.47 lot acres
    Property size
    9,906 SF
    Property type
    Hotels
    APN
    03-355-5216
    APU
    33555216

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $875,000
      ML approach
      $875,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,110,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $490k - $935k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $740,000
      Current use
      COMMERCIAL (GENERAL)
      $1,400,000
      Change: +89% Conversion: Difficult
      OFFICE BUILDING
      $1,270,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $1,225,000
      Change: +65% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,125,000
      Change: +51% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4922
    Latitude
    35.4834
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,901
    $1,963
    $70,506
    $72,469
    -
    $30,100
    $1,081,315
    $1,111,415

    Comparable in this City

    • Value Estimation
      $3,340,000
      53,001 SF

      1809 Reno Ave

      HOTEL • 53,001 SF
      1809 Reno Ave, Oklahoma City, OK 73117-3407
      View Details
    • Value Estimation
      $3,975,000
      46,194 SF

      1800 Reno Ave

      MOTEL • 46,194 SF
      1800 Reno Ave, Oklahoma City, OK 73117-3408
      View Details
    • Value Estimation
      $5,380,000
      118,338 SF

      2001 Reno Ave

      MOTEL • 118,338 SF
      2001 Reno Ave, Oklahoma City, OK 73117-4601
      View Details
    • Value Estimation
      $1,890,000
      38,582 SF

      1750 Reno Ave

      MOTEL • 38,582 SF
      1750 Reno Ave, Oklahoma City, OK 73117-3400
      View Details
    • Value Estimation by Request
      8.15 Acres

      1200 Irving St

      VACANT COMMERCIAL LAND • 8.15 Acres
      1200 Irving St, Oklahoma City, OK 73117-4200
      View Details
    • Value Estimation by Request
      1.60 Acres

      915 Martin Luther King Ave

      COMMERCIAL (GENERAL) • 1.60 Acres
      915 Martin Luther King Ave, Oklahoma City, OK 73117-4415
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      0.15 Acres

      Buildable Lots in Oklahoma City

      Three flat, buildable residential lots for sale in Oklahoma City.
      3009 E Park Pl, Oklahoma City, OK 73117
      View Details
    • $1,131,080
      59.00 Acres

      Del City Industrial Land - 59 Acres

      Prime Del City industrial land, I-2 zoning. Excellent access to major highways.
      701 N. Sunnylane Road, Del City, OK 73117
      View Details
    • Contact for pricing
      Pending

      Residential Land Near Downtown

      Centrally located residential land suitable for building a dream home.
      1205 N Page Ave, Oklahoma City, OK 73117
      View Details
    • $3,500,000
      23 SF

      23.53 Acres Heavy Industrial Land

      23.53 acres of heavy industrial land for sale.
      4000 NE 4Th St, Oklahoma City, OK 73117
      View Details
    • Contact for pricing
      59 SF

      59 Acres Industrial Land Available

      Industrial land for sale, convenient highway and rail access.
      701 North Sunnylane Rd, Oklahoma City, OK 73117
      View Details
    • Contact for pricing
      59.00 Acres

      Oklahoma City Industrial Land

      59 Acres, I-2 Zoning, Prime Location
      701 Sunnylane Rd, Oklahoma City, OK 73117
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,400 SF

      Adaptable Commercial Space For Rent

      Adaptable commercial space in thriving OKC, near State Fairgrounds.
      2712 NW 10Th St, Oklahoma City, OK 73117
      View Details
    • $7,800 /Mo

      22 Acres Prime Commercial Land

      High-visibility 22-acre commercial land for lease in Oklahoma City.
      2700 NE 10Th St, Oklahoma City, OK 73117
      View Details
    • $2,600 /Mo
      3,600 SF

      Renovated Warehouse South of Downtown

      Newly renovated warehouse with climate-controlled office and easy highway access.
      4102-4112 S High Ave, Oklahoma City, OK 73117
      View Details
    • $0.53 SF/Yr
      79,279 SF

      Oklahoma City Industrial Land Lease

      1.82-acre fenced lot, I-44 access
      308 Rhode Island Ave, Oklahoma City, OK 73117
      View Details
    • $6 SF/Yr
      17,384 SF

      Reno Avenue Specialty Property

      Specialty property for rent, located near downtown Oklahoma City.
      Oklahoma City, OK 73117
      View Details
    Request Owner's contact information
    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.
    1117 13th St
    Oklahoma City, OK 73117-1038
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.