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    11525 E Skelly Dr Tulsa, OK 74128
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    Property profile & analytics

    11525 E Skelly Dr, Tulsa, OK 74128

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    • Motels
    • 28,818 SF
    • 2.16 lot acres
    For Sale
    $695,000
    View Listing →
    Tulsa Retail Property For Sale For Sale
    $695,000
    6,102 SF

    Tulsa Retail Property For Sale

    Retail property with high visibility and accessibility in Tulsa, OK.

    11525 E Skelly Drive, Tulsa, OK
    View Listing
    Property ID
    US69-0600374
    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.
    Value Estimations
    Cap Rate Potential
    6.2%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Economy Inn and Suites / Hotel & Motel
    • Super 8 Tulsa/East/Arpt / Hotel & Motel
    • Ladys hair shop / Hair Salon
    • The Palacio Party Hall / Hotel & Motel / Resort
    • Economy Inn & Suites - Tulsa / Hotel & Motel

    Property Details for 11525 E Skelly Dr

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    2.16 lot acres
    Zone code
    CS
    Property type
    Motels
    APN
    10300-94-05-00016
    APU
    10300940500016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 23, 2023 $1,175,000 Route 66 Hospitality LLC The Real Estate Lawyers LLC Warranty Deed $940k · First New Mexico Bank
    Nov 17, 2020 $1,100,000 Cancun LLC Sai Dev Hospitality LLC Warranty Deed —
    Nov 17, 2020 — Therealestatelawyersaec LLC — Deed · related $770k · Sai Dev Hospitality LLC
    Jan 11, 2018 — Sai Dev Hospitality LLC — Deed · related $1.1M · Bank Of Commerce
    Sep 20, 2017 — Sai Dev Hospitality LLC — Loan Modification · related $1M · Mark Resort INC
    Mar 23, 2016 $1,375,000 Sai Dev Hospitality LLC Mark Resort INC Warranty Deed $1.2M · Mark Resort INC
    Jan 9, 2007 — Mark Resort INC Mark Resort INC Quit Claim Deed · related —
    — — Sai Dev Hospitality LLC — Deed Of Trust · related $1.1M · Bank Of Commerce
    — — Therealestatelawyersaec LLC — Deed Of Trust · related $770k · Sai Dev Hospitality LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,170,000
      ML approach
      $1,205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,110,000
      7%
      $1,035,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.847
    Latitude
    36.1496
    CBSA code
    46140
    CBSA name
    TULSA, 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
    $17,721
    $20,658
    $111,342
    $132,000
    -
    $187,800
    $1,012,200
    $1,200,000

    Comparable in this City

    • Value Estimation
      $505,000
      13,452 SF

      1036 Garnett Rd

      MOTEL
      1036 Garnett Rd, Tulsa, OK 74128-1820
      View Details
    • Value Estimation
      $1,375,000
      8,284 SF

      1011 Garnett Rd

      MOTEL
      1011 Garnett Rd, Tulsa, OK 74128-1819
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    • Value Estimation
      $2,045,000
      34,790 SF

      10117 11th St

      MOTEL
      10117 11th St, Tulsa, OK 74128-3005
      View Details
    • Value Estimation
      $2,215,000
      85,915 SF

      11620 Skelly Dr

      MOTEL
      11620 Skelly Dr, Tulsa, OK 74128-2402
      View Details
    • Value Estimation by Request
      10,860 SF

      1021 Garnett Rd

      MOTEL
      1021 Garnett Rd, Tulsa, OK 74128-1819
      View Details
    • Value Estimation by Request
      0.19 Acres

      10904 2nd St

      VACANT COMMERCIAL LAND
      10904 2nd St, Tulsa, OK 74128-1642
      View Details

    Similar Nearby for Sale

    • $90,000
      Pending

      Tulsa Duplex Near Highways

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      Commercial Land Ready to Build

      0.98 acre commercial site near 21st & Garnett.
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      Commercial Land For Sale

      1.98 acres of CS Zoned land available.
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      6,102 SF

      Tulsa Retail Property For Sale

      Retail property with high visibility and accessibility in Tulsa, OK.
      11525 E Skelly Dr, Tulsa, OK 74128
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      2.68 acres of divisible commercial land for sale.
      1036 S Garnett Rd, Tulsa, OK 74128
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      6,000 SF

      6,000 SF Warehouse For Sale

      6,000 SF warehouse with fenced yard space available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      4,577 SF

      Office Space Available For Rent

      Office space available for lease in Tulsa, Oklahoma.
      10159 E 11Th St, Tulsa, OK 74128
      View Details
    • $7 SF/Yr
      36,801 SF

      Versatile Warehouse with Office/Showroom Space

      Warehouse with office, showroom, shop, and fenced yard for lease.
      12210 East 1St St, Tulsa, OK 74128
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Freestanding PEMB

      20,000 SF industrial space for lease in Tulsa, OK.
      12337 E 1St St, Tulsa, OK 74128
      View Details
    • Contact for pricing

      Commercial Building on East 21st

      4,800 SF commercial building suitable for office or medical use.
      12505 E 21St St, Tulsa, OK 74128
      View Details
    • Contact for pricing
      8,124 SF

      Wagon Wheel Trade Center

      Flex space with climate-controlled warehouse and multiple overhead doors.
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      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Tulsa, Oklahoma.
      12210 E 1St St, Tulsa, OK 74128
      View Details
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    Tulsa, OK 74128
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    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
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