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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Motels
1200 Meridian Ave Oklahoma City, OK 73108-1714
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2403494
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1980
Construction
STONE
Total area
66,300 SF
Lot
2.41 ac (104,980 SF)
APN
14-988-3500
UPID
US69-2403494
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
-
Meridian Heights Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.25M
Owner & transaction history
Okc 144 LLC · 3 yrs held
Okc 144 LLC
since 2023
6 recorded transactions
Zoning & alternative use
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 Oklahoma City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oklahoma City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,965,000
Current use
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±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
$49 / 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
$51,362
Tax year 2023
Assessed value
$421,312
Assessed 2023
Previous assessed
$253,000
+66.5% YoY
Effective rate
12.19%
On assessed value
Assessed land
$69,300
Assessed improvement
$352,012
Land market value
$630,000
Improvement market value
$3,200,112
Total market value
$3,830,112
Applied tax rate
501.0000
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
1980
Construction
STONE
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
145
Rooms
145
Total area
66,300 SF
Lot
2.41 ac (104,980 SF)
APN
14-988-3500
UPID
US69-2403494
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.0M
HOTEL/MOTEL Current
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
1980
Construction
STONE
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
145
Rooms
145
Lot
2.41 ac
Current owner
From public records · entity-resolved
Okc 144 LLC
Entity
Mailing address
12804 132ND AVE NE, KIRKLAND, WA 98034-3325
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
Okc 144 LLC
R&r Okc LLC
Special Warranty Deed
—
Jun 5, 2015
$905,000
Om Hotel LLC
Sunrise Hotel LLC
Warranty Deed
—
Mar 8, 2010
$2,375,000
Ramesh M Patel
Balaji LLC
Grant Deed
$1,400,000 · High Plains Bank
May 16, 2006
$3,200,000
Balaji LLC
Nationslink Funding Cor 1999-1
Grant Deed
$2,560,000 · First American Bank
Oct 17, 2005
—
Nationslink Funding Corp
Zrm Oklahoma Ptshp
Warranty Deed
related
—
—
—
Rameshbhai M Patel
—
Deed Of Trust
related
$400,000 · High Plains Bank
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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