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Property profile & analytics
FOR SALE
Motels
1301 S Broadway Edmond, OK 73034
Trust Owned
8-yr Hold
Free & Clear
Property ID
US69-0252108
For Sale
1 / 40
$750,000
1301 S Broadway, Edmond, OK 73034
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Construction
BRICK
Total area
14,326 SF
Lot
0.54 ac (23,479 SF)
APN
18-266-2701
UPID
US69-0252108
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
-
Commercial Lending Edmond OK Loan Service Bank
-
Copeland Hild & Trotter, PC Accounting Firm Tax Preparation
-
Benjamin F Hackett & Associates: Helvey Sandra Law Firm
-
Pinson Brothers Drilling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$660k
Owner & transaction history
Copeland,a Ray Trust · 8 yrs held
Copeland,a Ray Trust
since 2017
4 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 Edmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmond 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
$1,090,000
Current use
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$46 / 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
$6,178
Tax year 2023
Assessed value
$59,268
Assessed 2023
Previous assessed
$56,445
+5.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$3,359
Assessed improvement
$55,909
Land market value
$35,201
Improvement market value
$585,939
Total market value
$621,140
Applied tax rate
512.0000
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
For Sale
Year built
1974
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
24
Rooms
24
Total area
14,326 SF
Lot
0.54 ac (23,479 SF)
APN
18-266-2701
UPID
US69-0252108
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
$1.1M
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
1974
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
24
Rooms
24
Lot
0.54 ac
Current owner
From public records · entity-resolved
Copeland,a Ray Trust
Trust
Free & Clear · 8 yrs held
Mailing address
1305 S BROADWAY, EDMOND, OK 73034-3952
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2017
—
Copeland,a Ray Trust
Copeland,kathy L
Quitclaim Deed
related
—
May 25, 2004
$850,000
Shantish LLC
Elder,robert L & Angel
Grant Deed
$638,000 · Gold Bank NA
—
—
Copeland A R 1990 Trust
—
Deed Of Trust
related
$50,000 · Edmond Bank & Trust
—
—
Copeland A R 1990 Trust
—
Deed Of Trust
related
$50,000 · Edmond Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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