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

    13520 Plz Ter Oklahoma City, OK 73120-2146

    • Hotels
    • 29,892 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Nov 13, 2023
    $2,600,500
    Value Estimations
    $2,690,000
    Show details
    Cap Rate Potential
    8%
    Hotels
    Location Intelligence
    Property ID
    US69-0476549
    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

    • Fairfield Inn & Suites by Marriott Oklahoma City Quail Springs/South Edmond / Hotel / Meeting Planning Service
    • Quail Springs Inn & Suites / Hotel
    • 13520 Plaza Terrace Parking / Parking Lot

    Property Details for 13520 Plz Ter

    Year built
    1996
    Construction
    WOOD FRAME
    Lot size
    1.08 lot acres
    Property size
    29,892 SF
    Property type
    Hotels
    APN
    14-686-3540
    APU
    146863540

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,795,000
      ML approach
      $2,770,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,750,000
      6.5%
      $3,460,000
      7%
      $3,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,924,000
      Market price range: $1.48M - $2.82M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,240,000
      Current use
      AUTO REPAIR, GARAGE
      $4,445,000
      Change: +99% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,125,000
      Change: +84% Conversion: Difficult
      OFFICE BUILDING
      $3,835,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $3,690,000
      Change: +65% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,390,000
      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
    -97.5618
    Latitude
    35.6075
    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
    $24,351
    $31,141
    $173,459
    $204,600
    -
    $283,100
    $1,576,900
    $1,860,000

    Comparable in this City

    • Value Estimation
      $1,925,000
      29,940 SF

      13500 Plz Ter

      HOTEL • 29,940 SF
      13500 Plz Ter, Oklahoma City, OK 73120-2146
      View Details
    • Value Estimation
      $3,465,000
      57,522 SF

      13111 Highland Park Blvd

      HOTEL • 57,522 SF
      13111 Highland Park Blvd, Oklahoma City, OK 73120-2073
      View Details
    • Value Estimation
      $4,170,000
      68,580 SF

      13501 Memorial Park Dr

      HOTEL • 68,580 SF
      13501 Memorial Park Dr, Oklahoma City, OK 73120-8326
      View Details
    • Value Estimation
      $2,360,000
      41,632 SF

      13501 Highland Park Blvd

      HOTEL • 41,632 SF
      13501 Highland Park Blvd, Oklahoma City, OK 73120-2000
      View Details
    • Value Estimation
      $4,590,000
      55,245 SF

      3520 135th St

      HOTEL • 55,245 SF
      3520 135th St, Oklahoma City, OK 73120-4000
      View Details
    • Value Estimation
      $6,745,000
      71,894 SF

      13511 Highland Park Blvd

      HOTEL • 71,894 SF
      13511 Highland Park Blvd, Oklahoma City, OK 73120-2000
      View Details

    Similar Nearby for Sale

    • $795,000
      1.11 Acres

      Commercial Land in Growing Area

      Commercial land for sale in a rapidly developing Oklahoma City district.
      13129 Highland Park Blvd, Oklahoma City, OK 73120
      View Details
    • Contact for pricing
      16,241 SF

      Fully Occupied Retail Asset

      Multi-tenant retail asset in Oklahoma City's prime corridor.
      10505 N May Ave, Oklahoma City, OK 73120
      View Details
    • $150,000

      Prime Vacant Lot Opportunity

      0.73-acre vacant lot in north Oklahoma City.
      2100 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $1,900,000
      12,688 SF

      Retail and Warehouse Space Available

      Retail and warehouse property with high traffic and ample parking.
      2202 West Hefner Rd, The Village, OK 73120
      View Details
    • Contact for pricing

      North OKC Value-Add Portfolio

      955-unit portfolio in North Oklahoma City along premier retail corridor.
      2201 Northwest 122Nd St, Oklahoma City, OK 73120
      View Details
    • $2,900,000
      18,468 SF

      Hefner Road Retail Center Investment

      Oklahoma City retail building, 18,468 SF, 2.12 acres.
      2222 W. Hefner Road, Oklahoma City, OK 73120
      View Details

    Similar Nearby for Lease

    • $222 SF/Yr
      4,277 SF

      Country Club Medical Office Park

      Oklahoma City medical office suites, newly renovated.
      4117 122Nd St, Oklahoma City, OK 73120
      View Details
    • $12 SF/Yr
      2,848 SF

      1,100 SF-2,848 SF RETAIL For Lease - The Collanade - 9600-9652 N. May Avenue

      1,100 SF-2,848 SF RETAIL For Lease - The Collanade - 9600-9652 N. May Avenue
      9600-9652 N. May Avenue, Oklahoma City, OK 73120
      View Details
    • $10 SF/Yr
      22,573 SF

      Remodeled Center For Lease

      Remodeled center suitable for office or retail use.
      10401-10479 N May Ave, Oklahoma City, OK 73120
      View Details
    • $10 SF/Yr
      59,000 SF

      The Collonade: Office Suites in The Village

      Prime Office Space, The Village, OK
      9636 May Ave, The Village, OK 73120
      View Details
    • $8 SF/Yr
      91,176 SF

      Shoppes on May Retail Center

      Oklahoma City Retail Space: 7 Units Available
      9410 May Ave, The Village, OK 73120
      View Details
    • $10 SF/Yr
      22,573 SF

      Oklahoma City Retail Center

      Prime Retail Space - Excellent Location
      10413 May Ave, Oklahoma City, OK 73120
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      690
    • Avg Time on site
      489 min
    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.
    13520 Plz Ter
    Oklahoma City, OK 73120-2146
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.