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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1629 Prospect Ave Oklahoma City, OK 73129-2903

    • Hotels
    • 63,048 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $3,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0006708
    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

    • Holiday Inn Express & Suites Oklahoma City Southeast - I-35 / Hotel

    Property Details for 1629 Prospect Ave

    Year built
    2012
    Construction
    WOOD FRAME
    Lot size
    1.77 lot acres
    Property size
    63,048 SF
    Property type
    Hotels
    APN
    14-021-2000
    APU
    140212000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,036,000
      Market price range: $3.12M - $5.95M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,720,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4862
    Latitude
    35.4486
    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
    $54,256
    $21,228
    $407,772
    $429,000
    -
    $192,988
    $3,707,012
    $3,900,000

    Comparable in this City

    • Value Estimation
      $2,550,000
      41,722 SF

      4800 I 35th Service Rd

      HOTEL • 41,722 SF
      4800 I 35th Service Rd, Oklahoma City, OK 73129-7016
      View Details
    • Value Estimation
      $2,865,000
      46,895 SF

      4750 I 35th Service Rd

      HOTEL • 46,895 SF
      4750 I 35th Service Rd, Oklahoma City, OK 73129-7014
      View Details
    • Value Estimation
      $2,575,000
      53,416 SF

      2616 I 35th Service Rd

      MOTEL • 53,416 SF
      2616 I 35th Service Rd, Oklahoma City, OK 73129-6450
      View Details
    • Value Estimation
      $530,000
      10,096 SF

      4801 Shields Blvd

      MOTEL • 10,096 SF
      4801 Shields Blvd, Oklahoma City, OK 73129-3211
      View Details
    • Value Estimation by Request
      7,223 SF

      5700 Shields Blvd

      MOTEL • 7,223 SF
      5700 Shields Blvd, Oklahoma City, OK 73129-3628
      View Details
    • Value Estimation by Request
      7,256 SF

      4600 Shields Blvd

      MOTEL • 7,256 SF
      4600 Shields Blvd, Oklahoma City, OK 73129-3208
      View Details

    Similar Nearby for Sale

    • $245,000

      Land for Duplex Community

      Land suitable for duplex or small apartment project.
      105 SE 45Th St, Oklahoma City, OK 73129
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    • New
      Contact for pricing
      2.96 Acres

      Oklahoma City Commercial Land Available

      Commercial land for sale in Oklahoma City, build to suit.
      1118 S Eastern Ave, Oklahoma City, OK 73129
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    • Contact for pricing
      16,944 SF

      Oklahoma City Industrial Land

      1.5-Acre Build-to-Suit Opportunity
      901 29Th St, Oklahoma City, OK 73129
      View Details
    • $749,900
      3.50 Acres

      Industrial Land: Oklahoma City

      3.5-Acre I-2 Zoned Industrial Lot
      1407 Irving St, Oklahoma City, OK 73129
      View Details
    • $115,000
      0.16 Acres

      Land Near Downtown OKC

      Investment opportunity near downtown Oklahoma City and Scissortail Park.
      227 SE 21St St, Oklahoma City, OK 73129
      View Details
    • $299,000
      0.64 Acres

      Prime Corner Lot in Oklahoma

      Corner lot near future MAPS 4 Multipurpose Stadium.
      2113 S Central Ave, Oklahoma City, OK 73129
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,000 SF

      Adaptable Flex Space Available

      Heated warehouse with flexible office layouts and garage doors.
      1125 SE Grand Blvd, Oklahoma City, OK 73129
      View Details
    • $6 SF/Yr
      37,804 SF

      Oklahoma City Warehouse Space Available

      37,804 SF warehouse space for lease in Oklahoma City.
      30 SE 17Th St, Oklahoma City, OK 73129
      View Details
    • $16 SF/Yr
      2,000 SF

      Retail Space with Highway Access

      Well-maintained retail space with excellent visibility and ample parking.
      1317 SE 44Th St, Oklahoma City, OK 73129
      View Details
    • $18 SF/Yr
      30,958 SF

      Windowed Office Space Near Tinker

      Office space near Tinker Air Force Base and I-40.
      7430 SE 15Th St, Oklahoma City, OK 73129
      View Details
    • $7,500 /Mo
      1,406 SF

      Former Sonic Drive-In For Rent

      Redevelopment opportunity in high-traffic corridor south of downtown.
      3000 I 35 Service Rd, Oklahoma City, OK 73129
      View Details
    • $6 SF/Yr
      6,800 SF

      Spacious Office Building For Lease

      Versatile office building with ample parking and storage options.
      835 SE 30Th St, Oklahoma City, OK 73129
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      2.2k
    • Avg Time on site
      470 min
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    1629 Prospect Ave
    Oklahoma City, OK 73129-2903
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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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