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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Motels
1800 Reno Ave Oklahoma City, OK 73117-3408
Entity Owned
2-yr Hold
Free & Clear
Property ID
US69-2283272
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Construction
BRICK
Total area
46,194 SF
Lot
3.51 ac (152,896 SF)
APN
14-297-0280
UPID
US69-2283272
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$5.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
Community Enhancement Corporation · 2 yrs held
Community Enhancement Corporation
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.5M
+88.8%
Office building
$5.9M
+71.3%
Retail stores
$5.7M
+64.8%
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
$4,035,000
ML approach
$4,370,000
CAP Approach
CAP Return
Estimation
6%
$5,595,000
6.5%
$5,165,000
7%
$4,795,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,460,000
Current use
COMMERCIAL (GENERAL)
$6,530,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$5,925,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$5,700,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,235,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±10% · vs last sale $3.75M (Dec 15 2023)
Last sale anchor
$3.75M
Dec 15 2023
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
$86 / 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
$21,128
Tax year 2023
Assessed value
$167,056
Assessed 2023
Previous assessed
$159,100
+5.0% YoY
Effective rate
12.65%
On assessed value
Assessed land
$16,506
Assessed improvement
$150,550
Land market value
$212,221
Improvement market value
$1,935,690
Total market value
$2,147,911
Applied tax rate
253.0000
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
1970
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
75
Rooms
75
Total area
46,194 SF
Lot
3.51 ac (152,896 SF)
APN
14-297-0280
UPID
US69-2283272
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
$3.5M
COMMERCIAL (GENERAL)
Est. value
$6.5M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
75
Rooms
75
Lot
3.51 ac
Current owner
From public records · entity-resolved
Community Enhancement Corporation
Entity
Free & Clear · 2 yrs held
Mailing address
1800 E RENO AVE, OKLAHOMA CITY, OK 73117-3408
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
—
Community Enhancement Corporat
—
Deed
related
$1,200,000 · City Of Lake City
Dec 15, 2023
$3,750,000
Community Enhancement Corporation
Reno Hospitality LLC
Warranty Deed
—
Jan 10, 2017
—
Noor Hotel LLC
Kcp Hotel LLC
Warranty Deed
—
Jan 10, 2017
$202,500
Ambica LLC
Noor Hotel LLC
Warranty Deed
related
$300,000 · First United Bk
Oct 3, 2008
$2,925,000
Noor Hotel LLC
Shree Lakshmi Corp
Grant Deed
$2,448,750 · Quail Creek Bank
Apr 14, 2008
$2,700,000
Shree Lakshmi Corp
Mmas Hotels LLC
Warranty Deed
$1,136,374 · Great Plains National Bank
Mar 6, 2007
—
Mmas Hotels LLC
Manilal V Patel
Warranty Deed
$1,824,969 · First American Bank Norman West Ban
Mar 6, 2007
$2,550,000
Manilal V Patel
Dha Oklahoma Hotel LLC
Warranty Deed
—
Sep 13, 2004
—
Dha Oklahoma Hotel LLC
Dha Oklahoma Hotel LLC
Quit Claim Deed
related
—
—
—
Noor Hotel LLC
—
Deed Of Trust
related
$2,372,008 · Quail Creek Bank
—
—
Noor Hotel LLC
—
Deed Of Trust
related
$125,000 · Quail Creek 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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