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Property profile & analytics
OFF-MARKET
Estimated value
$7,965,000
Hotels
1818 Meridian Ave Oklahoma City, OK 73108-1718
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-0427139
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
TILT-UP CONCRETE
Total area
76,532 SF
Lot
3.28 ac (142,790 SF)
APN
13-238-3950
UPID
US69-0427139
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
-
Hyatt Place Oklahoma City Airport Hotel & Motel
-
Homewood Suites by Hilton Oklahoma City Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.52M
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$7.97M
Owner & transaction history
Bhanumati LLC · 2 yrs held
Bhanumati LLC
since 2023
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.0M
+108.5%
Auto repair, garage
$11.4M
+98.5%
Office building
$9.8M
+71.3%
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
$8,335,000
ML approach
$8,520,000
CAP Approach
CAP Return
Estimation
6%
$9,270,000
6.5%
$8,555,000
7%
$7,945,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,730,000
Current use
MEDICAL BUILDING
$11,950,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,380,000
Change: +99% · Conversion: Difficult
OFFICE BUILDING
$9,820,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$9,445,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,675,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$7.97M
Range $7.17M – $8.76M · ±10% · vs last sale $7.75M (Sep 28 2023)
Last sale anchor
$7.75M
Sep 28 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
$104 / 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
$85,908
Tax year 2023
Assessed value
$726,000
Assessed 2023
Previous assessed
$726,000
+0.0% YoY
Effective rate
11.83%
On assessed value
Assessed land
$101,780
Assessed improvement
$624,220
Land market value
$925,273
Improvement market value
$5,674,727
Total market value
$6,600,000
Applied tax rate
300.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
6
Units
128
Rooms
128
Total area
76,532 SF
Lot
3.28 ac (142,790 SF)
APN
13-238-3950
UPID
US69-0427139
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
$5.7M
MEDICAL BUILDING
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$11.4M
OFFICE BUILDING
Est. value
$9.8M
RETAIL STORES
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1997
Construction
TILT-UP CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Units
128
Rooms
128
Lot
3.28 ac
Current owner
From public records · entity-resolved
Bhanumati LLC
Entity
Mailing address
3048 N GRAND BLVD, OKLAHOMA CITY, OK 73107-1818
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
$7,748,000
Bhanumati LLC
Ara Ush Chicago LLC
Special Warranty Deed
$12,000,000 · Sovereign Bank
Sep 28, 2023
—
Ara Ush Chicago Tenant LLC
Ara Ush Chicago LLC
Lease
—
May 10, 2019
—
Lsref3/ah Chicago LLC
—
Grant Deed
related
$12,464,000 · Wilmington Tr
Dec 4, 2018
—
Lsref3/ah Chicago LLC
—
Grant Deed
related
$12,464,000 · Wilmington Tr
Aug 4, 2017
—
Lsref3/ah Chicago LLC
—
Deed
related
$410,000,000 · Jp Morgan Chase Bk
Nov 20, 2014
$13,247,000
Lsref3 Ah Chicago LLC
Bre Amerisuites Properties L L C
Special Warranty Deed
—
Nov 24, 2004
—
Bre Of Amerisuites Properties LLC
Prime Hospitality LLC
Grant Deed
$361,158,000 · * Other Institutional Lenders
—
—
Lsref3/ah Chicago LLC
—
Loan Modification
related
$410,000,000 · Jp Morgan Chase Bk
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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