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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Turn key restaurants
1900 16th St Newcastle, OK 73065-4313
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US69-1146900
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
FRAME
Total area
5,200 SF
Lot
23.56 ac (1,026,274 SF)
Zoning code
CR
APN
0000-25-09N-04W-0-007-00
UPID
US69-1146900
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
-
Patriot Construction Construction Company
-
Pryor Place Event Center | Venue + Lodge Hotel & Motel Resort
-
Newcastle Street Department General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.15M
Owner & transaction history
Pryor Place Events LLC · 4 yrs held
Pryor Place Events LLC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CR · Newcastle, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Code Enforcement
Top alternative use upside
Office building
$1.2M
+56.5%
Commercial (general)
$940,000
+24.3%
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 Newcastle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newcastle 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
$1,150,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$760,000
Current use
OFFICE BUILDING
$1,185,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$940,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$705,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Aug 19 2021)
Last sale anchor
$1.15M
Aug 19 2021
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
$221 / 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
$18,925
Tax year 2023
Assessed value
$163,168
Assessed 2023
Previous assessed
$101,894
+60.1% YoY
Effective rate
11.60%
On assessed value
Assessed land
$53,809
Assessed improvement
$109,359
Land market value
$510,886
Improvement market value
$1,038,871
Total market value
$1,549,757
Applied tax rate
206.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
2
Total area
5,200 SF
Lot
23.56 ac (1,026,274 SF)
Zoning code
CR
APN
0000-25-09N-04W-0-007-00
UPID
US69-1146900
Jurisdiction
MCCLAIN
Zoning & alternative use
CR · Newcastle, OKZoning CR · permitted uses
CR · Newcastle, OK
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code Enforcement
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$760,000
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$705,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2001
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
23.56 ac
Current owner
From public records · entity-resolved
Pryor Place Events LLC
Entity
Mailing address
1900 SE 16TH ST, NEWCASTLE, OK 73065-4313
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Pryor Place Events LLC
—
Deed
related
$1,284,600 · Arvest Bank
Sep 14, 2021
—
Pryor Place Events LLC
—
Deed
related
$100,000 · Arvest Bank
Aug 19, 2021
$1,150,000
Pryor Place Events LLC
Fcc Enterprises LLC
Warranty Deed
$740,000 · Arvest Bank
Feb 5, 2018
$385,000
Fcc Enterprises LLC
Gilliam Hog & Cattle INC
Warranty Deed
$391,947 · First National Bank & Trust Co
Jan 13, 2009
$452,500
Shaz Investment Group INC
Gilliam Hog & Cattle INC
Warranty Deed
—
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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