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Property profile & analytics
FOR SALE
Motels
2001 E Reno Ave Oklahoma City, OK 73117
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US69-0036668
No photos on file
For Sale
$3,495,000
2001 E Reno Ave, Oklahoma City, OK 73117
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1975
Construction
BRICK
Total area
118,338 SF
Lot
5.89 ac (256,568 SF)
APN
13-362-6030
UPID
US69-0036668
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
-
Clarion Inn & Suites Oklahoma City Near Bricktown Hotel & Motel
-
Days Inn by Wyndham Oklahoma City Bricktown Hotel & Motel
-
Baymont by Wyndham Oklahoma City Bricktown Hotel & Motel
-
curry point Restaurant Take-out & Catering
-
Ramada Oklahoma City Near Bricktown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.85M
Blend (final)
Blend
$5.38M
Owner & transaction history
Ashta Lakshmi INC · 7 yrs held
Ashta Lakshmi INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,860,000
Current use
Blend value · Realmo final
$5.38M
Range $4.84M – $5.92M · ±10%
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
$45 / 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
$56,474
Tax year 2023
Assessed value
$459,812
Assessed 2023
Previous assessed
$437,917
+5.0% YoY
Effective rate
12.28%
On assessed value
Assessed land
$88,912
Assessed improvement
$370,900
Land market value
$897,988
Improvement market value
$3,746,000
Total market value
$4,643,988
Applied tax rate
200.0000
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
For Sale
Year built
1975
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
150
Rooms
150
Total area
118,338 SF
Lot
5.89 ac (256,568 SF)
APN
13-362-6030
UPID
US69-0036668
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
$8.9M
HOTEL/MOTEL Current
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
1975
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
150
Rooms
150
Lot
5.89 ac
Current owner
From public records · entity-resolved
Ashta Lakshmi INC
Entity
Mailing address
2001 E RENO AVE, OKLAHOMA CITY, OK 73117-4601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2018
$2,985,000
Ashta Lakshmi INC
American Bk
Grant Deed
—
Jul 24, 2018
—
Kaushik J Patel
—
Deed
related
$2,700,000 · All America Bk
Dec 29, 2017
—
All America Bk
Sheriff / Oklahoma County|bricktown Jv LLC
Trustees Deed
related
—
Dec 31, 2014
$2,950,000
Bricktown Jv LLC
Prominent Hotels LLC
Grant Deed
$3,457,500 · All America Bk
Dec 30, 2014
$2,550,000
Prominent Hotels LLC
Bricktown Capital LLC
Grant Deed
—
Oct 17, 2007
$3,350,000
Bricktown Capital LLC
Mos Investment Properties LLC
Warranty Deed
$3,238,031 · Quail Creek Bank
May 20, 2003
$1,000,000
Mos Investment Properties LLC
Regional Enterprises INC
Grant Deed
$800,000 · Kanza Bank
Sep 16, 1998
$1,800,000
Regional Enterprises INC
Ample Investment INC
Grant Deed
—
—
—
Bricktown Capital LLC
—
Deed Of Trust
related
$253,110 · Quail Creek Bank
—
—
Mos Investment Properties LLC
—
Deed Of Trust
related
$100,000 · Kanza Bank
—
—
Mos Investment Properties LLC
—
Deed Of Trust
related
$50,000 · Kanza Bank
—
—
Kaushik J Patel
—
Deed Of Trust
related
$2,700,000 · All America Bk
—
—
M O S Investment Properties
—
Deed Of Trust
related
$100,000 · Kanza Bank
—
—
Ashta Lakshmi INC
—
Deed Of Trust
related
$2,700,000 · All America Bk
—
—
M O S Investment Prope Ll
—
Deed Of Trust
related
$50,000 · Kanza Bank
—
—
M O S Investment Prope Ll
—
Deed Of Trust
related
$100,000 · Kansas State Bank
—
—
Bricktown Capital LLC
—
Deed Of Trust
related
$2,759,120 · Wayne Doyle
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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