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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Bed & breakfasts
221 Main St Tishomingo, OK 73460-1726
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US69-2092027
Property summary
AI-generated overview
This iconic 8,000 sq ft commercial property, situated on a 0.16-acre lot in downtown Tishomingo, OK, is a remarkable investment opportunity. Originally built in the early 1900s, the Mulberry Inn and Lounge boasts a rich history, having hosted renowned musicians and artists, including contributions from Chickasaw Natives. The property features a full lounge and bar with ample seating and entertainment options, enhanced by tech-enabled services. Seven uniquely designed guest rooms cater to diverse preferences, complemented by both private and public bathrooms. Upstairs, a charming bar area, two large living rooms, a dining hall, and a fully equipped kitchen provide additional space. A 400 sq ft balcony offers stunning downtown views, perfect for gatherings. A welcoming lobby, coffee bar, and office space enhance functionality. The building includes a sprinkler system, sound system, and security system for added safety and peace of mind. This property presents a unique blend of historic charm and modern amenities, ideal for continuing its legacy or creating a new chapter. Priced at $1,650,000.
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Total area
4,800 SF
APN
1001-00-098-004-0-003-00
UPID
US69-2092027
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
-
Mulberry Bar & Lounge Bar & Pub
-
Mulberry Inn Hotel & Motel Bed & Breakfast
-
Clary Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$960k
Owner & transaction history
Ishko LLC · 3 yrs held
Ishko LLC
since 2022
Last sale
$959,000
1 recorded transaction
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 Tishomingo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tishomingo 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
$965,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$890,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$625,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $959k (Aug 25 2022)
Last sale anchor
$959k
Aug 25 2022
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
$200 / 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
$10,400
Tax year 2023
Assessed value
$115,080
Assessed 2023
Previous assessed
$78,006
+47.5% YoY
Effective rate
9.04%
On assessed value
Assessed land
$8,017
Assessed improvement
$107,063
Land market value
$66,810
Improvement market value
$892,190
Total market value
$959,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
4,800 SF
APN
1001-00-098-004-0-003-00
UPID
US69-2092027
Jurisdiction
JOHNSTON
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
OFFICE BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$625,000
OFFICE BUILDING
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
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Current owner
From public records · entity-resolved
Ishko LLC
Entity
Mailing address
630 SAN VICENTE BLVD APT L, SANTA MONICA, CA 90402-1866
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$959,000
Ishko LLC
Building Investments LLC
Special Warranty Deed
$40,887 · First United Bank & Trust Co
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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